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FÁBÒÁDÉ, Olúwápèlúmi S.
@TheChef_Fabs
Son of I AM || Futurist || Global Leader || Perspective Thinker || Administrator & Manager
Akure, Nigeria
Joined February 2018
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@noblebl88d 150 million is a very generous number, lol
When you read the analysis, you would ask if we have up to 50 million
The outcry against @moniepoint's CEO, @Eniolorunda, has been "Nigeria has over 200 million people; how can you not find 500 tech talents?"
Most people like to throw this number around without thinking through the reality on the ground, which I show with the following numbers.
I have followed with rapt attention the discourse that followed my conversation at the Platform Nigeria on May Day. The stark reality is this - opportunities are few and far between, unemployment/underemployment is high and sadly there are too few employers for a huge market such as ours, at least when compared to other markets such as China, India that have similar youth bulge.
We Nigerians are some of the most hardworking and gritty people in the world.
But we must tell ourselves the truth. Nigeria currently doesn’t have enough highly skilled technical talent resident in Nigeria to build companies that can scale globally.
Interestingly, I have also read a lot of employers double down and agree with my current diagnosis around our country’s technical talent pipeline gap and confirmed it is true. Former Minister, Kemi Adeosun also referenced Africa’s richest man, Alhaji Aliko Dangote comments around finding the right quality and quantity of talents for his refinery project.
Let me ask a hard question - can we say that Nigeria has enough highly skilled technical talent still resident in Nigeria? That's a huge conundrum that any organization that wants to maintain market leadership must solve for.
How many engineering executives do we have remaining in Nigeria that lead a payments team that handles payments infrastructure processing tens millions of transactions daily without fail?
How many senior data scientists do we have in Nigeria that can create data models to appraise millions of customers while managing prudent NPLs?
How many senior growth executives in Nigeria have the experience of growing a digital apps towards acquiring 80k customers a day through digital and offline channels while maintaining prudent CACs?
It is important to note that this is not about Nigerians generally, this is about senior Nigerian talents still resident in Nigeria.
Nigeria is not producing enough high quality senior technical talent and the little we have are emigrating.
I can explain these to be that Nigeria does not have too many feeder industries across the board. As such, there are fewer starter companies that young talent can come from to feed into senior roles in other companies. Every one then ends up fighting for the same pool of senior leaders that have experience and bandwidth to deliver and win in the market.
The effect of the Japa wave has been very well chronicled and I must add that this has been a trans-generational challenge. Remember that time in the early 80s where a lot of our medical professionals left for places like Saudi and the UAE? As at March 2024, Nigeria had lost around 16,000 medical doctors to other countries, most especially the US and the UK.
The quality of technical education is also falling as our standard of education is lagging behind global counterparts.
Can we say we have enough senior technical talent in Nigeria to compete with global competition especially China? But Moniepoint, Dangote, Flutterwave, LemFi are competing with them.
Training young talents can fill the gap for the future but is inadequate for today. Companies need senior talent and cannot wait the eight to ten years needed to get them to senior levels to compete.
In training young talent, Moniepoint has seen a lot of bright spots through our various interventions that are aimed at deepening the talent pool. So we are indeed doing something about improving talent density for the ecosystem. Through our DreamDevs programme, which is in its second year, we're training talented young engineering graduates with the skills they need to enter the workforce as top talent. We have supported the government's 3MTT agenda as well as a partnership with Unilag’s NITHUB to push the HatchDev initiative. Our Women in Tech internship programme, which now in its sixth year, provides women with the access, training and opportunities they need to build careers in tech. I also personally have a scholarship program for STEM students across select Nigerian universities in every geo-political zone.
Competing globally also means that you spend top dollars to retain top Nigerian talents that you have nurtured. We routinely retain Nigerians that emigrate and pay them according to their local market standards.
A recent example is an exceptional first class graduate we nurtured through our women in Tech program and had to go to school just as a path to emigrate and we had to retain abroad and offer an alternative naturalization path for her.
Moniepoint has over 3,500 full time employees with over 90% Nigerian talents, and we’re growing 20% YoY. We’d love a world where this is at 99% while building for the world.
Self deception isn’t a virtue and we must tell ourselves the home truth - we need to raise the quantity and quality of our technical talents resident in Nigeria to compete. No organization can rise above the quality of its output and execution is everything in this game.
Nigeria will be great. Let’s all do the work together.
By the way, top tech talents still resident in Nigeria, we need you badly. We pay above market rates and you will make real impact. Please apply here: https://t.co/hrBbhCWj1k
For top Nigerian talents out of the country, we hire out of the UK, Portugal, Spain, India and Pakistan. Also apply, we are building digital banking infrastructure that provides financial happiness for emerging markets.
The outcry against @moniepoint's CEO, @Eniolorunda, has been "Nigeria has over 200 million people; how can you not find 500 tech talents?"
Most people like to throw this number around without thinking through the reality on the ground, which I show with the following numbers.
@hackSultan https://t.co/2GBQOFlJV5
The outcry against @moniepoint's CEO, @Eniolorunda, has been "Nigeria has over 200 million people; how can you not find 500 tech talents?"
Most people like to throw this number around without thinking through the reality on the ground, which I show with the following numbers.
Pardon your en & em dashes. This is far too worded to say nothing.
The only truth here is "Nigeria is not at peace".
Every other claim is a lazy attempt to "subvert" the truths and no amount of press releases and paragraphs can succeed in doing that.
If the troops are not underpaid, under-fed and ill-armed, the testament of a critic going public cannot demoralize or demotivate them. It would simply be absorbed as a joke.
If someone posted that same video and claimed it was what the US troops feasted on, no one will bat an eye, cause the joke is dead on arrival.
Obviously, it is an issue of national concern, because it raises serious questions around accountability; the welfare of the frontline soldiers (especially in a time where Nigeria is not at peace), the rot in the system that paves way for poor welfare, and the villainy of the characters who oversee these cancerous system.
And bringing this bit into this particular context..."Isolated welfare lapses exist in every army - including the US, UK, and Russia..." The only explanation is AI.
#freejusticecrack #justiceforjustice
@EleluAyoola https://t.co/2GBQOFlJV5
The outcry against @moniepoint's CEO, @Eniolorunda, has been "Nigeria has over 200 million people; how can you not find 500 tech talents?"
Most people like to throw this number around without thinking through the reality on the ground, which I show with the following numbers.
@Mario9jaa When you say "the whole Nigeria" most of you actually need to follow real statistics to know that what he said is factually possible. I did a break down here:
https://t.co/2GBQOFlJV5
The outcry against @moniepoint's CEO, @Eniolorunda, has been "Nigeria has over 200 million people; how can you not find 500 tech talents?"
Most people like to throw this number around without thinking through the reality on the ground, which I show with the following numbers.
@ennyola0015 Very valid point, we need more programmes to drive up the viability of the talents we have...
More data about our talent market here:
https://t.co/2GBQOFlJV5
The outcry against @moniepoint's CEO, @Eniolorunda, has been "Nigeria has over 200 million people; how can you not find 500 tech talents?"
Most people like to throw this number around without thinking through the reality on the ground, which I show with the following numbers.
@IgumaScott The numbers also back it up...
https://t.co/2GBQOFlJV5
The outcry against @moniepoint's CEO, @Eniolorunda, has been "Nigeria has over 200 million people; how can you not find 500 tech talents?"
Most people like to throw this number around without thinking through the reality on the ground, which I show with the following numbers.
@Timidey4you The numbers also show the reality
https://t.co/2GBQOFlJV5
The outcry against @moniepoint's CEO, @Eniolorunda, has been "Nigeria has over 200 million people; how can you not find 500 tech talents?"
Most people like to throw this number around without thinking through the reality on the ground, which I show with the following numbers.
@neo_officialll And there is data to actually tell that he is not wrong...
https://t.co/2GBQOFlJV5
The outcry against @moniepoint's CEO, @Eniolorunda, has been "Nigeria has over 200 million people; how can you not find 500 tech talents?"
Most people like to throw this number around without thinking through the reality on the ground, which I show with the following numbers.
@OgbeniDipo Again, people don't want the truth and they don't see beyond the numbers
https://t.co/2GBQOFlJV5
The outcry against @moniepoint's CEO, @Eniolorunda, has been "Nigeria has over 200 million people; how can you not find 500 tech talents?"
Most people like to throw this number around without thinking through the reality on the ground, which I show with the following numbers.
The outcry against @moniepoint's CEO, @Eniolorunda, has been "Nigeria has over 200 million people; how can you not find 500 tech talents?"
Most people like to throw this number around without thinking through the reality on the ground, which I show with the following numbers.
@RealAdeshina The breakdown of public opinion on what he said
https://t.co/2GBQOFlJV5
The outcry against @moniepoint's CEO, @Eniolorunda, has been "Nigeria has over 200 million people; how can you not find 500 tech talents?"
Most people like to throw this number around without thinking through the reality on the ground, which I show with the following numbers.
@OgbeniDipo Thank you sir!!
I did a break down of some numbers here for Nigerians to see
https://t.co/2GBQOFlJV5
The outcry against @moniepoint's CEO, @Eniolorunda, has been "Nigeria has over 200 million people; how can you not find 500 tech talents?"
Most people like to throw this number around without thinking through the reality on the ground, which I show with the following numbers.
get a high volume of quality talent that most people imagine they will get because of the number of the population.
This is the reason why there has been a surge in the number of graduate trainee programs from companies: to increase the pool of viable talents.
The outcry against @moniepoint's CEO, @Eniolorunda, has been "Nigeria has over 200 million people; how can you not find 500 tech talents?"
Most people like to throw this number around without thinking through the reality on the ground, which I show with the following numbers.
basic digital skills currently in Nigeria, we wouldn't have enough to go round, yet the average person thinks Nigeria has over 200M people when it comes to work.
With this perspective, you can tell that large businesses will actually really struggle to
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