On May 1, 2026, Eniolorunda stated that Moniepoint will prioritize hiring locally. The company aims to source talent within Nigeria despite facing challenges. He noted that many available candidates do not meet Moniepoint’s global standards.

Eniolorunda attributes this talent gap to significant weaknesses in Nigeria’s education system and shifting social values. He expressed concern over the migration of skilled professionals, commonly referred to as “japa,” which has left a void in the local workforce.

The situation is compounded by societal pressures that encourage quick financial gains. According to Eniolorunda, “In a country of over 200 million people, there are many alternatives to becoming a ‘big boy’ or chasing quick money.” This environment discourages commitment to long-term career development.

The issue extends beyond just Moniepoint. Other companies also struggle with similar challenges in securing qualified talent. Eniolorunda remarked, “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 reflects a broader trend affecting various sectors in Nigeria.

In an unrelated incident, Uchenna Akpa mistakenly transferred N1.67 million to a Moniepoint account on September 7, 2024. The transfer was reversed on April 13, 2026—19 months later—highlighting potential issues within financial systems as well.

The challenges faced by Moniepoint underscore the urgent need for improved human capital development in Nigeria. As companies grapple with filling job vacancies, the implications for economic growth and stability become increasingly significant.

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Moniepoint began as a payments infrastructure provider but has steadily expanded its product stack. The company has established itself as a significant player in Nigeria’s financial technology landscape, processing over $250 billion in digital payment transactions annually and serving more than 20 million businesses and individuals. The food service industry in Africa is valued at approximately $50 billion, with Nigeria’s food service market expected to reach $12.37 billion by 2026.

In a significant development, Moniepoint has acquired Orda, a cloud-based restaurant management platform founded in 2020. This acquisition, announced on March 23, 2026, will see Orda rebranded as Moniebook for Restaurants and integrated into Moniebook. The deal aims to embed payments directly into the daily operations of merchants, thereby enhancing operational efficiency.

The acquisition specifically covers Orda’s operations in Nigeria, despite the company also operating in Kenya. The financial terms of the deal were not disclosed, but it is known that about 25 members of Orda’s team have joined Moniepoint as part of the transition. This move is expected to reduce reliance on manual processes in restaurant operations, streamlining workflows and improving service delivery.

Guy Futi, a representative from Moniepoint, emphasized the importance of ensuring a smooth transition for customers, stating, “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.” This commitment highlights Moniepoint’s focus on maintaining customer trust and service continuity during the integration process.

Tosin Eniolorunda, another key figure in the industry, remarked, “The food industry is a major source of jobs and daily survival for many Africans.” This statement underscores the critical role that the food service sector plays in the broader economic landscape of the continent. The integration of Orda into Moniepoint’s offerings is seen as a strategic move to leverage this sector’s growth potential.

As the food service industry continues to evolve, the acquisition is expected to position Moniepoint as a more comprehensive service provider, capable of addressing the diverse needs of restaurant operators. Observers note that the integration of financial infrastructure with restaurant management tools could lead to significant advancements in how businesses operate within this space.

Looking ahead, the acquisition is anticipated to foster innovation and efficiency in Nigeria’s food service market. The collaboration between Moniepoint and Orda is likely to create new opportunities for growth, particularly as the demand for integrated payment solutions increases. The food service industry is not just about feeding people; it is a major source of jobs and daily survival for many Africans, making this acquisition a pivotal moment in the sector’s development.

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