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“You want 10 years experience for ₦200k?” — Tech Lady slams Moniepoint boss over low salaries

Another slams the coy for paying UK staff in pounds

Chief Executive Officer, Moniepoint, Tosin Eniolorunda
Chief Executive Officer, Moniepoint, Tosin Eniolorunda

A Nigerian tech professional has sparked reactions online after criticising Moniepoint boss, Tosin Eniolorunda, over alleged poor salary structures and unrealistic expectations from workers.

The woman, speaking in a viral video shared on X by user @ChuksEricE, specifically called out Tosin Eniolorunda for claiming that Nigerian youths were unemployable.

According to her, many companies complain about a lack of talent while refusing to offer salaries that match the level of experience they demand.

“I have to say the owner of Moniepoint is saying BS (bullsh-t). Big BS. You know why? There is a problem with the Nigerian employer in the Nigerian system. You don’t want to pay. You want skilful workers, and you don’t want to pay,” she said in the clip.

The tech lady also shared her personal experience, revealing that she landed her first corporate role with only an SSCE certificate.

According to her, the employer who hired her focused on competence and ability rather than academic qualifications.

“The first time I got an opportunity to work in this life by somebody in a corporate body, I was just with my SSCE certificate, and I worked with BSc holders,” she said.

She argued that many Nigerian employers undervalue experienced workers despite expecting high-level expertise.

“You want that lady or that guy with five to ten years of experience? You want to pay me ₦200,000? Are you okay?” she asked.

The woman said it was bad for employers to pay extremely low wages to workers despite the country’s rising cost of living.

“Nigerian minimum wage is ₦70,000. Some of you are still paying your gate men ₦30,000 and you are coming to say you are looking for skilled people and you are not seeing them,” she added.

Meanwhile, another person slammed Moniepoint’s boss for keeping the company’s headquarters in the UK, paying staff there in pounds sterling, while paying the staff in Nigeria in Naira.

The user, identified as @heyrapto on X (formerly Twitter), raised concerns about what he described as a mismatch between the company’s global positioning and how its Nigerian workforce is compensated.

He argued that while executives operate from the UK, earning and spending in pounds, the workforce in Nigeria continues to earn in naira despite driving the company’s day-to-day operations.

“Moniepoint headquarters is in the UK. 241 Southwark Bridge Road, London. But their operational base is in Lagos,” he wrote.

He added that the structure creates a perception of imbalance in value distribution between leadership abroad and staff in Nigeria.

“They are hiring in Nigeria, paying in naira, while the headquarters sits in the UK. The CEO wakes up in London, goes to the office, grabs his morning coffee, pays rent in pounds… while the workforce powering the system is earning in naira,” he stated.

The debate continues online.

Olu Adeyemi

Accomplished journalist with decades of experience spanning print and digital media.

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