SO MUCH FOR 50,000 JOBS – Olajide Abiola
Dangote is the largest conglomerate in West Africa and one of the largest on the African continent with over 18 subsidiaries and presence in over 10 countries. Has revenue in excess of $4.1bn. The conglomerate has just a little over 30,000 employees.
First Bank is the biggest bank in Nigeria by total deposits and gross earnings. Operating a network of over 750 business locations across Africa, the United Kingdom and representative offices in Abu Dhabi, Beijing and Johannesburg set up to capture trade-related business between geographies. It has a total employee of about 8,000+
The Lagos State public sector is the largest employer of labour amongst the states in Nigeria. Nigeria’s largest state economy and the 5th largest economy on the African continent. The state’s public sector has a little over 100,000 in its employment.
Facebook and it’s Instagram and WhatsApp subsidiaries, with presence and field offices in many locations outside USA and an revenue of over $40bn (2017) has a little over 30,000 employees.
The Al-Futtaim group. One of the largest conglomerate in the Middle-East and perhaps the 2nd or 3rd largest in the UAE with billions of dollars in revenue has about 42,000 employees across the UAE, Middle East and the World.
The Koch industry is the second largest privately held company in the United States and the world. If it was a listed company, it would be the 17th largest in the world. The multinational employs 120,000 people in 60 COUNTRIES, with about half of its business in the United States.
How does Atiku’s companies employ about 50,000 people? Where? How? Which of the companies? How many staff does ABTI have? How many does his water company have? INTEL, his biggest company by way of revenue cannot boast of 2,000 staff. I doubt Atiku’s companies combined employs up to 10,000. The numbers do not add up at all. It is either he pays below minimum wage, doesn’t pay at all or must have a high number of staff redundancy. Do you even know the PAYEE taxes he’d have to remit to state governments on those 50,000? Per month? If Dangote, the largest conglomerate in the whole of West Africa, and one of the largest in the world, with numerous heavy industries to boast of employs only about 30,000, which of ATIKU’S businesses are that big that require such number of employees?