Barring any unforeseen circumstances, there are positive indications for job growth as well as employment opportunities across multiple sectors by the end of this month, the latest Business Expectations Survey (BES) report by the Central Bank of Nigeria (CBN) revealed.
The Business Expectations Survey (BES) is a monthly survey of leading firms drawn from Business Establishment updated frames of CBN and the National Bureau of Statistics (NBS), providing advance indication of change in the overall business activity in the economy.
According to the apex bank, the January 2025 Business Expectations Survey (BES) was conducted from January 13 to 17, 2025 with a sample size of 1,900 business enterprises across Nigeria and the survey achieved a response rate of 99.7 per cent, covering three key sectors: Industry, Services, and Agriculture.
Whilst noting that the overall confidence index (CI) on the macro-economy indicated that businesses were optimistic in January 2025, the apex bank stated that economic activities expanded for the second consecutive month.
This ongoing expansion suggests that the positive employment outlook from the January 2025 survey may be materializing, leading to respondents expressing optimism on volume of business activity for the next month and subsequent periods under review.
