[This Day] The World Bank said it had agreed to set aside the sum of $50 million in furtherance of an initiative aimed at promoting Information Communication Technology (ICT) enabled services and the business process outsourcing industry in Nigeria.
Key areas of intervention, according to the bank, include infrastructure, connectivity, capacity building and skills development.
A statement issued by a leading partners in the project, the Senior Economist with the Africa Finance and Private Sector Development, Mr. Ismail Radwan, said key areas of intervention include infrastructure, connectivity, capacity building and skills development.
He said the World Bank is committing about $50m to fund sensitisation campaign and capacity-building workshops for the development and growth of the Nigerian ICT and the outsourcing sector.
"World Bank is planning to allocate approximately $50m towards setting the stage and formalising its plans for the development and growth of the Nigerian Information and Communication Technology (ICT) and outsourcing sector, " he said.
As part of its contribution towards socio-economic revitalisation of Nigeria, the apex bank said it is confident that a wider application of ICT as well as the popularisation of business process outsourcing could lead to a significant transformation of the society.
The statement said that in order to concretise the plan, a meeting of a select group of industry leaders is to be held under the theme: Developing the ICT/ITES and Outsourcing industry in Nigeria - the role of Public and Private Sector.
Issues to be discussed at the breakfast meeting scheduled for Abuja include the need for the public and private sector to forge a partnership with multilateral agencies such as the World Bank to create the right environment that will help the country to actualise some of the key aspects of its national development.
Outsourcing Industry - World Bank Votes U.S. $50 Million