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43 In Every 100 Nigerian Bank Workers Are Contract Staff - Career - Nairaland

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43 In Every 100 Nigerian Bank Workers Are Contract Staff by DrMB(op): 2:05pm On Sep 30, 2025
Almost half of all people working in Nigerian banks are not bank employees.
In an industry defined by stability and long-term careers, this startling figure reveals the precarious reality for thousands of workers, with contract staff making up 43 out of every 100 personnel.
NIGERIAN BANK WORKERS - DEC 2021

43 in every 100 Nigerian bank workers are Contract Staff.

In 2018, it was 49 in every 100

In 2019, it was 49 in every 100

In 2020, it was 43 in every 100

#StatiSense
(NBS)

Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by Apcnewrecruit: 10:22am On Oct 02, 2025
This is why some organisations don't want their staff to join labour unions. This is a form of slavery
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by IykeChukz(m): 10:23am On Oct 02, 2025
Alright… those are the painful wounds.
But the question is, how do we heal?
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by Satazaa: 10:25am On Oct 02, 2025
No wonder most Bank staffs are now informants to fraudster, Yahoo boys, kidnappers etc, if bank employees sees their employers raking in billions annually and they get paid slave wages then that's an expected outcome because they feel exploited, overused and underpaid
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by dgitrader(m):
I doubt this figure.
It's definitely over 55%.
Someone isn't telling the truth.

Especially in Branch Operations, your can have 6 core staff, while the over 15 others working as contract staff, I am not even counting drivers, security, cleaners, sales markerters, only transaction operations workers.

And it's a very very dirty business by the bank directors/top management. Through indirect ownership of recruitment firms, they eat 35% of the income due to this hardworking staff. AND some of this contract staff have more experience and efficiency than few of the core staff. They even help train new core staff in some cases. Imagine training your own boss!.
They are just unfortunate to be employed and trapped(for years with no benefits, pension, insurance, no promotion, etc) with lesser qualifications like OND.
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by Avedonn: 10:26am On Oct 02, 2025
Most banks think permanent staff are too expensive, so they hire a lot of temporary contract workers. Personally, I think working in a bank is like living in a dream world that's bound to collapse. Once they've gotten all they can from you, they let you go whether you're permanent or not. They often use age to grade as an excuse to remove people.

To make things worse, many bankers get used to a flashy lifestyle to impress others. So when they suddenly lose their job, they find it very hard to cut back on their spending and end up in a tough spot.
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by casdoruche:
Apcnewrecruit:
This is why some organisations don't want their staff to join labour unions. This is a form of slavery
When last did labour union fight a good fight.

Many people are languishing in various jobs

All of a sudden Labour union remembers Dangote

Let labour union fight the good fight

You now want a private entity to listen to you

When they fight as ASUU they leave out those in private universities
They leave out those in private institutions
When they fight for workers they ignore those in private sectors

Minimum wage is effective in govt jobs

The private worker still earns 30k 10k 15k and all.

Now all of a sudden Dangote refinery is now the place to fight

lol

Dangote should just open portal for employment for engineers and you will see the rate at which phd and profs will aim to get the jobs.

Nigerians want same treatment with Indians

But Nigerians have not been able to make ph and Warri work

I rather pay Indians more and get the job done
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by VeeVeeMyLuv(m): 10:28am On Oct 02, 2025
Nigeria is a wilderness, an evil forest, an economic ruin
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by Adeoye11(m): 10:32am On Oct 02, 2025
43 pere, statistically that's huge nah ,
E remain 57% nah so it means 57% are core staff right?

We go dey alright Laslas
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by Onewazobia(m): 10:33am On Oct 02, 2025
casdoruche:
When last did labour union fight a good fight.

Many people are languishing in various jobs

All of a sudden Labour union remembers Dangote

Let labour union fight the good fight

You now want a private entity to listen to you

When they fight as ASUU they leave out those in private universities
They leave out those in private institutions
When they fight for workers they ignore those in private sectors


Now all of a sudden Dangote refinery is now the place to fight

lol

Dangote should just open portal for employment for engineers and you will see the rate at which phd and profs will aim to get the jobs.

Nigerians want same treatment with Indians

But Nigerians have not been able to make ph and Warri work

I rather pay Indians more and get the job done
You are somehow right, Indians may not have the degrees (papers) but deliver, in highly incomparable manner
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by Jokerman(m): 10:35am On Oct 02, 2025
So many of them wey dey wake up 4am/5am to get to Lagos Island/ VI etc, no collect pass 150/200l per month?

How won't there be loan sharks in the country when 43% of workforce na contract staff?
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by adekunle0000: 10:37am On Oct 02, 2025
This figure is not the complete truth.


It is by far more than this figure.

You go to some branch offices and the entire staff strength of close to 100 persons, you very rarely get up to 10 who are direct staff of the Bank. This is not based on hearsay. Not even the banks headquarters can boost of a 50% non-contract staff rate.

From Customers Care to Cashier to Marketing to others, it is the same story. The very limited exception is usually within the HR departments, which are always outsourced to HR firms.


Nigeria, we hail thee indeed!!!
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by philipobiz: 10:39am On Oct 02, 2025
Avedonn:
Most banks think permanent staff are too expensive, so they hire a lot of temporary contract workers. Personally, I think working in a bank is like living in a dream world that's bound to collapse. Once they've gotten all they can from you, they let you go whether you're permanent or not. They often use age to grade as an excuse to remove people.

To make things worse, many bankers get used to a flashy lifestyle to impress others. So when they suddenly lose their job, they find it very hard to cut back on their spending and end up in a tough spot.
What about the hefty billions they are making?

Oh I forgot I have a minimum amount of Characters or words I am suppose to type for my comment to go through
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by U09ce: 10:39am On Oct 02, 2025
That's because the labor laws are weak either on paper or implementation. Employers look out for lacunae within the laws and exploit workers. And that's why unions are needed to balance the power and fight for workers rights. But unfortunately, the public don't really understand. So far as the suffering never reach pesin side, him no send
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by Godsonkemz(m): 10:39am On Oct 02, 2025
dgitrader:
I doubt this figure.
It's definitely over 55%.
Someone isn't telling the truth.

Especially in Branch Operations, your can have 6 core staff, while the over 15 others working as contract staff, I am not even counting drivers, security, cleaners, sales markerters, only transaction operations workers.
The figure they present to us is not the real figure. It should be 60% or more. This is because in addition to the ones you mentioned, the banking tellers that transact cash, DSA they send to the streets to get customers are all contract staff.
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by MT: 10:44am On Oct 02, 2025
dgitrader:
I doubt this figure.
It's definitely over 55%.
Someone isn't telling the truth.

Especially in Branch Operations, your can have 6 core staff, while the over 15 others working as contract staff, I am not even counting drivers, security, cleaners, sales markerters, only transaction operations workers.

And it's a very very dirty business by the bank directors/top management. Through indirect ownership of recruitment firms, they eat 35% of the income due to this hardworking staff. AND some of this contract staff have more experience and efficiency than few of the core staff. They are just unfortunate to be employed and trapped(for years with no benefits, pension, insurance, etc) with lesser qualifications like OND.
This is a word on marble. Well captured. You have the inside knowledge
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by lawani(m): 10:45am On Oct 02, 2025
What the government needs to do is to make sure nobody is employed without paying PAYE and being on the pension scheme. Nobody should be paid wages without those two things. At least if you work for a while you will have something saved as pension
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by richiemcgold: 10:48am On Oct 02, 2025
I will like to know if they are entitled to pension and other retirement benefits
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by MT: 10:49am On Oct 02, 2025
Avedonn:
Most banks think permanent staff are too expensive, so they hire a lot of temporary contract workers. Personally, I think working in a bank is like living in a dream world that's bound to collapse. Once they've gotten all they can from you, they let you go whether you're permanent or not. They often use age to grade as an excuse to remove people.

To make things worse, many bankers get used to a flashy lifestyle to impress others. So when they suddenly lose their job, they find it very hard to cut back on their spending and end up in a tough spot.
Spot on. You are very correct with the bolded. That is the plain truth
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by almasterpiece(m): 10:51am On Oct 02, 2025
DrMB:
Almost half of all people working in Nigerian banks are not bank employees.
In an industry defined by stability and long-term careers, this startling figure reveals the precarious reality for thousands of workers, with contract staff making up 43 out of every 100 personnel.
Unfortunately this is an industry where they declare billions as profits and the workers go home with peanuts
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by Minjim: 10:58am On Oct 02, 2025
This thing has been on going for years but nobody to fight for those contract workers because they don't earn much to pay any union fee.
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by Bluntemperor: 10:58am On Oct 02, 2025
dgitrader:
I doubt this figure.
It's definitely over 55%.
Someone isn't telling the truth.

Especially in Branch Operations, your can have 6 core staff, while the over 15 others working as contract staff, I am not even counting drivers, security, cleaners, sales markerters, only transaction operations workers.
The Judicial Connotation in Nigerian Banks:
Yes, you may be right.
Actually,many Banks Management have been using Contract Staffing - as a means of undermining the Regular Staff- who are paid :
- Full Salaries and
-Allowances and
- Gratuities and Pensions,On Retirement.
Here is the TRUTH:
- Since the New Generation Banks Came to Nigeria through - UBA, Intercontinental Bank ( Now Access),etc,the Role of Contract -Staff imbroglio has expanded - because even the Contract Issues is Still done Behind the Scene -by One Executive Director or The CEO,who are all involved - in sidelining the Staff through Short Payments.
•To Worsen things - Most Banks Preferred Spending Money to get Lawyers - against Staff,just to frustrate 🥺 them Out of Courts in Payments of their Pensions!
Nigeria Judiciary - especially,the Industrial Courts and Appeal Courts have the highest Cases of Nigerian Banks - but why ?
- Why Should Cases In Nigerian Courts be -5yrs,10yrs yrs,11yrs ,etc and above ,but we hardly see your NLC, NUBIFIE OR ASBIFIE - to defending the POOR Workers.
- You can now see WHY -Most Nigerian- Lawyers Cannot Operate in US, European or London - because,you cannot be holding the People to ransomed through Adjustment s, and Adjustments,thereby enlogating Delay in Our Justice System.
Very Shameful Situation Indeed!
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by AKWATGOLD1(m): 10:58am On Oct 02, 2025
43 contract staff is too small. For every bank employees (Staff) in a branch, at least only Five or Six are core staff (direct employees by the bank) others are contract staff.
DrMB:
Almost half of all people working in Nigerian banks are not bank employees.
In an industry defined by stability and long-term careers, this startling figure reveals the precarious reality for thousands of workers, with contract staff making up 43 out of every 100 personnel.
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by ednut1(m): 10:59am On Oct 02, 2025
The company they are contracted to are usually owned by the bank management or relatives. Zenith bank uses a company to hire contract staff. The company is owned by the owners wife and managed by their daughter
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by Fiscus105(m):
casdoruche:
When last did labour union fight a good fight.

Many people are languishing in various jobs

All of a sudden Labour union remembers Dangote

Let labour union fight the good fight

You now want a private entity to listen to you

When they fight as ASUU they leave out those in private universities
They leave out those in private institutions
When they fight for workers they ignore those in private sectors

Minimum wage is effective in govt jobs

The private worker still earns 30k 10k 15k and all.

Now all of a sudden Dangote refinery is now the place to fight

lol

Dangote should just open portal for employment for engineers and you will see the rate at which phd and profs will aim to get the jobs.

Nigerians want same treatment with Indians

But Nigerians have not been able to make ph and Warri work

I rather pay Indians more and get the job done
In addition to this, give Nigeria driving jobs in Dangote's refinery, 2 of 5 trucks will be diverted and smugle out to private pocket, this and more this experience makes Dangote rethink to absorb them in his oil company.

Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by bixton(m): 11:05am On Oct 02, 2025
casdoruche:
When last did labour union fight a good fight.

Many people are languishing in various jobs

All of a sudden Labour union remembers Dangote

Let labour union fight the good fight

You now want a private entity to listen to you

When they fight as ASUU they leave out those in private universities
They leave out those in private institutions
When they fight for workers they ignore those in private sectors

Minimum wage is effective in govt jobs

The private worker still earns 30k 10k 15k and all.

Now all of a sudden Dangote refinery is now the place to fight

lol

Dangote should just open portal for employment for engineers and you will see the rate at which phd and profs will aim to get the jobs.

Nigerians want same treatment with Indians

But Nigerians have not been able to make ph and Warri work

I rather pay Indians more and get the job done
The same Phd and Professors who applied as drivers when he was looking for drivers in one of his companies!!!!!!!

Lts of jokes on your likes.
Please go ahead and employ even Palestinians.
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by ambale(m): 11:05am On Oct 02, 2025
These are the issues a serious government should be looking into, not just taxing anything taxable


I wonder the kind of education they claim to have sef Sha

How can a critical sector like the banking sector be this shabily run 🤔
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by adioolayi(m): 11:06am On Oct 02, 2025
This is where one would expect all the machinery of NLC, TUC and whatever to channel their arsenal at..

Stopping this contract staff and casual labour force menace..

No...you won't see then here.. because..no money to chop.

Nonsense
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by Nteogwuija(m): 11:06am On Oct 02, 2025
Still not that bad. It means a majority are permanent staff.
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by Lanretoye(m): 11:06am On Oct 02, 2025
That banking industry is one fraud that you can never understand,only directors are cashing out.if you buy their stock self,after declaring billions as profit at the end of the year,your shares will not increase more than 10kobo
Bluntemperor:
GBAM!!
Confirmation of my thoughts above, but Why Are We Like this?
Where Una Labour Leaders - who de shout ' On Your Mandate '.
Theore you looked into Nigeria matter,the more Terrible and confused you becomes!
maybe if your dad has a bank he would employ 100% as staff,unfortunately he didn’t have one.
Re: 43 In Every 100 Nigerian Bank Workers Are Contract Staff by Bluntemperor: 11:08am On Oct 02, 2025
ednut1:
The company they are contracted to are usually owned by the bank management or relatives. Zenith bank uses a company to hire contract staff. The company is owned by the owners wife and managed by their daughter
GBAM!!
Confirmation of my thoughts above, but Why Are We Like this?
Where Una Labour Leaders - who de shout ' On Your Mandate '.
Theore you looked into Nigeria matter,the more Terrible and confused you becomes!
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