How To Discover The Labor Market And Get A Job Continues

Filed in Jobs by on January 28, 2019 0 Comments

That interested persons can now set up Microfinance banks with a N20million as the minimum capital base. These banks were setup to: provide diversified affordable and dependable financial services to the active poor; mobilize savings for intermediation, create employment opportunity, enhance organized systematic and focused participation of the poor; provide veritable avenues for the administration of the micro programmes of government and render payment services.

Oil and Gas. This industry is made up of companies that are engaged in all processes related to the licensing for oil & gas, prospecting, mining, transportation, sales refining and conversation to secondary means of energy. The industry is segmented into three major areas:

Upstream Sector (prospecting for Oil & Gas, production of Hydrocarbon for crude Oil & Gas); Downstream Sector (refining of Petroleum Products, Importation, Sales and Distribution); and Oil Service Sector (support prospecting & mining activities, engage in entire spectrum of Oil production). Key trends within this sector are driven by government’s strategy to increase local content participation (i.e. participation by Nigerian companies) to 45% and also the deregulation of the downstream sector.

The Upstream market is segmented into three company groups:

  1. Major Multinationals – Shell Petroleum Development Corporation (SPDC,) ExxonMobil, Chevron Texaco, Elf, Agip & Nigerian Liquefied Natural Gas (NLNG)
  2.  Other Multinationals – Addax, PanOcean, ConocoPhilips, Ocean Energy, Petrobras
  3. Locals-Conoil, Amni, Dubri

The Downstream market is segmented into:

  1. Trading Companies – Vitol, Glencore, Trafigura, Acradia, Sahara Energy, Addax, Mocoh, Petrodel/Aurora and Marca.
  2. Independent Marketers – Zenon Petroleum, Global Fleet, SPG, Le Global  Obat Oil, Honeywell, Ascon Oil, Phoenix, WABECO, IPMAN & MRS
  3.  Major marketers – Total, Oando, Mobil, AP, Texaco & Conoil

The oil service business market is segmented into two distinct groupings:

  1. Maultinationals – Schulmberger, Halliburton, BakerHughes, Saipem, B.J Services, Globalstar, Willbros e.t.c.
  2. Local/Indigenous companies- Global Energy, Nestoil, Tecon, Petrolog, Olidara, Drillog Petrodynamics etc.

Telecommunications: this market segment covers participants involved with communications in one way or another. This sector saw a huge growth in the last few years because of:

  1. The advent of the Global System for Mobile telecommunications (GSM). This brought about huge market consisting of five primary GSM companies (MTN, Zain, Globacom, Mtel & Etisalat) and a host of services providers. These services providers represent a job market that isn’t so visible to job seekers. These companies provide infrastructure that the major companies run on; such as masts, bandwidth, etc.
  2. Universal Access Service licensing era – the government in 2006 rolled out a policy that makes it possible for any telecoms company with this license to provide virtually all telecommunications services all over the country. Companies with the license thus far are listed further in the chapter.

Other companies within this sector are the private Telecomms Operators, which provide landlines, and internet services. Eg Multilinks Telkom, Starcomms, Intercellular, Zoomobile, Visa phone, etc.

Energy or power sector: Covers providers of energy or more simply put providers of light. This is a huge, rather untapped market. For now the major player is the state owned Power Holding Company of Nigeria (PHCN) formerly called NEPA and the government regulator NERC. Since inception, this segment has been a government is now resolute about liberalizing it, certainly this will cause it to become the next huge job market- even bigger than the GSM market! For this to happen, government instituted a number of reforms is to allow the private sector to run virtually all aspects of this industry comprises of power generation, transmission & distribution, and marketing.

Real Estate & Construction: with increased economic activity, comes an upsurge in Real Estate & Construction. People and organizations want to build their own houses. The cost of  doing this has made it difficult or impossible for many. But it is gradually getting easier for people to get money to finance real estate and as such there is an increase in activity in this segment – more jobs are opening! And as it is in other job segments, this sector will require technical and non-technical personnel.

Ports, Shipping & Freighting: this is an area opening up as well. In September 2004, the government of Nigeria initiated one of the most ambitious infrastructure concessioning programs ever attempted. By July 2006, 20 long –term port concessions had been awarded (with six more in progress); two new legislative acts governing the port sector were under final consideration by the National Assembly; an act establishing an independent regulators for all modes of surface transport had been drafted; and an awareness-building campaign to support the port sector reforms had been successfully carried out.

Branding & Advertisement: the need to advertise and brand increases as more and more organizations seek to differentiate their corporation image, products and services. This sector experienced a flury of activity with all the consolidation that went on in banking& insurance industries. Most advertising firms have also formed partnerships with foreign firms thereby internationalizing the practice of advertising in Nigeria. This collaboration also means that a lot of advertising personnel are moving around the globe

Tourism and Hotels: With democracy comes the blossoming of tourism and hotel business. There is a lot of movement of people from overseas into our country and also movement between commercial and tourism centres. That means most of the top hotels are in Lagos, Abuja and Port Harcourt. But a lot of state governments are beginning to attract more people to their states through a deliberate tourism strategy e.g Cross River State

Utilities and Infrastructure management: with government divesting from managing utilities and infrastructure this filed is growing by the day. Government is going into partnership with private companies for the construction and management of utilities and infrastructure.

These arrangements are usually under schemes known as BOT BOO, and BOOT. BOT (Build, Operate and Transfer) is a form of project financing, wherein  a private entity receives a concession from the private or public sector to finance, design, construct, and operate a facility for a specified period, often as long as 20 or 30 years.

After the concession period ends, ownership is transferred back to the granting entity. During the concession the project proponents is allowed to charge the users of the facility appropriate tolls, fees, rentals, and charges stated in the concession contract. This enables the project proponent to recover its investment operating and maintenance expense in the project.

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