Despite a challenging macroeconomic environment, several of Nigeria’s leading corporations maintained strong employment numbers in 2024.
The top 10 employers collectively employed 84,491 workers in 2024, spanning sectors such as financial services, industrial goods, and consumer goods. The companies reported a combined N1,695 trillion on employee salary expenses the same year.
This is according to data compiled by Nairametrics research from the financial statements of these companies listed on the Nigerian Exchange (NGX)
Nigeria’s youth population aged between 15 to 24 accounted for 55.3% of the total labour force. Within this group, 50.6% were employed, while 8.4% were unemployed. Additionally, 14.4% of youths in this age group were neither in school, employment, nor training (NEET), up from 13.7% in the previous quarter
These top employers play a vital role in mitigating unemployment and supporting Nigeria’s economic growth. Their continued operations provide much-needed opportunities in a country facing rising unemployment rates.
While these are Nigerian listed companies, many have operations across other African countries and in Europe. The reported employee figures cover staff working across these regional operations, not just within Nigeria.
Here is a list of the top 10 largest employers of labour in 2024
- CEO Dangote Cement, Arvind Pathak
Dangote Cement, Africa’s largest cement producer and a dominant player in Nigeria’s industrial goods sector, employed 20,910 staff in 2024, up from 19,073 in 2023, representing a 10% increase.
This makes the company Nigeria’s top employer among listed companies for the year. The company did not provide a gender breakdown in its financial statements.
The company spent N131.81 billion on salaries and related employee costs in 2023, and in 2024, it spent N232.78 billion, representing a 77% increase.
Please I need a mentor in banking . Kindly show me how to find one if you can.
From your analysis ,you failed to tell us the percentage of causal and permanent staff.in each of this organization.