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FG to Support Growth in Outsourcing Industry

By Yetunde verissimo

The Federal Government as declared it's support to help grow the outsourcing industry in Nigeria, as part of the process to diversify the economy to non oil sectors.

This call was made by the Vice President, Yemi Osinbajo, who was represented by Yemi Dipeolu, Special Advicer to the President on Economic Matters, at the 4th Nigeria International outsourcing conference, on Tuesday, in Abuja.

The Vice President said the support was in line with the administration's goal to diversify and grow the economy. He said the outsourcing industry has the potentials to improve revenue generation, was cost effective, that is reduce cost of conducting government business operations.

"In Nigeria we do believe that if properly mobilized the outsourcing sector can contribute to increase in Gross Domestic Profit (GDP) and an improved standard of living." He said.

At the conference, Barrister Abdur-raheem Shittu, Honorable Minister of Communications said the conference would help sensitize and showcase the potentials of the BPO/KPO industry in Nigeria. And also to further enable the socio-economic rejuvenation of Nigeria through the creation of new businesses and sustainable jobs for the teeming unemployed youth in the country.

He asked that both the private and public sector participants must work together to grow the industry and hence there economy.

"The Nigerian outsourcing industry is a. Industry with immense potentials for economic growth and development."

He explained that the benefits of the outsourcing industry would increase productivity, work efficient, improve accountability, improve skill enhancement and also aid technological advancements.

Also at the conference, Kartik Kilachand, CEO world BPO forum, who gave a paper presentation at the event said although Nigeria is late to the outsourcing market, there was huge potentials in the sector.

"The competition is huge and Nigeria is starting late, and for the government to meet up, they need a game plan."

He acknowledged that efforts made in outsourcing as being domestic and to get international, the Federal Government should grow the sector.

"The first thing the Government should do is accelerate it's own digitalization plan, so it would help the local service providers get bigger and more financially stronger. They also have to have specific skills development required to compete internationally." Kartik said.

The 4th international outsourcing conference with the theme "outsourcing -catalyst for economic growth, job creation and wealth creation" had participants from both private and public sector spending present.