The Nigerian government is gearing up to launch the Outsource to Nigeria Initiative (OTNI), aiming to capitalize on the lucrative global outsourcing market, which has amassed nearly $350 billion. Vice President Kashim Shettima is scheduled to inaugurate the initiative in Gombe State on March 4, 2024, signaling a significant step towards unlocking extensive job opportunities for the country’s burgeoning youth population.
Amidst growing concerns over youth unemployment and the need to diversify the economy, the Nigerian government is set to unveil the Outsource to Nigeria Initiative (OTNI), a strategic move aimed at harnessing the potential of the global outsourcing market. Vice President Kashim Shettima will lead the launch event in Gombe State on March 4, 2024, marking a pivotal moment in Nigeria’s quest to tap into this lucrative industry.
OTNI, which will be privately led but government-facilitated, is expected to create a pathway for Nigeria to capitalize on the $350 billion global outsourcing market. The initiative aligns with President Tinubu’s employment objectives and seeks to address the pressing need for job opportunities, particularly for the country’s youth demographic.
The announcement of OTNI was made by Ibrahim Hadejia, Deputy Chief of Staff to the President (Office of the Vice President), during a press briefing in Abuja. Hadejia emphasized the strategic significance of OTNI in ensuring job security for Nigeria’s youth population. The initiative aims to bolster Nigeria’s outsourcing industry by initially targeting over 1,000 job placements in Gombe State following participant training.
Highlighting the immense potential of the global outsourcing sector, Hadejia projected revenue to surpass half a trillion dollars by 2030. He underscored Nigeria’s favorable position in this market, citing its English-speaking population, improved IT infrastructure, and skilled workforce. He called upon state governors to emulate Gombe’s lead in leveraging the OTNI launch to provide employment opportunities for their youth constituents.
Amal Hassan, promoter of the program, emphasized the transformative impact of OTNI on Nigeria’s outsourcing sector. She outlined the initiative’s comprehensive approach, which includes centralizing domestic and international talent on the Worknation platform, offering targeted training, establishing excellence centers, and enhancing global branding to showcase Nigerian talent capabilities.
Hassan emphasized the importance of training to meet the specific skill demands of the global market, highlighting OTNI’s focus on capacity building and talent development.
The launch of the Outsource to Nigeria Initiative (OTNI) represents a significant milestone in Nigeria’s efforts to tap into the global outsourcing market and create employment opportunities for its youth population. With Vice President Kashim Shettima set to inaugurate the initiative in Gombe State, OTNI holds the promise of driving economic growth and fostering greater inclusion in Nigeria’s workforce. As the government and private sector collaborate to realize the objectives of OTNI, stakeholders remain optimistic about the transformative impact it will have on Nigeria’s economy and employment landscape.
Credit: Nairametrics
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