Moniepoint CEO Reveals Why 500 Jobs Remain Vacant in Nigeria

Moniepoint CEO Tosin Eniolorunda has blamed social media, online fraud, and “hook-up” culture for Nigeria’s growing talent shortage.

Speaking at 'The Platform Nigeria' event on May 1 at The Covenant Place, Iganmu, Lagos, Eniolorunda said his company has struggled to fill more than 500 roles since 2024 despite hiring only Nigerian talent.

“I used to think Nigerians were really bright,” he said. “We’ve had over 500 vacancies since 2024 and we’re still struggling to find Nigerians to fill them. They don’t meet global standards. I blame social media, yahoo and hook-up culture.”

Moniepoint is one of Nigeria’s biggest fintech firms. Eniolorunda said the gap between available jobs and skilled workers is hurting growth.

His statements have triggered divided opinion online. Some Nigerians agreed, saying the chase for quick money and social media clout is pushing young people away from building real skills. They pointed to the rise of “Yahoo Yahoo” scams and transactional relationships as proof of changing values.

But others pushed back, saying that the problem runs deeper than culture. They blame Nigeria’s weak education system and poor infrastructure.

The debate comes as companies across Nigeria report similar hiring problems. Employers say they want local talent but can’t find candidates with the right training or work ethic.

Eniolorunda’s remarks have renewed calls for both government and private firms to invest more in education, digital skills, and job creation. For now, the talent gap remains a major challenge for Nigeria’s tech sector.

🎥 Credit: Channels Television

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