ASSBIFI Calls for Better Labor Standards in Nigeria's Financial Sector
1 report, 1 independent
Updated Oct 1
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What happened
The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) called on the Federal Government and employers to improve workers’ welfare and guarantee decent work across Nigeria. ASSBIFI expressed concern over the growing displacement of permanent employment by casual, contract, and outsourced jobs in the banking, insurance, and financial sectors.
From thesun.ng
Why it matters
The call addresses the changing nature of employment, noting that technological shifts like artificial intelligence and digitalization are transforming workplaces. The demand for better labor standards in the financial sector places pressure on regulatory bodies to enforce employment practices.
From thesun.ng
Who's involved
- NigeriaThe sovereign state where the labor standards advocacy took place.
- federal governmentThe central level of government charged by ASSBIFI to address labor issues.
- federal government of NigeriaThe government body called upon to enforce labor standards in the financial sector.
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The entities involved
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Nigeria
sovereign state in West Africa
Related events
- Institute conducts outreach in Nigeria.
- Ezenwa Nwagwu dedicated his life to the goal of building the nation of Nigeria.
- Peter Agada proposed an economic blueprint for Nigeria on October 11, 2026.
- Nigeria has recently been a location for large busts.
- The World Bank and IMF assessed Nigeria's macroeconomic stability, while Aliko Dangote was highlighted as a leading indigenous industrialist.