WHAT IS WRONG WITH COMPANIES IN NIGERIA?

Added: 2026-05-21

[00:00:00]There's some homes that you go into and you see their nanny doing >> [music] >> the job of a cleaner. Job of a nanny.

[00:00:07]>> of a cook. Job of a nanny. If care is not taken, the person will also join as job of the gate man and they will be paid 50,000. 50,000. If I cannot afford [music] to pay you what I I know that even if it's not the right exact market value, but something close to it.

[00:00:25]If I cannot afford to do that, I shouldn't be able to employ.

[00:00:28]>> you should. I cannot run a global television on a local exploitation.

[00:00:32]Everybody wants find way to just reap, collect from somebody. There are few companies that yes, are doing what they should do, but most people believe that why a Nigerian person, why I go pay am that waiting they do.

[00:00:46]>> That's the Nigerian man.

[00:00:56]>> [singing] [music] >> See, the problem is not just to the Money Point guy who is complaining. The problem is generally. Some of these employers feel that those people they even employed are just slaves. If excellence is the expectation, then they should be ready to pay the standard salary. guys, welcome to LBC and you know how we do it man. We always here giving you guys the fun, the vibe and I'm here with Mr. Smart again. Well, this is this is it back to back my brother. All right. How you doing now? Nice being here, bro.

[00:01:32]Yeah, so you know something where we say later on that evening where we did come out and we were talking about it and I felt like >> [snorts] >> we should try and you know, do something regarding that and it's about this what's his name? This Money Point CEO.

[00:01:48]Okay. Yeah, where his claims and but let me let's just play it so that at least you can hear it and then we talk more about it, yeah? All right.

[00:01:57]Okay. They will no longer hire from any other place than Nigeria and we chop the king in 2025.

[00:02:03]We chop the king in 2025.

[00:02:05]You know, it hits me to the bone when I hear them mention that even Aliko Dangote was saying that Nigeria, we have If you go to MoneyPoint career website, which you can go and apply if you want to.

[00:02:14]We have probably maybe 500 vacancies or so.

[00:02:17]And we are struggling to find people to fill those roles. Not only could we not find people at the quality and the quantity we needed them, the few people that we found were not up to the global standards of quality that we needed. And we're competing globally. They're not competing with just local players. You people know my biggest competition. You know where they are from.

[00:02:37]Okay.

[00:02:37]They're from China.

[00:02:39]I'm competing globally. I need to make sure that I have world-class people working in the organization.

[00:02:45]And here I am looking for So >> [laughter] >> If you see me put there the list to everything, it's going to take long, but at least you get the point. You get where the whole uh uh story is all about. You know, like he said, he's competing with international companies.

[00:03:03]>> Yeah. But you can understand that international standard is not magic.

[00:03:07]This people, it comes from proper structuring. Exactly.

[00:03:11]>> The international companies have proper training.

[00:03:15]They have proper motivations for whoever they employed. And most especially, they compensate you well. Mhm. So, when you talk about competing with the international companies, you should also put in place that these people hire the best. Exactly. And there's a reason why they hire the best.

[00:03:32]>> Yeah, yeah. Because those best will give you always deliver for you.

[00:03:34]>> Mhm. Now, you come back to ask him, what kind of people are you employing? Yeah.

[00:03:39]>> Because I believe here in Nigeria, there are a lot of Nigerians who take who are being paid by foreigners who work from remotely from Nigeria.

[00:03:47]>> Mhm. Now, check.

[00:03:49]Maybe someone from MoneyPoint can be earning, let's say, 9 to 10 million annually. Mhm. Maybe someone just an engineer. But the same person or a different person who is working remotely from Nigeria to a company abroad can be earning almost 8 to 20,000 or 50 million dollars a year. 50 million or 50,000 dollars?

[00:04:07]>> 50 million dollars a year. Oh boy.

[00:04:09][clears throat] >> [laughter] >> I you tell you. So, so are you are you ready to pay that kind of people?

[00:04:16]Yeah. But they are in Nigeria. Exac- I feel I feel the thing is, as as you said, the possibility of the Nigerian market understanding that you can't demand for world-class or global talents without being willing to make the global sacrifice or the global payment.

[00:04:36]>> [gasps] >> You know, and there's something people do that amazes me.

[00:04:40]Some people I don't I don't follow somebody talk these things. And somebody said, um, "If they come put the salary now for the website, so the person wey come get the work, everybody go know the within they collect. You go call make kidnappers come." And I say, "No, I no understand this level of this thing." It's not even about like Don't make it open. It's not even That's [clears throat] what I'm saying. Like the person's argument was even flawed from the beginning cuz you can't be saying, uh, "The reason why you you feel people are complaining that you're not they're not paid what they deserve is because when you display their salary, it will make people to now for them now to be a target." It doesn't make sense. Doesn't make sense. Do not disclose whatever you want to do. You don't even need to disclose anything.

[00:05:19]But pay them what they deserve.

[00:05:21]>> understand me? Cuz I see these things from both sides, yeah? I get where the Money Point CEO is coming from, but I also understand the argument of when people are saying that, "Yo, we have the skills.

[00:05:35]The global market you claim you are competing with is paying us way better than way better than what you're offering." And you don't even have the mind to put your salary cap or your salary range or even the salary at on the website to you understand me? You say attractive salary, competitive salary. From that statement he mean he mean he means that the problem is environment the environment and the structure. Exactly.

[00:06:03]Not the talent because here in Nigeria we have the talent. Exactly. We have skilled personnels. We have people who have gone beyond normal searching to go beyond and learn so much. You tell me that I will spend so much years acquiring a particular knowledge and you pay me peanuts. It's not even that that that shouldn't be the case but it's not even about acquiring so much knowledge. It's about the years you have spent in implementing those knowledge.

[00:06:31]Do you know that this job when you want to look for a job 15 years experience 12 12 years 12 years experience and you are not even willing to pay so much. Well, not even so much. Not even willing to pay what this person you know, is worth on the global market on your claims that you are you know, a global standard.

[00:06:49]You're trying to meet the global market.

[00:06:51]Yeah, you cannot run a global vision with on a local exploitation.

[00:06:56]>> Yeah. That's one thing with Nigerian.

[00:06:58]See, you see where you talk here. That's one thing with Nigerian market where everybody unless you we want to lie to ourselves. We know this. The Nigerian market either the the the the the employer the employer employee egg exploitation at one point in time which I don't see reason why that should be the case.

[00:07:20]Everybody want find the way to just rip collect from somebody. There are few companies that yes, are doing what they should do but most people believe that why I'm a Nigerian person.

[00:07:33]Why I go pay him that waiting they do.

[00:07:34]>> That's the Nigerian mentality.

[00:07:36]>> me? And when you see that that that I don't know if this job we talk about not be just because say Nigeria no good though. Part of the reason why Nigeria no good no be just say waiting government they do.

[00:07:47]People when they employ labor still use marginalize, they try exploit. Okay, you go see person, you go employ person for for example, let's say >> [snorts] >> you employ somebody as let's say a social media you know consultant. From social media consultant where you employ the person, you don't give them employment of of a marketer. marketer content creator No, social media I can't I understand if you attack content creator for them, no problem. But you don't give them job of marketer, you don't give them job of of of trainer Yeah. to train people for that.

[00:08:22]You don't give them job of you know somehow even they do job of PA because you go come they report to you, they pick up things. That's right. You don't like and the salary remains THE SAME.

[00:08:31]>> THAT'S IT. YOU know these people know how to this our employers, they know how to exploit us. See, if excellence is the expectation, then they should be ready to pay the standard.

[00:08:43]Exactly. They should be able to pay for the standard. When they when they money points you will say only that I think I think they say only 20 people they accepted only 20. Yes, out of how many people 9,000 people that application No, I don't know they were able to see only 20 people they could train. They could train. I don't know the yardstick Mhm. or how they choose whoever it is they want to employ. But you know this you will look at something I say 20 out of 9,000.

[00:09:08]Come on. Does it mean that the remaining 8,000 something are just have nothing to offer? See yeah, see No, no, the thing is Look at Nigeria well.

[00:09:18]There are a lot of young guys who are doing exceptionally well.

[00:09:22]Taking out [clears throat] their products out there. If the money points to you if they are really serious, they don't need to come and start expecting people who have less less knowledge about this to come and do exceptional job. They should go and employ those people.

[00:09:35]Call those people.

[00:09:37]Ask them how much take, you know, to work for those companies abroad. If they can match up to that, then he cannot come out and say this kind of thing to you.

[00:09:46]Most of these companies cannot match up.

[00:09:48]First of all, we are in Nigeria. First of all, our currency has already put us out of place. Some of them are operating that they are making so much in in in dollars, but when it comes to actual terms and you know, what is down for, you will find out say at the end of the day, you know, really they are sitting.

[00:10:04]My own is this, yeah. You want people to do the job. I get the fact. I understand that you still get people who still get substituting people for the employment market will be say they are not, you know, they don't match up to the global standard, which is acceptable. We know that fact, but I'm saying that the lot of people that are match up that global standard where they complain very well say after everything, this is the payment. I For example, you get one video where I think I saw that last year and I saw like a repeat of it this year. It was one banker guy where they do video say he don't do bank job for 14 years for 14 years. Yeah.

[00:10:48]Where you say this is the thing. Nothing nothing they move.

[00:10:52]Imagine that guy had to stay for 14 years.

[00:10:55]I know some people can say life everything, but imagine for 14 years you could a big a big [clears throat] banking industry for 14 a big banking for 14 years.

[00:11:06]As a contract staff, nothing happen, no improvement, nothing. And the guy came back one year later to do an update or say I still there where I there.

[00:11:14]Like that that one the boss my head before that he came back. But that's like an example for you to understand what we are talking about. We know it.

[00:11:21]See, come on. Go go to UK. You will see Nigerians with the UK.

[00:11:26]You see Nigerians that are doing where you see young women, young men, The that are breaking bound smashing the doors, breaking barriers, breaking a lot of things.

[00:11:36]And most of their knowledge or what how their growth started was basically from Nigeria.

[00:11:42]>> Nigeria here. So, what are you now saying? Do you get me? A lot. They go America, go Europe, go Asia. Nigerians are making it big.

[00:11:50]You know if you want to talk about we don't even want to talk about like you are complaining like I still can't find dumb things to do because even For Let me give you Upwork day. Yeah.

[00:12:00]>> Remote jobs, choke. People are making so much. Virtual assistants are making so much from from what they are making online that what you would ever want to pay them. Do you get me? What do you how? So, how can someone have this embodiment of knowledge, experience?

[00:12:14]They do training and there are a lot of training bodies now where they individually where you just go pay.

[00:12:19]You know if you did the with company may they run training for you. And I do pay all those money, do all those trainings, get better and your problem is that You're not You're not matching up to the international standard.

[00:12:31]>> You know, you know, in in in in my place you'll be like, what do you have to offer? And you say there's no market. A bobo get his half yard. That's what how we say it in our in our place. Now, what it means is what are you giving out?

[00:12:45]Now, these people are giving something out like that has to do with international standard. Now, it means that you should treat them that way. Do they treat their employees that way?

[00:12:55]Yeah. Do they actually place them in the standard that oh, you people are really competing with those outside?

[00:13:00]>> Yes. Do they make Don't even do it. Do they make life so comfortable for them?

[00:13:04]Let me give you Let me Let Let Let me Let me tell you this story. I know an employer here in this Lagos that [snorts] she's trying to cut cost at all at any point for any any anything for how to cut cost. But if you see where she they make demands, eh, she they make demands like she she they pay everybody like in millions of naira.

[00:13:23]>> the problem. Check well, that business will not grow. It will fold soon. Let me give Let me give you an instance what happened. So, this woman has this media team where they run marketing for them, everything.

[00:13:33]A team of like, let's say, four, five in a team in a group, like maybe two or three groups where they marketing. And you used to give them 20,000 Naira every week for transport for five people. Which is 20,000 Naira for five people in a week. For transport and they go for like that event marketing for maybe two or three times It's not like that. No, it's still not yet.

[00:14:00]No, get where I'm coming from. Get where I'm coming from. It's not nice. But at least 20K a week, that's like that's like That's it. The five of them 20 That's like Yeah, that's like 80K a month.

[00:14:12]You get it for transportation. It still makes sense to a business.

[00:14:15]But can you imagine that because the woman wanted wanted to meet up in whatever she felt she could do, this woman slashed the money from 20K a week for six people. She go and drop them to five. Go and they [snorts] give them 10,000 Naira a week and they go and they go three times a week.

[00:14:37]The woman is not even As long as there's a drop What I'm saying is What I'm saying is that at the end of the day it takes one person gets 2,000 Naira every day every week for transport and they go three times a week. So, that is literally Listen, I come It did this Lagos. This now You know with 2,000 transportation now.

[00:15:01]The money The 2,500 Naira never you do one person to come up from the company to come up from the company to the estate gate. Is this business still alive? This business I'm talking about.

[00:15:12]If you go They bring so much demand.

[00:15:14]They sack people. They complain this They complain that. They do the big You want make sure How can somebody really work with their mind when you don't even take care of your job.

[00:15:25]>> That is it. You know as an employer by providing resources and logistics so that the people where you are employed to do their work can even do the work well. And you're giving them so much work with even less pay.

[00:15:36]You know, this like this this example you just made. I pity for that that company or whatever because at the end of the day, why is she dropping? You have 20,000 in an economy maybe when they were paying the 20,000 fuel was even was lesser. Yes. But now you are going down to 20,000.

[00:15:55]And you are demanding And you are demanding higher output.

[00:15:57]You are demanding output of people you are giving giving SO MUCH WORK. TO GO AROUND. That's it doesn't see this problem this situation is what happens in most companies. They pay you they pay peanuts. They even try to slash salaries See that's why that's why you Nigerians wants to stay working. That's why nobody wants to work. No because some Nigerians will always want to some of us will feel like at all at all make I just collect this one. They will suffer and when they suffer too when they are burning out in what doing this work, you find that those people don't grow. This is the Lagos this is the Lagos way.

[00:16:29]For you to be able to get to work early, you leave you work Monday to Friday.

[00:16:33]It's not as if you work you work Monday to Friday. For you to be able to leave house, you go gas leave by 5:00 a.m. Sometimes some people they leave 4:00. Some people they leave 6:00.

[00:16:44]You will come take the stress of the of the of the of the of the traffic.

[00:16:49]You could go sweat finish. Come reach work. Come do what you supposed to do finish. Come go your break. Come do everything. Come come back work around that kind 8:00 p.m. Come back house around 8:00 p.m. or 9:00 p.m.

[00:17:01]Somebody go steal.

[00:17:03]The pay is not even worth it.

[00:17:06]Some companies no they consider it say okay we'll see where this person they come from or that person they come from.

[00:17:10]This There are some companies that will maybe they bring out bus to at least to help their staff to certain level for some people to go some kind place. You get? You know how the Nigeria be. You know how fuel And this person will try to do all this come like maybe 30 minutes later an hour late. You will still talk the talk But you will go drive with your sweet ride. With AC. everything And at the end of the day this this same person comes to your opportunity to be remote job where you will be using your own skills.

[00:17:38]They will feel pay them let's say a thousand dollars a month.

[00:17:43]>> a month And she is working from home. Relaxed, light day.

[00:17:49]>> Everything. She will not be working out to try to enter road. No stress, no traffic, no traffic any traffic again.

[00:17:55]And you come to complain like I can't I can't understand this.

[00:17:59]>> You know sometimes I don't really blame those companies, those private owned companies in Nigeria. Look at the government. What is even our minimum wage? As a government 75,000 So when some of these companies come and see that the government of government that are really leading these people are supposed to be taking care of the people are not even willing to do anything.

[00:18:20]And so they just say let's do let's do as anyhow we can do. Since the people who have the who are supposed to be doing the right thing are not doing it.

[00:18:28]These people now take that advantage to exploit some Nigerians >> Yeah. who really want to work money and feed themselves. Exactly. Because most of this money you see these guys make is just for feeding transportation Most of them don't end up buying any good clothes from the business.

[00:18:42]>> Nothing. They don't end up buying any shoe. Yeah. Someone is paid 200,000 a month and you have the family of you have your wife and you have your two kids. You have to pay for the school fees. You have to you have to buy food.

[00:18:53]>> No, 200,000 naira save. How you want to take do them? No, but this is what they pay. That's what that's what I'm saying.

[00:18:58]Like how you want to take do them with your family? When they put it 200,000 when these people the employees put it 200,000 they are like they are paying so much. You know because labor is cheap in this part [snorts] of the world. I swear. They are really using it to exploit See. On the on the on on that level it's cheap. Even they talk about normal corporate employment and all those people. Let even come down to people we get employees for house.

[00:19:25]You will get gate man. You will get cleaner.

[00:19:27]>> [clears throat] >> You will get nanny. All those things you they see they pay your gate man 40,000 naira, 50,000 naira a month, 30,000.

[00:19:35]>> Do you know that he get Pay your cleaner. Pay your cleaner 30,000. Pay your gate man 40,000 a month. And you they expect them to do what thing they they do. They come on time as they come before. No incentives, nothing at all.

[00:19:47]>> Let me even shock you. There are some homes you And you get open mouth. See they call money point tell them stop saying you be bad person. Wait say you Now you be deep There are some homes uh you go into and you see their nanny doing the job of a cleaner, job of a nanny, of a cook, job of a nanny. If care is not taken, the person will also join as job of the gate man. And they will be paid 50,000. 50,000. All right.

[00:20:10]See, [clears throat] the problem is not just to the money point guy who is complaining. The problem is generally.

[00:20:15]Some of these employers feel that those people they've employed are just slaves.

[00:20:21]The mentality needs to change from them.

[00:20:23]>> Exactly. The mentality needs to You you don't see people that you employ as a lower class.

[00:20:27]>> If I cannot afford to pay you what I I know that even if it's not the right exact market value, but something close to it.

[00:20:38]If I cannot afford to do that, I shouldn't Yes. Yes, you shouldn't. In fact, you know when we talk about this, we will talk about how the government can actually come in and help rescue this thing. Because in Nigeria, if there's a regulation of they say minimum wage, but if there's a regulation of what should be paid The minimum wage that it took where it it gets it from government So, I don't know. I don't [clears throat] know how I don't know how how it can come out of this.

[00:21:05]>> And saw go open they talk say why people they japa. No, japa na normal thing.

[00:21:08]Like how?

[00:21:09]>> this point, eh, people go continue to de japa because you invest in yourself so much and at the end of the day, staying back in Nigeria will not give you to yield that thing, the profit of what you've invested in yourself. Eh, you you say that Nigerians are talk with you see Yahoo boys and the rest of them. Eh, hookup. Yes, we we understand where he's coming from on that angle. The hookup culture or the fraud. But there are a lot of intelligent Nigerian PEOPLE SKILLFUL YOUNG, VIBRANT ONES >> THAT ARE FRUSTRATED. They can't even get their counterparts abroad. They're making so much.

[00:21:41]>> Before this guy should have said come out to say this as big as he is, he should have gone for proper proper scouting. He should have on his own gone out to look for Even if they go out to look for those people, are they willing to pay? Because these people don't already they do remote, though. There's nobody that will have that kind of skill that they are looking for that might not be engaged in one remote job or the other.

[00:22:00]>> shouldn't come out He shouldn't come out to just say >> Because you can't have that kind of skill and you don't know how to implement it by getting a good job that will get you paid remotely. Right.

[00:22:08]Because if you don't have that kind of job, because your date is open. If you don't have that kind of job, it essentially means that maybe you are not someone that it, you know, flows with remote jobs. Maybe you do can't be awake at night, all those kind things, which is understandable.

[00:22:22]>> [snorts] >> But if you have that kind of skill that they MoneyPoint looking for, why would you want to work for MoneyPoint? Are they paying anything close to what remote jobs outside? Maybe one San Francisco company or one Bahamas or one company in the UK You know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you know you I saw one video, one picture of some job. I think there was one job, one club that recruited, I think in Ibadan or something. I saw one picture guy No, sorry, in Abuja. One club in Abuja that recruited. Brother, if you see people with this small stamp you don't have because they want to collect money.

[00:23:03]Nigeria, anything. So, so the statistics could be right. They that 9,000 people came. Maybe out of the 9,000, you know that in Nigeria, person where study physics, they go for job where you no sabi. Person where study agri economics, you know, all these people are all graduates looking for jobs. So, those people can actually make up the numbers.

[00:23:20]I agree to that. But now, when you begin to select people you actually need, >> Mhm. when you select them really, really, really, will you be able to pay them to match up with what is being building the stand in up there? As you claim that you are an international market, a global market, global standard, that's what you're pursuing.

[00:23:36]>> you are you are an international market.

[00:23:37]You want to compete with them. You are competing with those outside there. So, you should be ready to actually do the right thing. It's just like Okay, let's come a little. It's just like playing a football match. And you know you're playing a very Your opponent is a very big team. And you say you want to prepare with You come and say, "Okay, you want to prepare with your second or third squad to compete with a a team like PSG or Bayern Munich with your third squad."

[00:23:59]My brother, THEY GO TRASH YOU. You can't get it up there. So, my question to you now, my brother, mhm, at this point, what do you think we can can be done? See, the thing is, to truth be said, I'll be truth be told, whatever, which one, whichever, this man who cannot tell me that he does not understand other yardsticks that may be make his story true. Yeah. Because you can't tell me that you all those situations you were not going to consideration if you're truly trying to understand the holistic reason why that is the case, which is, you know, you're not getting, you know, Nigerian talents, you know, to employ and all.

[00:24:39]I feel if that is the case, because you can't change it. The global The global market, the remote market has made these things too easy. I can't be training myself. I can't be growing myself, getting better, and knowing what my counterparts earn in other places, in other countries, and you come on come pay me one something will be say I no fit I no fit do am. No, it's not so. So, if that's now is the case that really it day they happen where be say you can't do that, you know, you can't get to pay those people what you need to pay.

[00:25:11]Why not? My mama been tell me one thing say when they been the day school if some parts graduates don't they graduate I like some be set don't they come out they graduate say that time some government officials some companies go come look the best of students where they that department where they they try get waiting they want get. Check people where they there. I did tell them if some of these firms can be on a lookout on the young talent. Go back to the roots.

[00:25:38]Go back to some reputable universities that you know that their talent are, you know, they are it speaks for itself.

[00:25:45]Pick those people, handpick the ones you can handpick, send send out words the best way you can. Train them. Try and see okay-o in 3 years you're going to be with us. After 3 years, you know, everything is right you still want to go on with maybe go another 3 years have some contracts ready. Not when you go get this kind contract this kind contract you come to treat them wrongly cuz there's no how you would nobody wants to work in a toxic place.

[00:26:09]Do you get me? So, if you can you feel that this is very crazy that you want to recruit and you I might say that it might not work because they are looking for some certain level of people to to meet the standard. But, I feel that if certain people if you have pick the best that best already understand that job because most of these experience where they find some people don't they already do am when they day university days. They get some people where they do am from where they they want when when we day school that time where get some remote job. You understand me?

[00:26:39]Where be say they even do remote job for some all those big companies but because they know the skill. Do the due diligence. Do your research. Get to meet those kind people. Train them. Keep them in your company for a while. If you can do this, you know, create an academy where you do this to recruit this kind of people that, you know, you need to fill up some certain roles in your company which are very vital and delicate.

[00:27:01]It can save a lot and you can't do anything to the big boys that are in the remote job making so much money. You can't blame you can't blame them until you're willing to pay them. That's why you get those kind of people.

[00:27:11]>> Yes. No. I feel that's That's it. You are very right. You are absolutely right because these boys learn to becoming structure structuring it.

[00:27:18]>> Exactly. If you this this whatever I see them picking them from the universities and everything.

[00:27:23]>> Or training centers or whatever. Lagos Business Schools, all these kind of places. This is where structure comes in because even those that brought this is what they do. They pick you from the young. They pick you from a particular age.

[00:27:33]>> Internship. Internship. Internship. Grow you.

[00:27:36]You know, expose you to so many things.

[00:27:38]>> You might say that you are doing the internship for years, but treat them right when the internship is going on.

[00:27:43]>> Yeah. Not when you're you're you're maltreating them.

[00:27:47]Make I no talk I beg.

[00:27:48]>> All right. That But guys, we'll see you guys some other time, man. I enjoy listening from Manchester from Radio Africana. We always tell you we'll be here once every week to give you the vibe all the way from Lagos, Nigeria.

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