The Chief Executive Officer of Moniepoint, Tosin Eniolorunda, has sparked debate after stating that Nigeria currently lacks sufficient skilled talent to fill hundreds of senior technical roles within the company.
Speaking on May 1 at The Platform Nigeria, Eniolorunda revealed that the fintech firm made a strategic decision in 2024 to recruit exclusively from within Nigeria. However, despite this commitment, the company has reportedly been unable to fill approximately 500 open positions, largely due to a shortage of qualified senior-level technical professionals.
Eniolorunda attributed the gap to several systemic challenges, including weaknesses in the country’s education system, the impact of social media on focus and learning, and broader cultural trends that he suggested may be affecting critical thinking and problem-solving skills. At the same time, he acknowledged the resilience and drive of Nigerian workers, noting that many possess a strong entrepreneurial spirit and determination to succeed.
His remarks have triggered mixed reactions across the tech and business communities. Critics argue that the issue may not solely be about talent availability, but could also involve factors such as compensation, hiring standards, and workplace conditions. Some have questioned whether companies are offering competitive salaries and growth opportunities necessary to attract and retain top talent.
Others, however, say the comments reflect a real and growing challenge for Nigeria’s fast-expanding technology sector. Industry observers point to the ongoing migration of skilled professionals to opportunities abroad a trend often referred to as “brain drain” as a contributing factor to local talent shortages.
Supporters of Eniolorunda’s position emphasize the need for long-term investment in education, skills development, and mentorship. They argue that strengthening training programs and providing better role models within the industry could help bridge the talent gap and support the growth of indigenous companies.
As discussions continue, the issue highlights the tension between rapid industry expansion and the availability of highly skilled professionals, raising broader questions about how Nigeria can build and sustain a competitive digital economy.
