A Bloomberg report has indicated that Nigerian banks have been hit by an exodus of tech talents.
Abubakar Suleiman, chief executive officer of Sterling Bank Plc, speaking to reporters at the end of a meeting of bank CEOs on Thursday, said that many of their very experienced talents especially in the area of software engineering are either leaving the industry or leaving the country, referring it to a great resignation.
The meeting came as traditional lenders in Africa’s largest economy face stiff competition for talent from technology startups attracting increased funding from international investors and offering better working conditions, in and outside the country.
According to report, Africa-focused startups raised a record $5 billion last year, with those specializing in digital and mobile payments and lending soaking up most of the funding while two economic contractions in the last five years have also forced some Nigerians with globally marketable skills to leave the country, with the US, Canada and UK being preferred destinations.
According to Suleiman, the Chartered Institute of Bankers of Nigeria, the umbrella professional body for lenders in the country, will drive the process of training more skills in the area where they see deficits.
At the meeting, the executives, also discussed plans to fund training for new tech-focused staffers to replace those who have resigned.
0
0
