The Federal Government of Nigeria has just unveiled a groundbreaking initiative aimed at revolutionizing youth employment in Nigeria. Known as NATEP, which stands for the National Talent Export Programme, this visionary project was launched by President Bola Tinubu, represented by the Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, on the sidelines of the 78th United Nations General Assembly (UNGA). You may also like to check African Youth Travel Support Grants.
So, what exactly is NATEP all about?
In a nutshell, it’s designed to bolster Nigeria’s foreign exchange earnings by positioning the country as a formidable export hub for talent outsourcing, drawing inspiration from the successes of nations like India, Bangladesh, Mexico, and The Philippines.
The grand unveiling of NATEP occurred at the Microsoft Office in New York, USA, on Friday, September 22, 2023. The event was graced by a host of dignitaries from multilateral institutions and global tech giants, joining forces with the Ministers of Industry, Trade and Investment, and the Ministry of Communications Innovation and Digital Economy, Dr. Bosun Tijani.
Dr. Uzoka-Anite, speaking on behalf of President Tinubu, emphasized that NATEP is a strategic national initiative set to make Nigeria a leading global player in service exports, talent sourcing, and talent exports. This program will create a dedicated entity focused on addressing the specific needs and challenges of the talent and service export industry.
NATEP has ambitious goals, with a keen focus on enhancing competitiveness, fostering innovation, and driving sustainable growth through services trade. Importantly, it aligns with President Tinubu’s vision for job creation. Over a span of five years, NATEP aims to generate a whopping 1 million in-demand jobs across Nigeria.
The impact of this initiative is threefold. Firstly, it will create millions of jobs for the country’s youth, offering a brighter future for the next generation. Secondly, NATEP will boost foreign exchange reserves through remittances from exported talents and those working remotely for international organizations, both within and outside Nigeria. Lastly, it’s expected to significantly increase tax income for state governments, further strengthening the nation’s fiscal stability.
In a goodwill message, Saadia Zahidi, the Managing Director of the World Economic Forum, hailed NATEP as a timely and essential initiative that addresses critical areas of skills and job creation for not only Nigeria but also the world. The WEF expressed its eagerness to collaborate with Nigeria on this transformative program, emphasizing its readiness to support the Nigerian government in this noble endeavor.
The launch of NATEP is a milestone for Nigeria, paving the way for economic growth, job opportunities, and global recognition. As we embark on this exciting journey, the future looks promising for Nigerian youth and the nation as a whole. Stay tuned for more updates as NATEP unfolds its potential.
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