During 80s Most Banks if not all were using ledgers. No computers, No ATM, No Fax machines, No Scanner, and No CCTV Cameras.
It is very suprising how things have turned around so fast. Between year 2000 and 2006 the banking and finance sector was at its peak in Nigeria.
People were employed because lots of bank and financial houses were opening up at every available commercial space in the Cities.
It was so fascinating that one saw lots of people coming back from abroad to pick local banking jobs because it was well paying and most of the new technologies and software need people who have pre knowledge to operate on them.
But what we have today isn't anyway near what we used to have during that period we have mentioned.
It could be argued that the 2007 global recession contributed to the downsizing as well as liquidation of some banks. But the evolution in technology have more roles in the huge reduction in the number of people employed by this sector.
In today's banking world one can do virtually every transaction on the nearest ATM at any time of the day as long as the ATM is fully or partially functional depending on the kind of transaction.
The introduction of internet banking and mobile banking has also cost lots of people their jobs. Though this brings convenience and saves time but it is rapidly costing lots of people their jobs.
RPI......Rethink, Rebirth, Rebuild.
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