Banking is a highly competitive, profit-driven sector that directly contributes to national GDP and financial infrastructure. Bankers handle large sums of money, financial risks, investment portfolios, and client relationships, often working long hours under pressure. Due to the profit-oriented nature of their job, their salaries are typically performance-based and market-driven.
Teaching, on the other hand, is typically seen as a social service or public good, funded mostly by government or tuition. The structure of educational institutions, especially in Nigeria, does not produce direct revenue in the same way banks do. Comparing both sectors solely based on moral or societal value overlooks the economic realities and sustainability of their financial models.
Moreover, while teachers are essential, not all deliver at the same level of effectiveness. Many public school teachers in Nigeria are underperforming due to a lack of motivation, supervision, or qualifications. Until the education system is reformed and professional standards raised, simply increasing teacher salaries may not yield the expected transformation. Compensation should align with productivity and measurable outcomes.