Tosin Eniolorunda, Moniepoint CEO shares insightful opinion on Nigeria's business landscape, and some of his points have got tongues wagging
What Tosin Eniolorunda said
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Tosin Eniolorunda, CEO of Moniepoint, spoke at The Platform Conference about execution and building a great company. He shared his journey from Interswitch to founding Moniepoint in 2015, which now processes 8 out of 10 offline transactions in Nigeria, serves 6 million businesses and 10 million personal customers, and is the largest merchant acquirer in Africa. He emphasized that ideas are worthless without execution and outlined a seven-part mental model: goals, structure, people, context, systems, governance, and incentives. He stressed setting specific numeric goals, building structures that serve goals, hiring the right people, and motivating them through meaning, mastery, membership, and money. He also expressed concern about Nigeria's talent pool, noting the company stopped hiring outside Nigeria in 2024 but struggled to find world-class local candidates, blaming education and culture.
Key takeaways
Moniepoint processes 8 out of 10 offline transactions in Nigeria and is the largest merchant acquirer in Africa.
Moniepoint has 6 million business customers and 10 million personal customers, with 5,000 employees across 17 countries.
In 2024, Moniepoint decided to hire only from Nigeria, but struggled to find enough world-class talent.
Moniepoint disbursed 1 trillion naira in loans to businesses last year and processed 14 billion transactions worth 500 trillion naira.
Eniolorunda argued that ideas are worthless without execution and that the biggest challenge for entrepreneurs is themselves.
Numbers and commitments
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8 out of 10
offline transactions processed by Moniepoint in Nigeria
This is a man whose work you may not see, but your business, your money, your transactions depend on it. Oluwatobi Eniolorunda is the founder and CEO of Moniepoint, one of Africa's most powerful fintech platforms, providing banking, payments, credit, and business tools to millions of entrepreneurs. He began his career at Interswitch, helping build the backbone of Nigeria's digital payment infrastructure before founding TeamApt in 2015, now known as Moniepoint. Under his leadership, the company has grown into a unicorn valued at over $1 billion, processing billions in transactions monthly. Today, Moniepoint powers commerce for hundreds of thousands of businesses across Nigeria. Tobi represents execution through infrastructure, building systems that don't just support ideas, but sustain entire economies. Ladies and gentlemen, this is execution at scale. Please put your hands together for Tobi Eniolorunda.
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Eniolorunda, T. (2026, May 7). Moniepoint CEO shares unpopular opinion at The Platform Conference | Tosin Eniolorunda [Interview transcript]. Learners' Hub. CEOInterviews.AI. https://ceointerviews.ai/interview/894063/
MLA
Tosin Eniolorunda. "Moniepoint CEO shares unpopular opinion at The Platform Conference | Tosin Eniolorunda." Learners' Hub, 7 May. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/894063/.
BibTeX
@misc{eniolorunda2026_894063,
author = {Tosin Eniolorunda},
title = {Moniepoint CEO shares unpopular opinion at The Platform Conference | Tosin Eniolorunda},
howpublished = {Interview transcript, Learners' Hub. CEOInterviews.AI},
year = {2026},
month = {may},
url = {https://ceointerviews.ai/interview/894063/},
note = {Speaker-attributed transcript with timestamps}
}
