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 FCMB Group Plc, Ladi Balogun
FCMB Group, operating in Nigeria’s financial sector, reported a total workforce of 3,796 employees in 2024, up from 3,554 employees in 2023. This reflects a 6.8% increase in headcount over the 12-month period.
A gender breakdown of the 2024 workforce shows that 1,597 employees were female, while 2,199 were male, meaning women constituted 42% and men 58% of the total workforce. This compares with 1,464 female and 2,090 male staff in 2023. In both years, male employees made up most of the workforce
The bank’s total wages and salary expenses rose to N58.54 billion in 2024, up from N34.13 billion in 2023, representing a 72% increase year on year.
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.