Nigeria’s Employment Paradox: Why Banks Dominate and What Lies Ahead
Abuja, July 8, 2025 — Despite diverse sectors across Nigeria, employment data reveal that banks are the dominant force in large-scale hiring among listed firms—a trend with complex economic implications. In 2024, the country’s top 10 publicly traded companies collectively employed 84,491 staff, disbursing a staggering ₦1.695 trillion in salaries . Financial services—particularly commercial banks—accounted for