The situation began to intensify in early 2026. Eniolorunda noted that despite their efforts to hire locally, they found that many candidates did not meet the global standards required for the roles. “We made a decision that we will no longer hire from any other place than Nigeria,” he stated. This commitment underscores their desire to invest in local human capital development.

However, the challenge remains daunting. The quality of candidates available is lacking. Eniolorunda explained, “Not only could we not find people at the quality and the quantity we needed, the few people that we found were not up to the global standards that we need.” This discrepancy raises questions about the effectiveness of Nigeria’s education system and its ability to prepare students for today’s job market.

That context matters because it reflects broader societal issues. The term “japa”—which refers to the trend of skilled professionals migrating from Nigeria—illustrates a growing concern about local talent retention. Many young professionals are seeking opportunities abroad rather than staying to develop their careers in Nigeria.

In addition to these challenges, incidents like Uchenna Akpa’s mistaken transfer of N1.67 million to a Moniepoint account highlight operational vulnerabilities within financial institutions in Nigeria. This particular error took 19 months to resolve, indicating potential inefficiencies that may deter both customers and prospective employees.

Eniolorunda pointed out that societal values are shifting as well. He remarked, “The level that people are reasoning in this country is not as high as it used to be.” In a country with over 200 million people, many alternatives exist for young individuals seeking quick financial success—often leading them away from traditional career paths and into avenues like internet fraud.

The implications of this talent shortage extend beyond Moniepoint. It affects various sectors across Nigeria’s economy and hampers overall growth potential. With a population rich in diversity and potential, addressing these educational and developmental gaps is crucial for fostering a robust workforce.

The road ahead will require concerted efforts from both the private sector and educational institutions in Nigeria. As Moniepoint continues its search for qualified talent, it serves as a bellwether for other companies facing similar challenges amidst an evolving economic landscape.

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Moniepoint, a prominent payments infrastructure provider, has been steadily expanding its product offerings to better serve the needs of businesses in Nigeria. As the food service market in Nigeria is projected to reach $12.37 billion by 2026, the demand for efficient management solutions has never been higher. This backdrop sets the stage for Moniepoint’s recent acquisition of Orda, a cloud-based restaurant management platform.

The acquisition, announced on March 23, 2026, marks a significant step for Moniepoint as it seeks to integrate Orda’s capabilities into its existing suite of services. Orda, which was founded in 2020 and raised $4.5 million in seed funding in 2022, has established a solid reputation in the restaurant management space, particularly in Nigeria and Kenya. However, the acquisition will only cover Orda’s operations in Nigeria.

As part of the deal, Orda will be rebranded as Moniebook for Restaurants, reflecting its new identity within the Moniepoint ecosystem. This integration aims to embed payment solutions directly into the daily operations of restaurants, thereby reducing reliance on manual processes. Guy Futi, a spokesperson for Moniepoint, emphasized the importance of this transition, stating, “To truly transform the industry, we needed to connect that expertise with comprehensive financial infrastructure.”

With Moniepoint processing over $250 billion in digital payment transactions annually and serving more than 20 million businesses and individuals, the acquisition is poised to enhance the operational efficiency of restaurants across Nigeria. The integration of Orda’s platform is expected to provide restaurant owners with a seamless experience, ensuring that they can focus on their core business without disruptions. Futi assured customers, “For our customers, we are assuring a smooth transition with no disruption to the platform and retained access to the support you are used to.”

As the food service industry in Africa is valued at about $50 billion, the strategic move by Moniepoint to acquire Orda aligns with the growing trend of digital transformation in the sector. The food industry is not just about feeding people; it is a major source of jobs and daily survival for many Africans, as highlighted by Tosin Eniolorunda, another key figure in the industry.

Details regarding the financial terms of the acquisition have not been disclosed, but it has been confirmed that approximately 25 members of Orda’s team will join Moniepoint as part of this transition. This infusion of talent is expected to bolster Moniepoint’s capabilities in the restaurant management domain.

Looking ahead, observers anticipate that this acquisition will not only streamline operations for restaurant owners but also enhance customer experiences through improved payment solutions. As Moniepoint continues to innovate and expand its offerings, the integration of Orda’s technology could set a new standard for restaurant management in Nigeria, paving the way for further growth in the food service market.

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