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NECA DG Declares Private Sector as Nigeria’s Top Job Creator

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Private sector employment Nigeria leads job creation, says NECA DG Adewale Oyerinde, highlighting broad economic impact beyond direct employees

Private sector employment in Nigeria remains the nation’s dominant source of jobs, according to Adewale Oyerinde, Director-General of the Nigeria Employers’ Consultative Association (NECA).

Alo read: ESG in Nigerian Business Moves Forward with NECA’s Bold Initiative

In an interview aired on Channels Television on Tuesday, Oyerinde dismissed the long-held belief that the government is the country’s largest employer.

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“It is an error to think that the government is the biggest employer in Nigeria. I don’t agree with that,” he said.

Oyerinde asserted that the private sector drives job creation, not only through direct employment within companies but also across expansive value chains, including suppliers, distributors, and logistics partners.

Using the example of a manufacturing firm with 50,000 employees, he noted that shutting such a factory would ripple through the economy—potentially affecting another 100,000 to 150,000 indirect jobs.

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“At the back end, you have suppliers, and at the front end, distributors. When a factory closes, it’s not just direct staff who suffer — the entire ecosystem takes a hit,” he explained.

Despite mounting operational challenges such as high energy costs, policy instability, and inflation, Oyerinde emphasised that the private sector continues to bear the brunt of job creation in Nigeria.

NECA, founded in 1957, has long served as the voice of employers in Nigeria’s organised private sector, representing businesses that collectively sustain millions of jobs across industries.

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Official figures reveal that the Federal Government employs around 720,000 civil servants, according to the Bureau of Public Service Reforms.

Lagos State alone employs about 120,000 civil servants, with other states and local governments contributing additional numbers.

However, consolidated national data remains unavailable, and these public sector roles pale in comparison to the employment power of the private sector when value chain jobs are considered.

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Oyerinde’s remarks come at a time when Nigeria faces rising unemployment and companies continue to exit the market due to an unfavourable business climate.

Also read:AstraZeneca’s Q2 Profit Growth Surges 27% Driven by US Market Expansion

He urged the government to partner more deliberately with the private sector to stabilise the economy and reduce job losses.

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Adeboye Ordered Refund of Billions in Illicit Donations, EFCC Reveals

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The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, ordered the refund of billions of naira donated towards a church project after the funds were traced to proceeds of financial crime, the Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has disclosed.

Olukoyede said Adeboye directed the immediate return of the money within 24 hours after the church was informed of the findings of the commission’s investigation.

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The EFCC chairman made the disclosure while addressing RCCG workers in the early hours of Saturday, November 7, during a meeting organised ahead of the church’s annual Holy Ghost Congress.

According to Church Times Nigeria, which reported the development, Adeboye had invited Olukoyede to speak to the workers on financial propriety, accountability and the importance of maintaining transparent financial records.

Recounting the incident, Olukoyede said a church member had donated billions of naira towards an RCCG project, but investigations by the commission later established that the money originated from financial crime.

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He said the church was alerted to the findings, following which Adeboye ordered that the donation be returned.

Olukoyede commended the cleric for responding promptly and directing the refund within 24 hours of receiving the information.

However, the EFCC chairman did not disclose the identity of the donor, the exact amount involved or the particular church project for which the donation was made.

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The anti-graft agency chief expressed concern over cases involving religious leaders and financial misconduct, including questionable transactions and allegations relating to contracts for church projects.

He warned church workers and religious leaders against accepting donations from individuals whose sources of wealth had not been properly established.

Olukoyede, who is also an ordained pastor, stressed that religious institutions must not become channels through which proceeds of crime are concealed or given legitimacy.

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He also recounted a separate case involving another church allegedly connected to a Ponzi scheme.

According to him, the church leader initially resisted the EFCC’s intervention but later refunded a substantial amount after the commission threatened to institute legal proceedings.

The EFCC chairman said the commission would not spare individuals involved in financial crimes because of their religious positions or affiliations.

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He further cautioned RCCG workers against excessive materialism, unhealthy competition and struggles for leadership positions, warning that such tendencies could encourage financial misconduct.

Olukoyede also raised concerns about reports of individuals allegedly offering bribes to secure leadership positions within the church.

He urged pastors to exercise due diligence before accepting donations, insisting that they should establish how contributors made their money rather than focus solely on the size of their financial commitments.

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In his response, Adeboye reportedly assured the EFCC chairman that the church would not protect anyone found involved in financial wrongdoing.

The cleric also urged RCCG pastors to maintain accurate financial records and ensure that their activities were free from corruption.

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