“We have 500 vacancies we cannot fill”— Moniepoint CEO laments over talent gap

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.”

“I used to think intelligence is equally distributed across the world, but I now realize that environment plays a massive role. Factors like excessive social media consumption, shifting values, hookup culture, and yahoo yahoo culture are seriously affecting how young people think. The level of reasoning among many people today is not as high as it used to be.”

Eniolorunda stressed the need for urgent intervention to improve human capital development.

His remarks echo earlier concerns raised by industry leaders in 2023 about Nigeria’s widening digital skills gap, despite increasing youth population and tech adoption.

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