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Over 75% of workers in Nigerian banks ‘casualised’




 OVER 75 per cent of workers in Nigeria’s banking sector are casual staff.

  National President Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), Oyinkan Olasanoye, disclosed this while speaking on television programme, today.

  Assessing the plight Nigerian workers in commemoration of World International Workers’ Day celebration, 2022, Olasanoye said while casual workers are majority in Nigeria, no law specifically protects them.

  Olasanoye, therefore, called on the government to step in and protect casual workers in the country.

  Also speaking, an employment relations and labour studies lecturer at the University of Lagos, Prof Akeem Akinwale, lamented that Nigerian workers were being exploited.

  According to Akinwale, though Central Bank of Nigeria (CBN) discouraged excessive use of casual workers in the sector, most banks were cutting corners, adding that CBN’s directives seem to be working on paper but noted that banks were cutting corners by engaging casual workers through a third party

  “While casual workers’ salary range is usually between N50,000 and N80,000, they are made to come to work early and close late. When you break it down, what they earn is not up to N4000 per day but ordinary labourers who have never gone to school earn up to N3,500 per day in Nigeria for working for three or four hours,” he said.

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