According to the National Bureau of Statistics data, deposit money banks in Nigeria laid off a total of 1,936 employees in 2021.
The NBS’s “Selected Banking Sector Data report” for the entire year of 2021 lists the affected employees as belonging to the categories of executives, staff, junior, and contract personnel.
Those employed in commercial banks, merchant banks, and non-interest banks made up the workforce, according to the official data warehouse of the nation.
While few other employees resigned, a sizable portion of the workforce was fired.
According to the data, banks’ staff strength fell to 93,090 by the end of 2021, representing a decline. This is worse than in 2020, when the COVID-19 pandemic led to the closure of businesses, including banks.
When the Nigerian economy was reopened after the over three months lockdown in 2020, some banks shut down some of their branches, while others reduced work hours.
