Moniepoint CEO Raises Alarm Over Talent Shortage, Says 500 Vacancies Remain Unfilled

Nigeria’s booming fintech sector has been thrown into fresh controversy after Tosin Eniolorunda, CEO of Moniepoint, revealed that his company is struggling to fill over 500 job vacancies due to a shortage of qualified talent.

Speaking at a recent industry event in Lagos, Eniolorunda disclosed that despite a deliberate strategy to hire locally, the company has been unable to find candidates who meet its global standards of competence and experience. 
“We have maybe 500 vacancies and we are struggling to find people to fill those roles,” he said, adding that even the few candidates available often fall short of expectations required to compete internationally. 

The revelation has reignited concerns about Nigeria’s widening skills gap, particularly in high-level technical roles. Industry observers point to factors such as brain drain, weak education systems, and limited advanced training pipelines as key contributors to the problem. 

Ironically, the development comes amid high unemployment rates in the country, highlighting a growing mismatch between available jobs and employable skills. Experts warn that unless urgent reforms are made in education and workforce development, Nigeria risks losing its competitive edge in the global digital economy. 

However, the CEO’s remarks have also sparked backlash online, with many Nigerians arguing that the issue may not only be about talent, but also hiring standards, compensation, and workplace expectations. 

As the debate intensifies, one thing is clear: Nigeria’s tech ecosystem may be growing rapidly, but without world-class talent to match, its full potential could remain out of reach.

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