One of the critical issues around the growth of Nigeria’s economy can be attributed to job creation. It’s an exciting time for Nigeria, and many of the largest companies in those industries are leading the charge to create opportunities. Here is an in-depth analysis of five key job creators in Nigeria, according to Naijassador.
1. Dangote Group
The name Dangote Group is a household name in Nigeria, known for its tentacles in different businesses. The conglomerate, founded by Aliko Dangote, has a footprint in many sectors of the economy and is known to have created thousands of jobs as well as grown several industries across the country. Dangote Cement – Africa’s largest cement producer. A thousand jobs are created through the company’s plants and its extensive distribution network in production, logistics and sales.
By being a major player in the sugar industry, Dangote Sugar requires a large workforce for farming, refining and distribution. Speaking of refining capacity, the newly built Lekki oil refinery which has been commissioned is expected to finally change Nigeria’s oil industry. In addition to promoting people into lucrative roles, Dangote Group’s ever-expanding business is responsible for a huge need for skill ranging from simple unskilled labour to a very highly specialized workforce. This has indeed been a massive contribution towards reducing unemployment and keeping the economy stable.
2. MTN Nigeria
MTN Nigeria is the company leading the telecommunications infrastructure which connects millions of Nigerians. Given its wide network infrastructure, modes of service delivery and support mechanisms; it is one of the largest employers in the Telecoms industry. It is a sizable contingent of engineers, technicians and support staff that keeps MTN’s extensive network running.
Millions of MTN subscribers translate into a lot of call center and service outlet jobs. Because the company is so well established, it requires a large and aggressive sales and marketing force to grow the business and stay engaged with customers. Overall, MTN’s investment in digital has created net new jobs or employment opportunities in the related fintech and IT industry space specifically driven by the increasing need for digitized financial services led by mobile money (MoMO). MTN’s role extends beyond job creation; it also facilitates economic activity through improved connectivity, which is essential for business operations, education, and communication across Nigeria.
3.Innoson Vehicle Manufacturing (IVM)
The first indigenous automaker, Innoson Vehicle Manufacturing (IVM) in Nigeria has been able to reduce its importation of foreign cars while encouraging domestic manufacturing. Our production plants require engineering expertise which cuts across mechanical as well as electrical engineers and more.
They need skilled and also semi-skilled workers as a result it gives job opportunities to many in the manufacturing sector. Finally, efficient production must require a well-coordinated supply chain and logistics operation – thus generating jobs for the youth. Moreover, with IVM continuing to grow its portfolio of products and manufacturing capacity, the need for skilled labour will also rise, creating more employment in the automotive industries which are vital to Nigerian industrial growth.
4. Nestle Nigeria
Nestle Nigeria, a division of Nestle Global is among the top companies in the fast-moving consumer goods (FMCG) sector. Nestle, with its well-known brands such as Maggi, Milo, and Nescafe in the food and drink sectors operates across manufacturing production lines and logistics distribution centers. Nestle has many facilities where jobs are produced from food processing to quality control and plant management.
A large sales force and marketing team are found to be necessary, producing some brand awareness and sales. Distributing efficiently through distribution networks is only possible when we have a highly skilled logistics workforce to reach every consumer in the country. Additionally, this is further enhanced by the fact that Nestle’s commitment to sustainability and local sourcing helps in job creation where more local farmers and suppliers are positively impacted while having an assured income.
5. Guaranty Trust Holding Company (GTCo)
Guaranty Trust Holding Company (GTCo), formerly known as Guaranty Trust Bank (GTBank) is a leading name when it comes to banking, admired for its innovative solutions and customer service. They actively hire experts to perform a variety of financial functions at GTCo including corporate finance, retail banking and investment services. With a career at GTCo — the trailblazing digital bank, you will want to be challenged if you are working in IT, software development, cybersecurity etc. In summary, the innovative banking solution of this company supports economic growth and induces indirect employment by helping businesses grow on their platform leading to enhanced financial inclusion.
Conclusion
These five companies are leading the way in job creation. They create employment opportunities, contribute their quota to economic growth when they expand operations and invest in multiple sectors which invariably helps facilitate a brighter future for Nigerians. The growth of these companies means more jobs for Nigerians and a growing economy which will translate into wider economic prosperity.
Written by Sarah Aboje
