Daily Trust (Abuja)

11 January 2013

Nigeria: Bank Workers See Low Job Losses in 2013

Lagos — The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) said there will be a phenomenal reduction in job losses in the banking industry this year.

About 7, 000 bank workers in the country were sacked last year due to staff rationalization in their various work places.

President of the union, Comrade Sunday Salako, who disclosed this in a telephone chat with Daily Trust yesterday, said the mass sack that had bedeviled the banking industry in the last three years was enough, adding that next year will witness a reversal of the trend.

He said "In the last three years in Nigeria, we have had job losses in our banks. I think there would be a reduction in the number of job cut in Nigeria this year."

Salako also said banks will galvanize the nation's economy this year, but said this would depend largely on the Federal government provision of conducive business environment.

"For banks to galvanize the economy, the Federal government must try as much as possible to provide good roads, basic infrastructure and fix power supply',' he said.

Ads by Google

Copyright © 2013 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.