Seeing beyond the big picture: How Interswitch is re-writing the Nigerian ‘brain-drain’ narrative

 • Trains Software Engineering Graduates under Developer Internship Programme• Highlights latent opportunities in talent export

Local fintech sector appears hard-hit by increasing brain-drain trend… 

The exodus of talent from developing economies known as the ‘brain-drain’ syndrome remains a critical issue of concern, affecting not only the human resource development index of these economies but also cascading into numerous additional multiplier effects that militate against socio-economic growth and development. It appears the trend of highly-skilled Nigerian professionals from diverse fields, notably in sectors like health, technology and education, leaving the shores of the country for Europe, America and Canada in search of greener pasture is accentuating almost on daily basis.

Companies in the technology innovation space in Nigeria, especially fintechs and banks are witnessing an increasing trend in which the prime of our software engineering talent are being head-hunted and recruited by the best companies in the world, then herded off to North America, Middle East, Western and Eastern Europe, with attractive and widely unmatchable employment offers. Ironically, the bulk of these young men and women attended Nigerian Universities and have been nurtured by local fintechs to the level where they’re able to comfortably compete with the best from anywhere in the world, and as such appear attractive to these foreign technology enterprises.

According to a recent feature published by Quartz Africa, the exodus follows a decade of triumphs for the ecosystem which has recorded several startup and tech hub launches and attracted hundreds of millions of dollars in investment. The report interestingly highlights that while Lagos is the most valuable of Africa’s biggest tech ecosystems, it is also the least lucrative for software engineers, drawing comparisons between earnings of developers in Lagos against elsewhere and estimating that software engineers in Lagos earn around $5,000 less annually – a shortfall which is very likely causing many to seek higher-paying opportunities elsewhere. 

For Interswitch, the time has come to re-write the narrative…

For the Interswitch Group, it has become a case of seeing the glass as half-full, rather than being despondent, as far as the situation is concerned. With a view to not only promote the study of STEM (Science, Technology, Engineering and Mathematics) in Nigeria, but also to consciously re-frame the narrative around the issue of brain-drain of talented Nigerians to other markets, Interswitchrecently recruited a number of Software Engineers to participate in a six-month internship programme at the organization. According to the company, this vision draws analogies from the renaissance that Nigeria has witnessed, notably in the entertainmentsector (i.e. music and movies), which have boomed in recent years on the strength of the sheer resilience and sprit of enterprise of Nigerians, without a necessary dependence on government intervention.

These young Nigerians, who are currently being trained under the Interswitch Internship Programme,were selected through a careful process after a widespread call was made for newly graduated software engineers to apply.  The six-month intensive training will be focused on teaching the graduates basic engineering theories as well as real – life application and is designed to be an ongoing effort.

Drawing Analogies from the remarkable renaissance in Music/Entertainment…

Mitchell ElegbeFounder and Group Chief Executive Officer at Interswitch shed light on the company’s determination to ensure that thesegraduates develop into great engineers who can not only contribute to the growth of the local economy but can also go on to compete in the global tech marketplace, with potential benefits that would accrue to Nigeria, their home country.  He said: At Interswitch, we have a maxim that speaks to the capacity to ‘see beyond the big picture’, and that is exactly what we have chosen to do, against the backdrop of the seemingly negative sentiment around what appears to be the exacerbating loss of valuable talent to foreign markets. Instead of complaining about the problem, we are taking the bull by the hornsand challenging the prevalent mindset. We strongly believe that Interswitch is well positioned to contribute to re-writing the narrative around the issue of brain-drain from Africa. The reality is that whilst we may not be able to contain the exodus in the short term, the onus lies on tech firms like ours to aggressively raise a new generation of talent not just to meet our own recruitment requirements, but to replenish the talent pipeline for the localindustry. Our view is that we are in a position to champion this cause by grooming technology talent who are not only relevant within the local context but essentially also able to compete in a globalized world in which talent is in geographical flux.

Mr. Elegbe further elucidated that Interswitchrecognizes fintech talent export as a trend that can positively impact the economy and indeed the future of Nigeria. He highlights that Many years ago, we witnessed the remarkable growth of nascent industries such as what we call ‘Nollywood’ andof course, the music industry, into what today are significant economic and reputational capital contributors capable of contributing to the nation’s economy, harnessing local skills and technologies.

Besides being trained by the experts at Interswitch, he adds that some of the graduate interns who excelduring the programme will be considered for subsequent full-time employment at Interswitch.While the others would be prepped to add value to the burgeoning wider technology and entrepreneurship landscape in Nigeria, others may be inclined to choose to expose themselves to opportunities on the global scene. These opportunities offer some latent, currently overlooked but highly feasible benefits to the Nigerian economy, including a potential to boost the trend of international remittances into the country with obvious positive economic impact.

Nigeria’s perception as a leading source of globally competitive tech talent as a potential bright-spot…

Interswitch interestingly takes a view that the “brain drain” trend should not be an indicator of doom as the world is invariably starting to recognize that Nigeria has a talent pool of tech-savvy workforce who can contribute to this fast evolving and growing global economy.

Commenting on the academy and internship programme, Babafemi Ogungbamila, Group Chief Information Officer at Interswitch further volunteers that At Interswitch we believe that the exposure that these young men and women will have would augment their commendable effort at self-investment, with a view to becoming best-in-class developers and architects. These young people will represent the next generation of fintech entrepreneurs who after their stints abroad/ or during their stints abroad will build the next amazon, google or whatever will change the world 3-5 years from now. We have a unique opportunity to globally brand Nigeria as the source of uniquely qualified computing expertise and with time, the home of technological ingenuity.  

Babafemi goes on to say that The interns will spend the first three months with Interswitch,learning the theoretical application of software engineering.  This will be more of a classroom arrangement, but the next three months after that will be spent gaining hands-on work experience in engineering and softwaredevelopmentIn line with our company culture, we do not just want to train young people, but we want to equip them with those skills and experiences that will make them softwareengineers who can compete favourably with their counterparts globallyOur Human Resources department, together with the Technology group, are working hard to ensure these fresh graduates are developed not only to become great engineers but also to integraterelevant workplace readiness skills that are critical in the dynamic contemporary context of the world we currently live in, and this is going to be an ongoing initiative.

For Interswitch Group, the leading Pan-African digital payment solutions providers, the internship programme is geared at creating a positive net-effect by training more individuals in software engineering, thereby helping to stabilize talent locally in fintech (in view of the exodus to other markets), thereby driving national development. This is one of the ways the organization hopes to contribute to the reduction of the high rate of unemployment in the country, having consistently embarked on sustainable social responsibility projects; a case in point being the ongoing InterswitchSPAK which is geared towards the promotion of interest in STEM studies for senior secondary students in Nigeria.                               

            ​​​​


67 thoughts on “Seeing beyond the big picture: How Interswitch is re-writing the Nigerian ‘brain-drain’ narrative

  • April 10, 2021 at 3:43 pm
    Permalink

    Very great post. I just stumbled upon your blog and wished
    to say that I have truly enjoyed surfing around
    your weblog posts. After all I’ll be subscribing to your rss feed and I’m hoping you write
    once more soon! asmr 0mniartist

  • April 28, 2021 at 3:48 am
    Permalink

    Definitely believe that which you said. Your favorite reason seemed to
    be on the net the easiest thing to be aware of. I say to
    you, I certainly get annoyed while people consider worries
    that they just do not know about. You managed to hit the nail
    upon the top and defined out the whole thing without having side-effects , people could take a signal.
    Will probably be back to get more. Thanks

  • April 28, 2021 at 8:00 pm
    Permalink

    465950 449785What host are you the use of? Can I am getting your associate link for your host? I want site loaded up as quickly as yours lol 824466

  • April 29, 2021 at 5:57 am
    Permalink

    Pretty section of content. I just stumbled
    upon your site and in accession capital to assert
    that I acquire actually enjoyed account your blog posts.
    Anyway I’ll be subscribing to your feeds and even I achievement
    you access consistently fast.

  • April 29, 2021 at 9:08 am
    Permalink

    Why users still use to read news papers when in this technological
    world the whole thing is available on net?

  • April 29, 2021 at 2:06 pm
    Permalink

    Have you ever thought about adding a little bit more than just your articles?
    I mean, what you say is fundamental and all.
    Nevertheless just imagine if you added some great photos or videos to give your posts more, “pop”!
    Your content is excellent but with images and video clips, this blog could undeniably be one of the greatest in its
    field. Excellent blog!

  • May 3, 2021 at 10:48 pm
    Permalink

    Howdy would you mind letting me know which hosting company you’re using?
    I’ve loaded your blog in 3 different internet browsers
    and I must say this blog loads a lot quicker then most.

    Can you recommend a good hosting provider at a honest price?

    Thanks a lot, I appreciate it!

  • May 4, 2021 at 11:19 am
    Permalink

    It is appropriate time to make a few plans for the future and it’s time to be happy.
    I’ve read this publish and if I may just I desire to counsel you some attention-grabbing things or suggestions.
    Maybe you could write subsequent articles relating to this article.
    I want to learn even more issues about it!

  • May 7, 2021 at 11:48 am
    Permalink

    Every weekend i used to visit this website, for the reason that i want enjoyment,
    for the reason that this this web page conations truly good funny material too.

  • May 7, 2021 at 11:38 pm
    Permalink

    Excellent, what a webpage it is! This website provides
    useful information to us, keep it up.

  • May 9, 2021 at 4:44 am
    Permalink

    Thanks for finally talking about > Seeing beyond
    the big picture: How Interswitch is re-writing the Nigerian ‘brain-drain’ narrative – Newsnowonline < Loved it!

  • May 15, 2021 at 3:07 pm
    Permalink

    scoliosis
    Having read this I thought it was very enlightening.
    I appreciate you finding the time and effort to put this short article together.
    I once again find myself spending a significant amount of time both reading and posting
    comments. But so what, it was still worthwhile! scoliosis

  • May 16, 2021 at 12:41 pm
    Permalink

    scoliosis
    Your style is unique in comparison to other people
    I’ve read stuff from. Thank you for posting when you’ve got the opportunity, Guess I will just bookmark this web site.
    scoliosis

  • May 19, 2021 at 2:42 pm
    Permalink

    scoliosis
    Greetings! Very useful advice within this post! It is the little changes
    that make the largest changes. Thanks for sharing!

    scoliosis

  • May 19, 2021 at 8:26 pm
    Permalink

    854475 608410Yay google is my world beater aided me to find this outstanding web website ! . 506195

  • May 20, 2021 at 5:09 pm
    Permalink

    free dating sites
    Greetings from Ohio! I’m bored to tears at work so I decided to browse your blog on my iphone during lunch break.
    I enjoy the information you provide here and can’t wait to take a look when I get home.
    I’m amazed at how quick your blog loaded on my mobile ..
    I’m not even using WIFI, just 3G .. Anyhow, amazing site!
    free dating sites

  • May 21, 2021 at 11:06 am
    Permalink

    I got this web page from my friend who told me on the topic of this web page and now this time I am visiting this web page and reading
    very informative articles at this place.

  • May 23, 2021 at 3:18 pm
    Permalink

    If some one desires expert view about blogging afterward i
    recommend him/her to pay a visit this weblog, Keep up the fastidious job.

  • May 24, 2021 at 2:57 am
    Permalink

    I don’t even understand how I ended up right here, however I assumed this
    publish was once great. I don’t recognize who you are but
    certainly you are going to a famous blogger when you are not
    already. Cheers!

  • May 24, 2021 at 7:06 pm
    Permalink

    Hi there, its pleasant post on the topic of media
    print, we all understand media is a enormous source of facts.

    Reference article for what i talking about : สล็อตbetflik

  • May 25, 2021 at 9:44 am
    Permalink

    Wonderful work! That is the type of info that are meant to
    be shared around the net. Disgrace on Google for
    now not positioning this submit higher! Come on over and seek advice from
    my web site . Thank you =)

  • May 25, 2021 at 3:01 pm
    Permalink

    Whzts upp very cool site!! Guy .. Excellent .. Superb ..
    I will bookmark yiur blog and take the feeds also? I’m happy to search outt so many useful
    info right here in the puut up, we’d like work out more techniques in this regard, thank yyou for sharing.
    . . . . .
    Cá cược tổng thống web site
    parimaht

  • May 26, 2021 at 10:49 am
    Permalink

    Oh my goodness! Impressive article dude! Many thanks, However I am
    experiencing difficulties with your RSS. I don’t know why I can’t subscribe to it.
    Is there anybody having similar RSS problems? Anyone that knows
    the answer will you kindly respond? Thanx!!

  • May 26, 2021 at 6:31 pm
    Permalink

    It’s great that you are getting ideas from this post as well as
    from our argument made at this time.

  • May 29, 2021 at 4:11 pm
    Permalink

    Pretty! This has been an extremely wonderful article. Many thanks for providing these details.

  • May 30, 2021 at 2:58 pm
    Permalink

    Greetings! I know this is kinda off topic nevertheless
    I’d figured I’d ask. Would you be interested in exchanging links or maybe guest writing a blog
    article or vice-versa? My website covers a lot
    of the same topics as yours and I believe we could greatly benefit from each other.
    If you are interested feel free to send me an email.
    I look forward to hearing from you! Awesome blog by the way!

  • May 31, 2021 at 1:58 am
    Permalink

    I’ve read several good stuff here. Certainly worth bookmarking for revisiting.
    I surprise how a lot effort you put to create such a great informative web site.

  • May 31, 2021 at 12:36 pm
    Permalink

    Hey there I am so thrilled I found your blog page, I really found you by error, while I was
    searching on Askjeeve for something else, Nonetheless I am here now and
    would just like to say cheers for a remarkable post and a all round entertaining blog (I also love the theme/design), I
    don’t have time to read it all at the minute but
    I have bookmarked it and also added in your RSS feeds, so
    when I have time I will be back to read more, Please do keep up the
    superb work.

  • June 1, 2021 at 11:52 am
    Permalink

    Hey there would you mind stating which blog platform you’re working with?
    I’m planning to start my own blog soon but I’m having a
    tough time making a decision between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your layout seems different then most blogs
    and I’m looking for something completely
    unique. P.S Apologies for getting off-topic but I had to ask!

  • June 10, 2021 at 3:39 pm
    Permalink

    I am no longer positive the place you are getting your information, however great topic.
    I needs to spend some time finding out much more or working out more.
    Thank you for fantastic information I used to be in search of this information for my mission.

  • June 23, 2021 at 2:41 pm
    Permalink

    Hi there to еvery one, the ⅽontents present at tһis web page are genuinely amazing
    for people knowledge, ᴡell, keep up tһe
    nice wоrk fellows.

  • June 24, 2021 at 10:21 pm
    Permalink

    Great blog! Do you have any helpful hints for aspiring writers?
    I’m hoping to start my own blog soon but I’m a little lost on everything.
    Would you advise starting with a free platform like WordPress or go for a paid option? There are so many
    options out there that I’m completely overwhelmed ..
    Any suggestions? Cheers!

  • June 29, 2021 at 5:21 am
    Permalink

    เว็บหลัก betflik.com เว็บสล็อต และการปั่นสล็อตเจนใหม่
    เปิดใหม่ชั้นนำปี 2021 ด้วยระบบเติม – ถอน อัตโนมัติ
    ที่รวบรวมเอาเว็บสล็อตและคาสิโน ยอดนิยมมาไว้ที่นี่เพื่อความสนุกของสมาชิก
    เพียงสมัครสมาชิกสมัครรับยูสเซอร์เดียว
    ท่านสามารถเข้าเล่นสล็อต เกมยิงปลา และคาสิโน จากหลายๆแบรนด์คาสิโนดัง จากบริษัทเกมโดยตรงกว่า 15 เกมสล็อต ยกตัวอย่าง เช่น Qtech, PGslot, JokerGaming, NETENT, PlayStar, PP PragmaticPlay,
    BPG BluePrint

    นี่คือส่วนหนึ่งจากแบรนด์เกมส์คาสิโนชื่อดังต่างๆไทยและต่างประเทศ

    อีกทั้งยังสามารถเข้าพนันคาสิโนสด บาคาร่าออนไลน์ เสือ-มังกร และเกมลูกเต๋าเดิมพันรูปแบบต่าง จากค่ายดัง เช่น SA Casino, Sexy Gaming, WM Casino, DGCasino, เซ็กซี่ บาคาร่า
    โดยบริษัทได้รวบรวมทั้งหมดนี้ มารวมไว้ที่เดียว

    ที่ BETFLIX เรามีระบบออโต้ที่รวดเร็ว ระบบสมาชิกที่ใช้ง่าย และเล่นได้ทุก อุปกรณ์
    ไม่ว่าจะเป็น Pc, iOS, แอนดรอยด์ อีกด้วย สมัครสมาชิก betflix

  • July 3, 2021 at 2:32 pm
    Permalink

    Greate post. Keep posting such kind of info on your site. Im really
    impressed by your site.
    Hello there, You’ve performed a great job. I will definitely digg it
    and personally recommend to my friends. I am sure they’ll be
    benefited from this site.

  • July 20, 2021 at 1:05 pm
    Permalink

    Excellent article. I absolutely love this site.
    Continue the good work!

  • July 27, 2021 at 7:38 pm
    Permalink

    Hello, this weekend is nice for me, since this occasion i am reading this fantastic educational piece of writing here at my house.

    Also visit my web page; taxi cab

  • August 9, 2021 at 6:20 pm
    Permalink

    May I simply say what a comfort to uncover someone that actually understands what they are talking about on the internet.
    You definitely realize how to bring a problem
    to light and make it important. A lot more
    people must read this and understand this side of the story.
    It’s surprising you aren’t more popular since you
    most certainly have the gift.

  • August 11, 2021 at 6:47 am
    Permalink

    I do accept as true with all the ideas you have presented for your post.
    They are really convincing and can definitely work.

    Nonetheless, the posts are too brief for starters. Could you please
    prolong them a little from next time? Thanks for the post.

  • August 11, 2021 at 10:46 pm
    Permalink

    Hi, I do think this is an excellent blog.
    I stumbledupon it 😉 I am going to revisit once again since i have
    book-marked it. Money and freedom is the greatest way to
    change, may you be rich and continue to guide other people.

  • August 15, 2021 at 10:24 pm
    Permalink

    I every time emailed this weblog post page to all
    my friends, for the reason that if like to read it afterward my links will too.

  • August 16, 2021 at 11:35 am
    Permalink

    hi!,I love your writing so a lot! percentage we be in contact
    more about your article on AOL? I require an expert on this area to unravel
    my problem. Maybe that is you! Having a look ahead to look you.

  • August 17, 2021 at 10:19 am
    Permalink

    I got this website from my pal who shared with me concerning this website and now
    this time I am visiting this website and
    reading very informative content at this place.

  • August 22, 2021 at 1:52 pm
    Permalink

    Heya! I understand this is somewhat off-topic but I had to ask.
    Does operating a well-established website such as yours require a
    massive amount work? I am completely new to running a blog but
    I do write in my journal daily. I’d like to start a blog so I can share my
    experience and views online. Please let me know if you have any suggestions
    or tips for brand new aspiring bloggers. Appreciate it!

  • August 26, 2021 at 9:32 am
    Permalink

    Heya i’m for the first time here. I found this board and I find It really useful & it helped me out
    a lot. I hope to give something back and aid others like you aided me.

  • September 1, 2021 at 12:42 am
    Permalink

    Everyone loves it whenever people get together and share ideas.
    Great site, stick with it!

  • September 2, 2021 at 3:53 am
    Permalink

    I used to be able to find good advice from your blog articles.

  • September 2, 2021 at 4:22 am
    Permalink

    Sweet blog! I found it while surfing around on Yahoo News.
    Do you have any tips on how to get listed in Yahoo News?
    I’ve been trying for a while but I never seem to get there!
    Thank you

  • September 4, 2021 at 2:34 pm
    Permalink

    An outstanding share! I have just forwarded this onto a co-worker who had been conducting a
    little homework on this. And he in fact bought me lunch because I discovered it for him…

    lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanx for
    spending the time to talk about this issue here on your web site.

  • September 5, 2021 at 6:10 am
    Permalink

    This article offers clear idea designed for the new visitors of blogging, that genuinely how
    to do blogging.

  • September 11, 2021 at 9:29 am
    Permalink

    I got this web site from my friend who shared with me concerning
    this web site and now this time I am browsing this site and reading very
    informative content at this time. cheap flights http://1704milesapart.tumblr.com/ cheap flights

  • September 13, 2021 at 2:33 pm
    Permalink

    Hey just wanted to give you a quick heads up. The words in your content seem to be running off the
    screen in Opera. I’m not sure if this is a formatting issue or
    something to do with web browser compatibility but I thought I’d post
    to let you know. The style and design look great though!
    Hope you get the issue resolved soon. Cheers quest bars https://www.iherb.com/search?kw=quest%20bars quest bars

  • September 13, 2021 at 6:14 pm
    Permalink

    Excellent post. I was checking constantly this blog and I am
    inspired! Very helpful info particularly the final
    section 🙂 I care for such information a lot.
    I was looking for this certain information for a very lengthy time.
    Thanks and best of luck. scoliosis surgery https://coub.com/stories/962966-scoliosis-surgery scoliosis surgery

Leave a Reply

Your email address will not be published.

%d bloggers like this: