BLESSING IN DISGUISE

THE rank of unemployed Nigerians has swollen as over 3500 bank workers have been shown the way out within the first quarter of this year. According to the various bank managements, the recent personnel cut is aimed at cutting costs, shoring up performance, opening opportunities for new hands and enhancing service delivery.Since the completion of business combination between Access Bank and Intercontinental Bank; Ecobank and Oceanic Bank International; First City Monument Bank (FCMB) and Finbank; with the emergence of Access Bank, Ecobank and FCMB as core investors having consumed the three others, thousand of workers in the sector have been laid off.The conclusion of the mergers marked the end of recapitalization process, the Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi embarked upon since August 2009. Within the last few days, Nigerians have been inundated with reports of retrenchment in the nation’s banking sector. While Access Bank sacked 1,110 in January, Ecobank relieved over 1,850 of their jobs. Similarly, Enterprise Bank offered 140 staff whose performance fell below the satisfactory level an option to resign or be thrown out. Perhaps, this is  blessing in disguise. This is the time to look inwards and perhaps become CEOs. We have too many challenges that are begging for Solutions. In am not making jest of anyone. Perhaps, it is time to chase that dream, go on that vacation, go back to school, pursue your passion. Every misfortune is a blessing in disguise.Meanwhile, the ongoing mass sack in the nation’s banking sector has thrown the industry and Nigeria as a whole into a worse situation than it has faced, following the level of unemployment in the country, as most job seekers are by this reform worried about applying for jobs in the banking sector.Angered by the disengagement of staff, who were already out of the row of job seekers, many youths in the state have lamented the unfortunate reforms process that has added more ‘salt to injury’ and called on government’s immediate intervention in ensuring that the welfare of citizens are adequately taken care of, as no government would prefer to fold its arms and allow injustices being meted out on its citizens.

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