Moniepoint Boss Highlights Major Struggle To Find Local Talent

The founder of Moniepoint, Tosin Eniolorunda, has triggered a massive online debate regarding the scarcity of skilled workers in Nigeria. Despite having hundreds of available roles, the fintech leader revealed that his company is struggling to find staff who meet international requirements.

Speaking about the firm’s recent strategy, Eniolorunda explained that the business tried to focus exclusively on local hiring during 2024. However, the results were disappointing, leading him to admit that the company “chopped the cane” by 2025. Currently, the firm has roughly 500 job openings that remain unfilled because applicants often lack the necessary expertise. Eniolorunda noted that the few candidates they did find were simply “not up to the global standards” required to compete with international rivals.

The tech executive believes that the fintech sector faces a crisis rooted in the national education system and changing social priorities. He expressed a deep worry that the country’s general intelligence levels may be declining due to a lack of focus on rigorous development. Eniolorunda also blamed the negative influence of social media trends and a “get rich quick” mentality for distracting young people from pursuing professional excellence.

While the founder of Moniepoint offered a harsh critique, he insisted that Nigerians still possess great natural potential. He argued that the nation must urgently invest in its human capital and address the ongoing brain drain to remain competitive. By highlighting these job openings, he hopes to encourage a shift in mindset that prioritises hard work and high-level skills. Ultimately, he believes that changing this mentality is the only way for the local workforce to meet the demands of the modern global market.

Do you agree with the view that social media and local education are the primary reasons for the talent gap in the Nigerian tech space?