Economic Policy Analyst Job Vacancy in Abuja, Nigeria – Government – Central Banking

Job Description

Position: Economic Policy Analyst

Company: Central Bank of Nigeria

Location: Abuja, Nigeria

Experience: 5-7 years of experience in economic analysis, policy formulation, and macroeconomic research

Education: Master’s degree in Economics, Finance, or related field

Employment Type: Full-time

Industry: Government – Central Banking

Department: Economic Research & Policy

Salary: NGN 2,500,000 – NGN 3,500,000 per annum

Vacancies:1

Company Overview

The Central Bank of Nigeria (CBN) is the apex monetary authority responsible for maintaining price stability, fostering a sound financial system, and promoting sustainable economic growth across the nation. As a pivotal institution in Nigeria’s financial architecture, CBN plays a critical role in shaping monetary policy, regulating banking operations, and ensuring the stability of the national currency. With a legacy of over six decades, the bank continuously seeks to attract top talent to support its mission of driving inclusive economic development. This position offers a unique opportunity to contribute to national policy formulation while working within a dynamic, research‑focused environment. Candidates will be part of a team that influences macro‑economic strategies, supports financial inclusion initiatives, and collaborates with international partners, making it an ideal platform for professionals seeking impactful career opportunities in Nigeria.

Job Overview

The Economic Policy Analyst will join the Economic Research & Policy Department to provide rigorous analytical support for the formulation, evaluation, and implementation of monetary and fiscal policies. The role involves conducting macro‑economic research, preparing policy briefs, and delivering data‑driven insights to senior leadership. The analyst will also engage with external stakeholders, including government ministries, international financial institutions, and academia, to ensure that CBN’s policy framework aligns with global best practices. For more details, visit Nigeria Job Search. This position is a key component of the bank’s commitment to hiring in Nigeria and expanding career opportunities for skilled economists.

Key Responsibilities

• Conduct comprehensive macro‑economic analysis covering inflation trends, exchange rate dynamics, and fiscal sustainability.
• Develop policy briefs, research papers, and presentations for senior management and external audiences.
• Monitor and evaluate the impact of monetary policy decisions on financial markets and the broader economy.
• Collaborate with the Financial Stability Department to assess systemic risks and propose mitigation strategies.
• Engage with international organizations such as the IMF and World Bank to align Nigeria’s policy framework with global standards.
• Provide data‑driven recommendations for regulatory reforms and financial inclusion initiatives.
• Maintain and update economic databases, ensuring data integrity and accessibility for cross‑departmental use.
• Support the preparation of annual reports, economic forecasts, and budgetary submissions.

Required Skills

• Advanced quantitative and qualitative analytical abilities.
• Proficiency in statistical software (e.g., Stata, EViews, R) and data visualization tools.
• Strong written and verbal communication skills for drafting policy documents and presenting findings.
• Ability to synthesize complex economic concepts into actionable policy recommendations.
• Experience in stakeholder engagement and collaborative research.
• High level of integrity, confidentiality, and professionalism.

Education

A Master’s degree in Economics, Finance, Public Policy, or a closely related discipline is required. Candidates with a Ph.D. are highly desirable, especially those with a focus on monetary economics, development economics, or financial stability.

Experience

Applicants should possess 5‑7 years of relevant experience in economic research, policy analysis, or a similar role within a central bank, international financial institution, think‑tank, or academia. Demonstrated experience in macro‑economic modelling, policy impact assessment, and publication of research findings is essential.

Salary

The remuneration package ranges from NGN 2,500,000 to NGN 3,500,000 per annum, commensurate with qualifications and experience. The package includes performance‑based bonuses, pension contributions, and health insurance.

Benefits

• Comprehensive health and life insurance coverage.
• Retirement savings plan with employer contributions.
• Annual performance bonus linked to individual and institutional targets.
• Paid annual leave, sick leave, and public holidays.
• Professional development allowance for certifications and conferences.

Training

• On‑boarding program covering CBN’s policy framework, systems, and compliance standards.
• Continuous learning opportunities through workshops, seminars, and partnerships with leading research institutions.
• Access to internal knowledge portals and external academic resources.

Working Environment

The role is based in the modern headquarters of the Central Bank of Nigeria in Abuja, offering a collaborative, research‑oriented atmosphere. Employees benefit from state‑of‑the‑art facilities, a supportive leadership team, and a culture that values innovation, integrity, and public service. Flexible working arrangements are available to promote work‑life balance while maintaining the high standards expected of a premier financial institution.

Application Process

Interested candidates should submit an online application through the Central Bank’s career portal, attaching a detailed CV, a cover letter outlining relevant experience, and copies of academic certificates. Applications will be screened by the HR recruitment team, followed by a two‑stage interview process comprising a technical assessment and a competency‑based interview. Shortlisted applicants will be notified via email within two weeks of the application deadline.

Equal Opportunity Statement

The Central Bank of Nigeria is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, ethnicity, religion, disability, or sexual orientation. Our recruitment practices are designed to ensure fairness and transparency, supporting the broader goal of equitable employment in Nigeria.