The Chief Executive Officer of Moniepoint, Tosin Eniolorunda, says the company is struggling to fill about 500 vacancies, citing a shortage of qualified talent in Nigeria.
Eniolorunda made this known at an event in Lagos on workers day, warning that the gap between available talent and industry needs is widening.
He said: “We made a decision that we will no longer hire from any other place than Nigeria.
“If you go to Moniepoint career website, we have maybe 500 vacancies and we are struggling to find people to fill those roles.”
The CEO said the challenge goes beyond numbers, noting that many applicants do not meet required standards.
He said: “Not only could we not find people at the quality and the quantity we needed, the few people that we found were not up to the global standards that we need.”
He stressed that the company operates in a competitive global market and must recruit top-level talent to remain relevant.
He said: “We are not competing with just local players. I’m competing globally. I need to make sure that I have world-class people working in the organisation.”
Eniolorunda linked the shortage to structural issues, including weaknesses in the education system and shifting social values among young Nigerians.
He said: “I used to feel like Nigerians are really, really bright, but I’m beginning to feel like we need to do something.”
He added: “The level that people are reasoning in this country is not as high as it used to be.”
The fintech executive also pointed to the growing appeal of quick-money culture and internet fraud, warning that it is affecting long-term career focus.
He further identified migration of skilled workers, popularly known as “japa,” as a key factor driving the talent gap.
He said: “In a country of over 200 million people, there are many alternatives to becoming a ‘big boy’ or chasing quick money.”
Eniolorunda called for stronger investment in human capital development, urging stakeholders to promote sustainable career paths and better role models for young people.
