The Chief Executive Officer of Moniepoint, Tosin Eniolorunda, has raised concerns over a growing talent gap in Nigeria, revealing that the company is struggling to fill about 500 vacancies due to a shortage of candidates who meet global standards.
He made this known while reflecting on the firm’s hiring policy and workforce challenges between 2024 and 2025.
According to him, the company had initially committed to hiring exclusively within Nigeria in 2024, but was forced to reconsider after encountering difficulties in sourcing qualified professionals capable of competing internationally.
“In 2024, we made a firm decision at Moniepoint to hire only from Nigeria. But in 2025, we faced serious challenges. We currently have around 500 vacancies that we are struggling to fill, not just in terms of quantity but especially in quality. We could not find enough people who meet the global standards required to compete internationally,” he said.
“I used to think we have really bright talents in Nigeria but I now know they’re not up to the global standards,” Eniolorunda added.
He also referenced concerns about social behaviours such as internet fraud culture, popularly known as “Yahoo Yahoo,” and a rising preference among some youths for fast earnings over long-term professional development.
Despite the criticism, Eniolorunda maintained that Nigerians still have potential, urging a reset in values and investment in human capital. “We have it in us, all we just need to do is develop our human capital and change this mentality,” he said, while also pointing to brain drain as a major challenge.
The remarks quickly sparked heated reactions across social media, with many Nigerians pushing back against the claims and questioning whether the issue is truly about skills or working conditions. Others compared Moniepoint’s claims to broader employment realities in Nigeria’s private sector, suggesting that many companies expect global-level output while offering local-level pay.
Adding to the backlash, a former Moniepoint worker publicly called out Eniolorunda on X, claiming he worked at the company for three months before resigning and that his experience did not reflect the company’s public image. “I did three months with Moniepoint and resigned… I resigned and I’m not proud enough to have it on my CV,” he wrote, also raising concerns about what he described as a disorganised hiring process within the company.
