The Federal Executive Council (FEC) has approved four major policy initiatives designed to attract over $15 billion in investments, strengthen Nigeria's digital trade, intellectual property, and service export sectors over the next five years.
According to a statement from the State House, Abuja, the new initiatives are projected to create one million decent jobs in the service export sector, add $10 billion annually to the GDP, and train 10 million Nigerians for global service market opportunities by 2030.
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The policies will leverage Nigeria's expanding service economy, which currently contributes over 50 percent to the GDP but less than 10 percent to total exports. To drive this, the Council also approved the establishment of a National Coordination Mechanism for Services Exports, to be led by the National Talent Export Programme (NATEP).
The coordination mechanism will harmonize existing government programmes such as the 3 Million Tech Talent (3MTT) initiative, Outsource to Nigeria Initiative (OTNI), and TechPro4Europe, consolidating efforts to boost Nigeria's competitiveness in global professional, digital, and creative services.
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