December 28, 2016 7:40 pm | Updated 3 years ago.
The economic condition of Nigeria is facing negative growth and business process outsourcing is seen as a growth hack. Business Process Outsourcing (BPO) requires less investment in terms of capital and brings in large scale benefits in terms of economic and social growth. Outsourcing is a process to contract a part of the non- core processes to outsiders. Organisations then are free to concentrate on their core processes.
In a conference titled, “Outsourcing, a catalyst for change in Nigeria”, organized by the Nigeria Association of Information Technology Enabled Outsourcing Companies (NAITEOC) in Abuja, the government of Nigeria stressed on the Federal Government’s commitment to the Information Technology Outsourcing Policy. The Nigerian outsourcing industry is seen as a sector with immense potential for economic growth and development. The outsourcing sector can give the much-needed boost to the overall socio-economic development of Nigeria.