I hear that a new entrant in the GSM space is dangling N40m carrots to poach from the existing competitors. Meanwhile, the banks are paying N40-N45m for bright young things to come home - that's UK190k or nearly US$400k! Nigeria has joined the global hunt for talent, pushing demand ever further beyond supply, with salary costs chasing the tail. I hear that one of the top banks actually forced a pay cut on its lower ranks a short while ago - probably so they could hire more big guns. Again, a friend is looking to rent in Ikoyi. It appears there is nothing available under US100k per year. Haba. Who can live in Lagos these days with high class and low class slums as far as the eye can see?
Salma Abdulai - Fonio Entrepreneur
1 hour ago