I recently came across the viral clips of the statement made by the CEO of Moniepoint, Tosin Eniolorunda, where he revealed that the company is struggling to fill over 500 job vacancies in Nigeria due to a shortage of qualified, globally competitive talent despite a strong commitment to local hiring.
His remarks at The Platform event in Lagos sparked widespread debate around educational quality, salary transparency, emigration, and corporate training pipelines. However, what many commentators failed to understand is that he was merely speaking to a growing reality many entrepreneurs, business leaders, and institutions across Nigeria and Africa are already experiencing daily: the continent is gradually entering a human capital crisis.
This crisis is not because Africa lacks young people, ambition, intelligence, or potential. In fact, Africa remains one of the youngest and most energetic regions in the world. The real challenge is that we are increasingly struggling to deliberately build, retain, and sustain the quality of human capital required to create value at the level the market now demands.
Across industries, organizations are quietly dealing with declining execution quality, widening capability gaps, weak work ethics, unrealistic expectations, shortage of deeply skilled professionals, and increasing difficulty in finding talent that is globally competitive. The problem is no longer just unemployment; it is increasingly becoming unemployability and underdevelopment of talent.
The issues are multifaceted, but they can broadly be grouped into five major areas.
1. The Loss of Experienced Talent Through Emigration
One of the most significant realities confronting African businesses today is the steady migration of experienced professionals to more stable economies and better structured systems abroad. While migration itself is not new, the scale, consistency, and strategic impact it now has on institutions across Africa is becoming increasingly severe.
Over the last decade, organizations across sectors such as technology, healthcare, finance, engineering, consulting, telecommunications, education, and even public service have watched some of their most competent professionals leave in large numbers. What is leaving the continent is not just manpower, but experience, institutional memory, leadership maturity, technical depth, mentorship capacity, and execution discipline.
The impact is deeper than many people realize.
In many organizations today, there are fewer senior professionals available to train younger talents, fewer experienced managers capable of leading complex operations, and fewer mentors available to transfer practical wisdom accumulated over decades.
This creates a dangerous capability vacuum.
As a result, younger professionals are often pushed into leadership or technical roles before they are adequately prepared, not necessarily because they are fully ready, but because there are limited experienced hands left to fill those positions.
Many organizations are now forced into survival mode:
- Recycling underprepared talent
- Guest Writer’s Comment . Overburdening a few experienced professionals
- Lowering performance expectations
- Spending enormous resources retraining employees repeatedly
This weakens institutional continuity and slows long-term development.
The Way Forward
Africa must deliberately rebuild institutional talent pipelines through:
- Strong succession planning
- Structured mentorship systems
- Leadership development programs
- Better work environments and growth opportunities
- Long-term talent retention strategies
Organizations must stop treating talent development as an HR activity alone and begin to see it as a strategic survival issue.
2. Visibility Before Competence
Another growing challenge is the increasing cultural shift toward visibility before competence.
Social media has created extraordinary opportunities for entrepreneurship, influence, personal branding, and access to global markets. These developments are positive and should not be dismissed. However, one unintended consequence is that many young people are now being exposed to the rewards of success without fully understanding the process that sustains success.
A dangerous illusion is gradually emerging: the belief that visibility itself is value.
As a result, many young professionals are becoming more focused on appearing successful than becoming deeply competent.
The appetite to earn is increasingly overtaking the willingness to learn.
Too many people now want:
- Rapid financial success without apprenticeship
- Influence without substance
- Leadership without preparation
- Visibility without competence
- Rewards without endurance
The problem is that social media often amplifies outcomes while hiding process. People see success stories, but not the years of sacrifice, discipline, consistency, rejection, failure, and capability development behind them.
This has weakened patience for mastery.
In some cases, organizations are now hiring candidates who are highly confident in presentation but weak in execution, communication depth, problem-solving, critical thinking, and long-term discipline.
Economies are not transformed by hype or motivational language alone. They are transformed by people who can consistently solve difficult problems at scale.
The Way Forward
We must intentionally rebuild a culture of:
- Apprenticeship
- Service
- Discipline
- Long-term learning
- Professional grooming
Young professionals must begin to understand that mastery is not a shortcut process. Sustainable success is built through repetition, consistency, mentorship, and deep capability development.
At the same time, leaders must reward substance — not just visibility.
3. Declining Quality of Education
Another major challenge is the growing disconnect between education and industry realities.
Across many African countries, educational systems are struggling to evolve at the same speed as the global economy. While industries are being reshaped by AI, digital transformation, innovation, automation, and changing workforce realities, many educational institutions are still operating with outdated curriculums, weak infrastructure, insufficient practical exposure, and limited industry integration.
As a result, too many graduates leave institutions without:
- Critical thinking ability
- Communication skills
- Technical depth
- Workplace readiness
- Problem-solving orientation
- Adaptability
- Execution capability
Many students are trained primarily to pass examinations rather than to solve real-world problems.
In some cases, graduates possess theoretical knowledge but struggle with:
- Collaboration
- Presentation
- Strategic thinking
- Professional communication
- Accountability
- Practical execution
This creates a widening gap between what organizations require and what institutions are producing.
Consequently, employers are increasingly forced to retrain graduates extensively before they can contribute meaningfully to business outcomes.
This delays productivity and weakens competitiveness.
The Way Forward
Educational institutions must evolve from certificate-driven systems into capability-driven systems.
This requires:
- Stronger collaboration between academia and industry
- Practical learning models
- Technology and AI integration
- Entrepreneurship and innovation exposure
- Greater emphasis on communication, critical thinking, and execution skills
The future belongs to institutions that prepare people not just to pass exams, but to create value.
4. Weak Work Ethics and Unrealistic Expectations
Many employers today are also dealing with increasing entitlement, declining resilience, and unrealistic career expectations among younger professionals.
There appears to be a growing disconnect between expectations and preparedness.
Some young professionals expect rapid financial rewards, accelerated promotions, flexible work environments, leadership positions, and lifestyle outcomes without fully understanding the process, sacrifice, consistency, competence, and endurance required to build real value.
In many organizations, leaders are encountering:
- Low resilience under pressure
- Weak accountability
- Poor commitment to process
- Declining ownership mentality
- Limited patience for growth
Increasing preference for convenience over discipline
This is not entirely the fault of young people alone. Society itself increasingly celebrates outcomes more than process. Many people are exposed daily to curated lifestyles and accelerated success narratives without context around the years of effort behind them.
Unfortunately, sustainable leadership and professional growth do not happen instantly.
Competence compounds slowly. Character develops through responsibility. Leadership matures through experience and difficult decisions.
When organizations are filled with people who seek rewards without process, execution quality inevitably declines.
The Way Forward
Organizations, families, schools, and leaders must collectively rebuild a culture that values:
- Excellence
- Accountability
- Responsibility
- Delayed gratification
- Professional discipline
Young professionals must understand that growth is a journey, not an event.
There is dignity in process.
5. Weak Institutional Investment in Human Capital
Ironically, while many organizations complain about talent quality, a significant number of businesses also underinvest in developing people.
Some organizations expect world-class performance while neglecting:
- Structured onboarding
- Capability development
- Coaching
- Mentorship
- Leadership grooming
- Performance management
Institutional learning systems
Human capital development is still treated in many organizations as a cost center instead of a strategic investment.
The result is predictable:
- Inconsistent performance
- Weak leadership pipelines
- Low employee growth
- Poor institutional continuity
- Dependency on external hiring
Many organizations also fail to build knowledge management systems that preserve institutional learning and transfer competence across teams.
Without deliberate investment in people, organizations become fragile and overly dependent on a few individuals.
The Way Forward
Organizations must intentionally build learning cultures.
This includes:
- Continuous capability development
- Internal academies and learning systems
- Coaching and mentorship structures
- Leadership pipelines
- Knowledge-sharing platforms
- Performance and accountability systems
Institutions that invest in people consistently will always outperform those that only invest in operations.
Final Reflection
Despite these challenges, I remain optimistic.
Across Africa, there are still exceptional young people building quietly, learning intentionally, and committing themselves to mastery and value creation. The responsibility before us is to create environments that nurture them, challenge them, and prepare them for meaningful contribution.
Africa’s future will not be determined by population size alone. It will be determined by the quality, competence, discipline, and mindset of its people.
If we fail to build human capital deliberately, economic ambitions will remain difficult to sustain.
But if we get it right, Africa’s greatest resource will not be oil, minerals, or infrastructure.
It will be its people.
____________________
Taopheek BABAYEJU
Entrepreneur | CEO, iCentra | Founder, The TAB Foundation | Author | Global Transformation Authority | PMI Eric Jenett Person of the Year (2024)
EduTimes Africa, a product of Education Times Africa, is a magazine publication that aims to lend its support to close the yawning gap in Africa's educational development.