Mike Adeyeye

A Nigerian prefer to be jobless at home than to work a job of 100k

Tosin Eniolorunda and his co-Founder are Nigerian trained. All of the day one guys at Moniepoint are Nigerians and most of them are still with the company and doing very well. Moniepoint employ, in total, almost 30,000 Nigerians. They are a top employer in NIGERIA 🇳🇬. They pay a minimum of 75% percentile of the market. Junior Developers earn N1M monthly. Most earn N3M and some earn N4M monthly. They have people who earn around N10M monthly! Moniepoint remains one of the highest transacting companies in AFRICA. They are a world-class company. And if Moniepoint did not exist, Nigeria would have gone to CHINA, completely. Tosin must have spoken from a place of deep passion and pain because human capital in Nigeria is low. I have tweeted about this several times as well. Yes, we have good talent, but when you look at the larger population of the country, we have so much work to do. This is a FACT! By the way, Moniepoint has paid some employees a million dollar in stock options (IN CASH). And there are at least 15-20 people who work with Moniepoint in Nigeria who are dollar millionaires! So, to say they underpay or they take advantage of cheap labour is redundant and lazy talk. Again, criticisms should be fair and balanced. But Business Leaders should never shy away from shedding light on challenges across the country. PS: MONIEPOINT HAS PRODUCED A GEN Z A BILLIONAIRE!! JULIAN DUMEBI DURU IS ALIVE AND WELL, AND HAS TOLD HIS STORY. He was a Product Manager, then a Software Architect, before the final promotion to Principal Engineer all at Moniepoint 👏🏽👏🏽.