Banks’ Contract, Casual staff hit 43,180



Central Bank of Nigeria

By Gambo Jagindi

January 28, 2020

Banks’ contract, Casual workers hit to 43,180

The number of contract workers in the Nigerian banking sector rose to 43,180 at the end of the third quarter of last year, a new report has revealed.

As of the end of September 2019, the banking sector had a total of 101,435 workers, according to figures from the National Bureau of Statistics.

The banking sector had  40,398 junior employees,  17,671 senior workers, while executive workers were 186.

The number of full-time workers in the industry has been on the decline as contract employees have doubled in recent years.

Figures obtained showed that the number of contract workers in the industry rose from 20,237 in the first quarter of 2017 to 32,013 at the end of Q1 2018.

While some operators in the banking sector have attributed the recruitment of contract workers to efforts to reduce bank overheads and adjust to the economic situations.

The President, United Labour Congress, Joseph Ajaero, described contract/casual employment and outsourcing as dangerous and should not be encouraged under normal employment.

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