Lagos — The Federal Government through the National Information Technology Development Agency (NITDA) has set a target of making Nigeria the hub of outsourcing businesses in sub Sahara Africa.
The Director General of NITDA, Professor Cleopas Angaye said at the opening of the test of English for international communication Centre in Lagos that Nigeria is ready to tap into the global market of outsourcing business currently worth $500 billion and estimated to grow at $1.65 trillion by the year 2020.
He noted that NITDA's aspiration is for the country to be a net exporter of IT, a destination and major hub for investments in outsourcing.
Part of the strategies to realise this was the NITDA's inauguration of the Nigerian Association of Information Technology Enabled Outsourcing Companies (NAITEOC) in June. This he said could only be achieved through collaboration and partnership. "As we continue the outsourcing journey, I call on all stakeholders to join hands with us towards the creation of a hub for sustainable outsourcing destination in Nigeria," he said.
According to him, outsourcing now plays strategic roles globally as a way of cutting cost and streamlines services.
The DG explained further that it has become necessary for companies to outsource areas of organisation's activities to those who can do it at cheaper rates, stressing that outsourcing reduces operational cost by 60 per cent.