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Two out of every five people working in Nigerian banks are contract staff, analysis of data provided by the National Bureau of Statistics has shown.
According to the NBS, as of the end of September 2020, 23 banks operating in employed a total of 95,888 workers. Out of this number, 40,382 of them were contract on contract. This means that 42.11 per cent of the workers are on contract.
Institutions covered in the employment statistics include commercial banks, merchant banks and non-interest banks.
A contract employee is an individual retained by a company for a predetermined time and cost. The employer is usually not responsible for providing a variety of traditional employer benefits such as pensions and health insurance.
Goddy Egene
The Director General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda, has called on senior bankers to mentor their younger colleagues in order to ensure sustainability, safety and soundness of the industry.
Yuguda gave the advice at the re-launch of the Chartered Institute of Bankers of Nigeria (CIBN) Mentoring Scheme, with the theme: “Mentoring: Unlocking Career Potentials and Possibilities,” in Lagos.
According to him, their commitment to mentoring the younger generation would go a long way in actualising the objectives of the institute’s mentoring scheme.
“Let me use this opportunity to encourage senior bankers to collaborate with CIBN in actualising the objectives of the mentoring scheme.
Mentor younger generation, SEC boss charges senior bankers
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