The Chief Executive Officer of Moniepoint, Tosin Eniolorunda, has raised concerns over a growing shortage of skilled professionals in Nigeria, revealing that about 500 positions in the company remain vacant.
Eniolorunda made the disclosure while speaking at an event, noting that the firm has struggled to find qualified candidates despite prioritising local recruitment.
According to him, the company had taken a deliberate decision to focus on hiring Nigerians but has encountered difficulties in attracting talent that meets its standards.
“We have hundreds of vacancies, but filling them has been a major challenge,” he said, adding that both the quality and quantity of applicants have fallen short of expectations.
The CEO explained that the firm operates in a highly competitive global environment, which requires a workforce with world-class capabilities to remain relevant.
“We are not just competing locally; we are up against global players, and that demands top-tier talent,” he added.
Eniolorunda attributed the talent gap to structural challenges, including weaknesses in the education system and shifting societal values among young people.
He also expressed concern over the growing attraction to quick-money ventures, particularly internet fraud, which he said is affecting career focus and long-term professional development.
In addition, he identified the continued migration of skilled workers, popularly referred to as “japa,” as a major contributor to the shortage.
The Moniepoint boss called for increased investment in human capital development, urging stakeholders to promote sustainable career pathways and provide positive role models for the youth.
He stressed that with Nigeria’s large population, there are ample opportunities for young people to pursue legitimate and rewarding careers.
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