ICT Growth and the Fintech Boom: A Mismatched Capability Perspective from Nigeria

Abstract

This article draws on both, dynamic capability theory and reviews of contemporary market research studies to assess the sustainability of Nigeria’s burgeoning fintech sector. It highlights the need for targeted education and training schemes to address a skills-driven, dynamic capability mismatch between larger and micro-enterprise employers in Nigeria’s organizational landscape. The talent pool of qualified candidates is limited, competition is intense, and the fintech boom has led to substantial emigration of the young and digitally skilled. Although unevenly distributed government efforts are evident, micro-employers have yet to benefit from these interventions.