From Isaac Anumihe, Abuja

The federal government, yesterday, revealed that it would save more than $100 million a year if all agencies trained their staff in Nigeria.

Speaking after the National Center for Technology Management (NACETEM) signed a Memorandum of Understanding (MOU) with the National Wage, Income and Salary Commission (NSIWC), in Abuja, NACETEM President and Chief Executive Officer (CEO) Dr. John Akintayo Omimakinde said that in addition to saving money, it will reduce pressure on the exchange rate.

He said that in recent months the agency had trained a number of officials, adding that if their stacode, air tickets and other expenses are factored in, it will amount to several million naira.

“There was a training we had. More than 50 people attended. The other was attended by more than 20 people.
Nigeria will save up to $100 million in a year if they constantly come for training from our agency instead of going abroad for training.

“When they come to train consistently with us, the money they will spend and the pressure on the exchange rate will be reduced. Many people do not know what we can offer and that is the essence of this collaboration so that we can make ourselves known. Agencies need to know that what they are sending to the US or the UK they can also get in Nigeria,” she said.

In his remarks, NSIWC President Mr. Ekpo Nta said that his agency has been in the business of domesticating trainings.

According to him, the trainings that people do outside the country to go and get are actually domiciled in Nigeria.

He said that recently his agency’s staff were trained locally and if all 55 employees were to train abroad, they would each spend at least $400 and if the amount is multiplied by the number of trainees, it would be more than the commission’s budget.

“I’ve always been in the trend of trying to domesticate training and innovations like this and I can tell you some of the training that people do outside of the country to go and get their domicile in this country. And much better because it adapts to the environment.

“So, in terms of foreign exchange, the first training we had with them (NACETEM) we had 55 officials. Can you imagine getting 55 people out of Nigeria? There is no one who would not spend at least $400 in those countries, enriching those economies and depriving ours. So this is a coup. And given NACETEM’s international reach, expect this to also attract reverse foreign investment in terms of training in Nigeria,” he stated.