Africa & Middle East

Nigeria sets ambitious target

The President of the Institute of Software Practitioners of Nigeria (ISPON), Mr. Chris Uwaje, says Nigeria can generate “over US$100 billion” if the enormous potentials of software outsourcing are fully tapped and harnessed.

Uwaje disclosed this at the inauguration of the Board of Trustees of the Nigerian Association of Information Technology Enabled Outsourcing Companies (NAITEOC) by the Acting Director General of the National Information Technology Development Agency (NITDA), Dr. Hashiru Sani, in Abuja on July 23.

Uwaje who is also the newly appointed Chairman of the Board of Trustees, said if properly harnessed, the Business Processing Outsourcing (BPO) has the capacity to create between five and 10 million jobs in Nigeria.

He said, “ICT outsourcing remains one of the effective ways to tackle the hydra-headed monster of unemployment in the country because it touches all aspects of life which would create massive jobs for the unemployed,” adding that Nigeria can export outsourcing knowledge more than other countries to the whole world.

“We can do much more than India and China and even exceed our diaspora remittances. We were told that from the remittance fees of Nigerians in diaspora that they have been able to bring about US$20 billion annually into the Nigerian economy; that is a brain drain that we want to address.

“Now, we want to ensure that we can multiply that by outsourcing so that they can remit about US$100 billion back to Nigeria annually. Outsourcing is the core backbone of an industrial economy,’’ he added, and called on government to formulate right policies to drive business processing outsourcing.