I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why - Career (3) - Nairaland
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| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Bluntemperor: 12:00pm On May 06*. Modified: 1:10pm On May 06 |
IyaTola:Beautiful Rendition, Ma'am 👍. Many Nigerians -are Social Media Servy but Not Skillful in their Professional Callings and that is, - Why DANGOTE, MONIE POINTS CEO and Other Leaders are Shouting ! • FOR Global Competition and SKill -Competition Is Now World -Wide And Nigeria Cannot Be Left Behind! If you are good, Employers Will Look For You Anywhere in the World 🌍, Not limited to Nigeria ,For China and Indian - are Already Moving in this Direction! • For Example - Ukrainians Have Proved that They Are Skilful and Smart 🤓 in the Art Of War Against the Russian Giants and that is Why They ( Ukrainians) Continue to have an Upper band in this War that General Putin thought - in three Months,it is Over ' Special Operations ' Indeed! • NIGERIAN Government , - Must Redirect Education in Practical SKILLS Ability -e.g Technical and Technology Prowess - Should Be The Aim in Our Universities and Technical Colleges. • For Example , - last Year,We Saw How American University - was Supervising Groups Of Students - Laying Blocks and Doing Practical Field Works- and Building Houses - With Different Shapes and Sizes and that is the Way to go! • Engineering 🚂 -Practices Should Be on the Field Not Offices. *We Need Total Overhaul Of Nigeria Educational System to Adapt To Practical Field Works and this should include: Agriculture, Building Technology, Space Engineering 🌌 🚀,etc. •But Real Funding ( Money 💰) Must Accompany this, - With Strict ACCOUNTABILITY - without Excuses because of Corruption! Govt- ( Federal, STATES and Local Govts) - SHOULD BE MORE PROACTIVE AND STOP BEING LAZY, FIR THEY HAVE HUGE MONEY 💰 IN THEIR ACCOUNTS,FOR EVEN IN EDUCATION And Agriculture Development -WE CAN FEED AFRICA 🌍 AS A CONTINENT. JUST FACTS AND TRUTH 🥵 |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by hosemujica: 12:12pm On May 06 |
I agree with him too. If you have not employed at least 5 Nigerians at any level, even as a cook or cleaner then you cannot fully understand this topic. An average Nigerian employee is just interested in how much he’s getting paid . Most of them cares less about the job description or how to move the business forward. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Oyindamolah: 12:14pm On May 06 |
But saying “they should have invited me first” assumes companies hire based only on years of experience and that’s not always how recruitment works. Sometimes it’s your CV formatting, keywords, certifications, how your experience is presented, or even internal hiring preferences. And to be fair, applying three times and getting the same response might be a sign to review the application strategy rather than conclude they’re sleeping. IamANigerianMan: |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Oyindamolah: 12:15pm On May 06 |
hosemujica:FACT! |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by OOOKEWALE: 12:15pm On May 06 |
I do not completely agree with you on this. Organisations are not ready to let people grow into roles. Tosin talking, let him come and tell us his work experience before founding Moniepoint. The reality is that the challenges are enormous and not restricted to the candidates. Please read my opinion on this here https:///42dPqLs |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Gagare1(m): 12:21pm On May 06 |
I think your first paragraph contradicts all the rest. Clearly, your point about Nigerian employers undervalueing local talent is spot on. But since the expatriates are paid more for the same skill a Nigerian employee possesses, then I don't think it is about paying less for more. It is more like paying more for even less, due to inferiority complex or a lack of trust. SpencerForbes: |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by UrVillageChief: 12:24pm On May 06 |
SpencerForbes:Don’t mind him. I’ve come to realize that we Nigerians have this penchant for demeaning ourselves at even the faintest of chances. A girl claimed she applied for their internship but was shocked on seeing the questions being thrown at her. Moniepoint was treating interns like professionals ultimately defeating the purpose and definition of internship or aren’t interns meant to be retrained and supervised? We just love rubbishing ourselves to score cheap points. The implication of his unguided and silly utterances is that the international community will start believing that jobs are in abundance in Nigeria and that it’s the youths that are lazy and irresponsible. We shouldn’t let this slide. Buhari did this same silly thing and got away with it. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Hamachi(f): 12:26pm On May 06 |
Why do Glo and Dangote employe Indians and Lebanese? Gagare1: |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Nobody: 12:26pm On May 06 |
Gagare1:The issue now is that with the internet, everyone is "woke." We know exactly what the global market is paying and the true value of the skills we’re bringing to the table. In the outside world, a particular role might be valued at $2k to $3k, but a Nigerian employer will demand 15 years of experience and offer a measly 250k for that same position. You know the actual worth, yet they’re offering peanuts. Naturally, many will accept the offer just to survive the current economy, but once that survival phase passes, where is the job satisfaction? That is exactly when the grumbling starts and the "minimum wage, minimum effort" energy kicks in |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Gagare1(m): 12:29pm On May 06 |
Apt. SpencerForbes: |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Gagare1(m): 12:33pm On May 06 |
Probably for security reasons, which is a wide area with many possibilities. Certainly not because they are cheaper or more skilled than Nigerians. Hamachi: |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by casualobserver: 12:43pm On May 06*. Modified: 8:40am On May 07 |
I have said it many times. 1: 50% of the products of the Nigerian education system are unemployable even by Nigerian standards. 2: 95% are unemployable in a global standard environment. No multinational will ever employ them. 3: majority of our population growth I.e the so called youth are a burden, a liability rather than an asset. They are unemployable and are only useful as a market for basic commodities. 4: we’ve not realized this because we’ve not had companies invest in Nigeria for a long time. 5: I said a few months ago on Nairaland, renewed interest in Nigeria will expose the fact that the so called youth we youth as an asset are largely unemployable because they are not up to standard. 6: you only have to scroll through Nigerian social media or Nairaland to understand these are poorly educated largely low IQ people. 7. You can’t have an educational system that has been bastardized and neglected for decades and expect it has produced anything other than substandard products. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Hamachi(f): 12:46pm On May 06 |
i noticed a consistent behavioural pattern among Nigerian billionaires who run big businesses. This behaviour is pronounced more among Mike Adenuga of Glo Brand and Aliko Dangote. The behaviour is this: these business owners hardly hire Nigerians as business executives to run their businesses. They prefer to travel as far as Pakistan, India, or Lebanon to hire their nationals to come to Nigeria to run their business. Dangote's top executives are mainly from India and then Lebanese, while Mike prefers hiring Pakistan nationals to run Glo for him with his daughter Bella. Dangote started hiring indians business executives when he was a trader and since he transitioned into an industrialist, he has not looked back as he has doubled down in hiring them. Hiring these guys comes at a steep price. Most Dangote Group executives are Lebanese or Indian, and their annual salaries are up to 300 million naira per annum when converted to our local currency. Aside from the high cost that they charge as salaries, you provide a duplex accommodation in Ikoyi or Banana Island with an SUV for them. You also provide Hilux vehicle with policemen protecting them against kidnappers since they are endangered specie because of their white complexion. Devakumar V. G. Edwin is one of Dangote's trusted lieutenants, as Aliko does not joke with him. He has been with him since 1992, when he joined the business as a general manager. At that time, Dangote was still a mega importer and a trader. Edwin helped to transition the Dangote group into the industrial behomth that it is today from a trading company. He is the one supervising the refinary project in Lekki for Dangote as Dangote trusted him so much, having supervised the building of the cement plants for the group all over Africa. When you convert what Devakumar V. G. Edwin earns into Naira because he is paid in dollars by the Dangote group, the man earns more than 350 million naira salary per year. Just like the rest of Dangote's top executives, he is an Indian national, and it is the same story across the whole gamut of Dangote's executives. . The CEO Of Dangote sugar, RAVINDRA SINGH is an Indian national. The same with the CEO of Dangote Cement. Now i want to understand: why, despite the high cost of hiring them, are these Forbes billionaires more comfortable hiring Pakistanis, indians, or Lebanese than Nigerians to manage their businesses in Nigeria? Are they more ruthlessly efficient than their Nigerian business executives? Is there any reason why this is so? Gagare1: |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by gabicon: 12:52pm On May 06 |
IyaTola:Nigeria's can be emotional about many things. We claim to have top talents, were are the stuff they have built? The talents in India, Asia, Europe and America build stuff. The true test of talent is in what they are able to deliver. What have our talents in Nigeria built? Because of the developmental nature of our economy, talent development can be pretty difficult. For instant I was in an interview for a candidate that had to do with online marketing, the job required managing a seven figure dollar marketing budget monthly, all the talent that were interviewed had not spent up to $10,000 on marketing. It would be risky to give $1m to a talent whose capacity is $10k, it most likely will end in premium tears. I probed further, and found out we don't have up to 10 organisations in Nigeria with that budget for that role and those organisations don't have more than 2 people each in that role. Safe to say an Indian got the job. We have not had a functioning refinery in the last 30 years, were is Dangote going to get talent to run the refinery? Some say he should train new engineers, how long will it take to train them? What happens to the facility and the loans while these people are being trained? There is a difference between you being a programmer and you actively working with a team on a project of international scale. The skill is different. Within the week a discussion erupted among a circle and the India guy was complaining about the Nigerian talent, he said he has to hold his hand on most tasks and he has had same issue with many Nigerians. A last chance was brokered for our talent if he doesn't cut it they are going to India to get a replacement. In this same discussion, the India guy checked the engagement on the topic on X and it was like 42k and he questioned our productivity. If we are as good as we think we are let build stuff that can compete on the international market, being a keypad warrior is easy. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Nobody: 12:52pm On May 06 |
casualobserver:If we are to agree with you, are you actually willing to pay the standard global wage? Or will you still demand 10 years of experience for a 250k role while their counterparts abroad are earning $3k for the exact same work? What happened to the idea of opening a workshop to train even 15% of the workforce? If those people train others, the number of unemployable graduates would drop significantly within a decade. Many employers seem to think Nigerians are gullible. We would much rather work remotely for $1k than beg any local employer for peanuts. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Clature: 12:56pm On May 06 |
It is a painful statement only because it is true. How many Nigerians are truly skilled at their craft? Be truthful. Deeply skilled? Very few. I do dynamic modeling, simulation, control, FEA, CAD for dynamic systems. I have to do all work for my business myself which I do not mind but even the few I find I still have to make numerous adjustments on their work. This does not mean there aren’t skilled people but it’s not just the way we think. As I have generally said, we are mostly hype and we can see it in the thread. Just hone your skills to perfection, don’t apply till you have and see yourself never be rejected from a job position. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Nobody: 12:59pm On May 06 |
gabicon:The truth is, we all collectively discouraged the system. When the root was starting to rot, that was when it should have been cut off. China didn't build their powerhouse economy in a day. If we look back at how they did it, they followed a blueprint: they brought in foreigners to train their graduates through intensive internships with competitive pay. If we had adopted that same strategic mindset, we wouldn't be in this mess today, or at the very least, the damage would be minimal. I respect the Chinese because they actually believe in their own. If a Chinese man opens a profitable business in Nigeria, he will go back home and bring his brothers to join him. It’s not that other foreigners can't do the same; it's just that he has a deeper belief in his people and is willing to train them until they become world-class experts. We need that same level of intentionality here. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Nobody: 1:01pm On May 06 |
Clature:Experience is not gotten in academic institutions or online school but actually on the field. How do you expect someone to get 10 years experience when all you do is advise him to keep learning? |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Hamachi(f): 1:04pm On May 06 |
A lot of what you’re saying comes from a hard truth people don’t like to sit with: talent is not proven by confidence, certificates, or potential. it’s proven by systems, scale, and repetition under pressure. In Nigeria, we have no shortage of intelligent people. That part is not in doubt. The real gap is exposure to environments where talent is stretched by scale. Take your marketing example. Managing $10k/month vs $1m/month is not a linear upgrade. It’s a completely different universe: 1. At $10k, you can rely on intuition, small experiments, and manual oversight 2. At $1m, you’re dealing with segmentation at scale, attribution models, fraud prevention, creative testing pipelines, regional variations, compliance, and coordination across teams and tools Someone who has never had to lose $200k in a week and recover from it with data cannot be expected to naturally operate at that level. Not because they are unintelligent, but because they have never been forced into that environment. That’s the structural issue. India, parts of Asia, Europe, and the US didn’t just “have better talent.” They built ecosystems where: - People get access to large budgets early in their careers - Mistakes are expensive but part of the learning curve - Companies operate at scale consistently, not occasionally - Knowledge compounds because there are thousands of similar roles doing similar things So when someone from those systems says, “I’ve seen this problem before,” it’s often because they’ve literally seen it 100 times in production environments. In Nigeria, many “talented” professionals are still operating in sandbox conditions: a. Low budgets b. Small teams c. Fragmented markets d. Limited global exposure So what gets called “talent gap” is often really a scale gap. Even our refinery point makes that clear. You don’t build a complex industrial system and then look for talent inside an economy that hasn’t operated one for decades and expect instant readiness. Skills in those environments are not theoretical, they are forged through years of operating, failing, and iterating inside similar systems. And that’s why outsourcing or hiring foreign expertise often happens. Not because locals lack intelligence, but because: 1. The foreign talent has already been “burned in” at scale 2. They’ve made expensive mistakes on someone else’s system 3. They’ve operated machinery, budgets, and teams that look like the target system The uncomfortable true is this: You don’t develop “international-level talent” by debating it or defending it online. You develop it by building systems locally that are expensive, demanding, and unforgiving enough to create it. Until that happens consistently, comparisons will always feel unfair — because they are comparing trained production experience vs emerging potential ecosystems. And in global business, potential is respected… but performance at scale is what gets hired. gabicon: |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by gabicon: 1:05pm On May 06 |
Hamachi:My dear these guys are more ruthlessly productive and efficient than Nigerians. I was seconded to a company that was purchased by a British company and they decided to remove the Indians in the company and replace them with Nigerians after 6 months that decision was reversed. I say nepotism, sabotage, craftiness, politics and highhandedness our Nigerian brother caved the Indians survived. I asked an Indian how they managed to always end up on top, he said India is very similar to Nigeria and they have to master the act of survival and competition while doing the job but we Nigerians can't do both at the same time. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Hamachi(f): 1:06pm On May 06 |
SpencerForbes:It would not work in this part because half the time the person doesn't want you to grow more than him. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by casualobserver: 1:09pm On May 06 |
SpencerForbes:What is standard global wage? There is no such thing. If you feel as an engineering graduate in Nigeria you are entitled to the same £40,000 a Uk graduate earns, why don’t you apply for the UK job? Trust me if you were qualified they will employ you. Wages will always be a reflection of local environment plus the particular skill. What should be constant irrespective of where you are is the quality of the certificate that says you are qualified. That’s the problem! Your Nigerian certificate says you are educated in a particular course but when you are put to test, you fall short of basic standards. In Mexico a qualified doctor fresh from medical school earns $7,000-12,000, just next door in the US he will earn $72-92,000, in Canada he will earn $43-54K. There will no difference in the standard of the American or Mexican doctor. That’s the problem with NIgeiran graduates…the quality! I am telling you in Nigeria, there are graduates who earn upwards of N2m a month, I know of graduates in Nigeria on $100,000 pa.a and there are those who earn N70k a month minimum wage. Those well paid did not go Nigerian universities. Nigeria has a large unemployed youth population, we are an English speaking country. Ordinarily we should be a node for call center farms. Many firms explored the idea, you know why it didn’t happen? Our basic English and IQ is actually very poor. We speak but lack comprehension and we can’t solve problems or reason logically, which is where the IQ part comes in. I have said It many times on Nairaland about English comprehension and IQ. Most discussions on this site boil down to the absence of both. Search “casualobserver + IQ” you will get hundreds of posts. The main issue is Nigeria is comprehension and IQ. Now your employers are telling you. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Hamachi(f): 1:11pm On May 06 |
gabicon:The bolded, it would take a miracle for us to get pass that honestly and the italicized is a statement of fact. To even see a good electrician today or even someone that his good with a handwork (from screening, painting, tiling and carpentry) it extremely difficult as many of the youth ain't ready to learn. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Nobody: 1:13pm On May 06 |
Hamachi:That is exactly the root of the matter. This is where the likes of Dangote, Otedola, and our top politicians really failed the system. You’ll see them organizing "empowerment" workshops to teach computer skills, yet they won't even provide a basic Chromebook to the participants at the end. What kind of empowerment is that? It’s just optics. As long as they refuse to fix the actual system, they can keep hiring their foreigners. We, the youth, will continue to push hard to secure remote work for international firms. But they should lose the right to blame us when the system experiences a setback or call us lazy. Such narratives only undermine our global reputation and kill our chances, no matter how much effort we put in. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Nobody: 1:23pm On May 06 |
casualobserver:You hardly hear Nigerians clamoring to work for Moniepoint, despite the fact that we have countless brilliant minds who have exited this broken system and are excelling globally. If the Moniepoint boss doesn't want to hire Nigerians, that’s his prerogative. We’ve accepted that and moved on. But going on a global stage to devalue and embarrass the average Nigerian is a massive insult. The damage this does internationally is huge. It gives other nationalities an unfair edge over us by reinforcing negative opinions on a global scale. If he’s not ready to invest in fixing the system and building local talent, he should stay silent rather than undermining our collective reputation. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Nwaikpe: 1:34pm On May 06 |
BioData45: ![]() The ultimate goal of any business if to make maximum profit for its shareholders. Na you sabi other theories. Even your government no give you "improved human well-being," you go dey ask private entities. Whereas, the "Quality of life Theory" has absolutely nothing directly related with what you said. You just wanted to lie to sound smart. It concerns individuals evaluation of their lives with relation to their personal goals. But you dey here dey cap. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by casualobserver: 1:35pm On May 06 |
SpencerForbes:The world already knows. Nobody is discriminating against you because you are a Nigerian. Well educated Nigerians excel internationally. There are even fields where we are highly regarded. You are being looked down upon because of the university you attended and because those from those universities that were previously employed did not represent local universities well, embarrassed your university and hence your certificate. You devalued your certificates by refusing to allow successive govts to raise fees. Now you are reaping your rewards of the poor quality education you received. He is right to say it because we have had a problem with education for over 4 decades that we have pretended doesn’t exist. If we don’t address it we can’t develop as a country. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Nobody: 1:48pm On May 06 |
casualobserver:The educational system, parents, and the government have all failed us. Instead of castigating the youth, he should focus on improving the small circle he can actually influence. It wasn't a crime to be born into a dysfunctional system. The Nigerian economy is so warped that a qualified engineer would gladly drop their certificate to go and shout "tap tap" on TikTok if it brings in $5,000—mostly because I’m sure he isn’t even paying up to 500k a month himself. It’s not a lack of intelligence; it’s a survival instinct for people trying to fight a broken system. If he can't offer a real solution, he should just remain silent. |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Gagare1(m): 1:52pm On May 06 |
Like I said, security reasons. Any Nigerian CEO earning that much, and knowing that much, is certainly a future competitor to the same business he is managing. The day he retires is the day your worst competitor is born. And the sick part about everything is that he knows you to the core. We have wealthy individuals looking for a trust worthy person to do business with, so if a Nigerian should have access to the vast knowledge, secrets connections, and be willing to pull the Nigerian strings to set up a competition, he will deal his former employer a fatal blow. So it is best to not take chances. Expensive as it may be, the expatriates are a lesser threat. Not to mention the unofficial wickedness of black man to black man, which can bring down an organization faster than an explosive demolition. So it is a security issue. Hamachi: |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by DJperdurabo: 1:54pm On May 06 |
Hamachi:Spot on! |
| Re: I Agree With The Statement Of What The CEO Of Moniepoint Said And Here's Why by Richarlison640(m): 1:55pm On May 06 |
phineas:you 100% correct you want to pay me peanuts in a toxic work space and expect me to give my best really |
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