If you find a developer that meets your needs, hold on to them as long as you can. But don't fret if you lose them because it is a sellers' market, and your biggest competition pays in dollars. Lots of dollars.

This raises concerns for the future of local companies building for the local market. How do they hire, train, and retain the best talent to create the innovations we need?

Consider, for example, that the rising cost of talent is not yet matched by increasing consumer spending power.

The net salary recommended by recruitment agencies for a senior full-stack engineer has risen to almost ₦1 million ($2,000) net a month in 2021. Meanwhile, Nigeria's per capita consumer spending has declined in recent years, strained by multiple recessions and a weak currency.