Bringing the World to Our Doorsteps
By Vice President Kashim Shettima, GCON
Being a speech by Senator Kashim Shettima, GCON, Vice President of the Federal Republic of Nigeria, at the launch of the Outsource to Nigeria Initiative (OTN) in Gombe, Gombe State, on March 4, 2024.
Protocols…
- Today, we embark on a journey of self-discovery. It’s a paradox for any country to possess the advantages we have and still rank in the middle or at the bottom of the economic chain. This is why we are here to provide a gateway to the world and remind ourselves that we are an epicentre of knowledge, an incubator of innovation, and a nurturer of brilliance. We can’t take over the world if we don’t know the road to the future, and so we are honoured to join you in this quest.
For too long, we have overlooked the treasure within our demographic dividends. For too long, we have underestimated our role in the knowledge economy. Far beyond the magnitude of our population and the global utility of our proficiency in English, lies a profound characteristic—the Nigerian spirit. From the bustling cityscape of Aberdeen to the vibrant landscapes of Melbourne and the financial hubs of Zurich, this Nigerian spirit of excellence thrives. It is, therefore, time to recognize our potential and embrace this unique identity as we set out to explore the markets eager for our unique contributions.
- Today, we are not only presenting to you the Outsource to Nigeria Initiative (OTN) with the honourable aim of taking over the world. We present to you a lens to see needs of the world, a bridge to interact with the world, and a vehicle to reach the world from the comfort of your offices and homes in Nigeria. Outsourcing, as an economic strategy, is not just about efficiency; it’s a profound recognition of our interconnectedness in the global economy. Outsourcing is also a strategy to counteract brain drain and channel our talents and skills into reconstructing a Nigeria that works.
- In President Bola Ahmed Tinubu, we have a leader whose vision transcends the immediate horizon. He is a refined economic strategist who understands the balance between our present circumstances and the trajectory of the global landscape. Our routes to the future hinge upon our sensitivity to our realities. The tough decisions we have taken may pose short-term challenges, but rest assured, it is a strategic investment to fortify the foundations of our economy. As your guarantee, I affirm that the reforms in progress will not only weather the storms but usher in a future where we shall stand grateful for the resilience and foresight displayed in propelling our nation towards economic prosperity.
- The global business process outsourcing (BPO) industry is a towering monument valued at over 250 billion dollars, and the success stories from India and the inspiring testimony to the transformative power of strategic outsourcing. Now, the spotlight turns to Nigeria, a nation with an abundance of talent, a competitive cost structure, a rapidly improving ICT infrastructure, and a strategically advantageous location. Now is our time to carve our own narrative within the global BPO landscape. Now, indeed, is our chance to contribute not only to our economic expansion but also to solidifying our role as a key player in the international business arena.
- Nigeria is fortified by a colossal talent pool exceeding 200 million people and complemented by competitive labour costs, an evolving ICT infrastructure, unwavering government support, and a strategic location in proximity to European markets. This convergence of factors not only positions Nigeria as a prime outsourcing destination but also underscores our commitment to providing an environment conducive to innovation, efficiency, and seamless collaboration on the global stage.
- The Outsource to Nigeria Initiative (OTNI) symbolizes a pivotal alliance, a collaborative dance between the public and private sectors. This is a mission to produce millions of job opportunities and propel Nigeria’s Business Process Outsourcing (BPO) and IT-enabled services sector into unprecedented growth. OTNI is here to connect global companies with the abundant talents and capabilities inherent in Nigeria. This initiative marks a strategic leap forward, positioning Nigeria as an emerging outsourcing powerhouse ready to make an indelible mark on the global economic landscape.
- Distinguished ladies and gentlemen, the Outsource to Nigeria Initiative (OTNI) spearheads the holistic advancement of the outsourcing ecosystem. It fosters the development of cutting-edge BPO facilities and provides incentives for the private sector. This is aimed at positioning Nigeria as the top destination for large companies seeking operational optimization, and there’s no greater commitment than this of the government to drive this dream.
- As I join our tech-savvy youth to celebrate this vehicle to limitless opportunities, I call on global business leaders and partners to join us in utilising this avenue to serve our mutual interests.
- Once again, I extend my heartfelt gratitude for being part of this milestone event. Thank you, and God bless us all.
