First Bank and GTBank are ramping up their recruitment of tech talent as digital banking becomes more essential in Nigeria’s competitive financial sector. First Bank is actively hiring for multiple roles, including software developers, DevOps engineers, product designers, and quality assurance leads. While GTBank has not specified the roles it is hiring for, the recruitment comes after a prolonged core banking system upgrade that caused major disruptions for customers.
As digital banking adoption rises—70% of Nigerian customers now use mobile banking apps weekly—banks are investing heavily in technology to enhance user experience and maintain a competitive edge. With over ₦82 billion projected to be spent on core banking software, commercial banks are prioritizing tech hires to keep up with evolving customer needs. This demand has intensified competition for tech talent, as fintech companies like Moniepoint aggressively recruit top professionals from major banks.
To retain their tech teams, banks have taken drastic measures, such as GTBank doubling salaries in 2022 after multiple staff departures. Despite higher pay and job security, many tech professionals are drawn to fintechs for their flexibility, remote work options, and innovative work culture. The battle for top tech talent continues, with banks needing to adapt or risk losing out to more agile fintech competitors.
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