The Chief Executive Officer of Moniepoint, Tosin Eniolorunda, has expressed concern over what he described as a widening talent gap in Nigeria’s workforce, revealing that more than 500 job positions within the company have remained unfilled since 2024.
Speaking on the development, Eniolorunda noted that despite the volume of applications received, many candidates have fallen short of the competencies required to meet global standards, particularly in a highly competitive fintech environment.
He attributed the challenge to a mix of social and cultural factors, pointing specifically to the growing influence of social media, as well as the rise of internet fraud, commonly referred to as “yahoo”, and hookup culture, which he suggested may be diverting focus away from professional development among young Nigerians.
According to him, the inability to source qualified talent locally is becoming a major concern for companies operating at an international level, raising questions about the readiness of Nigeria’s workforce to compete globally.
Brandspur Banking News Desk reports that the development comes amid increasing conversations around employability, skills acquisition, and the need for reforms in Nigeria’s education and training systems to better align with global industry expectations.
Industry analysts say the situation underscores a broader challenge within the country’s labour market, where a mismatch persists between academic qualifications and practical, job-ready skills required by employers, particularly in fast-growing sectors such as financial technology.
