Experts Highlight Opportunities in Outsourcing Sub-sector

Experts have stressed the need for firms to embrace outsourcing as a cost-saving measure.

They pointed out that from the banking, oil and gas, manufacturing to information technology and telecoms sectors, the experts pointed out that companies are increasingly adopting outsourcing in their businesses.

The experts made these remarks at the 2018 outsourcing expo which took place in Lagos recently.

The Managing Director, Karios Business Services Limited, Babatunde Fajimi, predicted that outsourcing business would continue to grow.

According to him, a recent survey revealed that the subsector had assumed a critical place in assisting corporate Nigeria.

“Outsourcing has been proven by scholars to transformative and also an investment that anticipate financial return. It is a voyage that transcends profit and once trust is broken, it will be difficult for both the user and provider to move smoothly,” he said.

Also, the Executive Chairman, GMC Logistics Limited, Mr. Sonny Allison, said outsourcing has a lot of benefits, just as he identified job creation as one of such benefits.

According to him, there was the general notion about outsourcing increasing unem- ployment and workplace stress, which he described as false.

He argued that outsourcing helps in increasing workplace efficiency and job creation.

On his part, Senator Gbolahan Dada, representing Ogun West Senatorial District, highlighted the need to cut cost and increase revenue in order to grow the economy. This, he said, could be achieved through outsourcing.

He said wealth creation would be possible through the development of policies to support outsourcing.

He said: “Nigeria has a large population made up of brilliant minds and talents that could be used for the nation’s advantage. Unfortunately, most of them have left the country in search of greener pastures.”