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Nairaland Forum / Nairaland / General / Politics / The Curious Case Of The Young Generations – FEMI PEDRO (2130 Views)
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The Curious Case Of The Young Generations – FEMI PEDRO by hasyak(m): 9:47am On Oct 16, 2015 |
The curious case of the young generations – FEMI PEDRO Sometime in 1988, I received a call from a good friend, Mr Akin Akintoye, about an interesting investment opportunity with a few colleagues. After a series of meetings, it became very clear to me that we were about to embark on an audacious but incredibly special journey, and I was excited about the prospect of being a part of such a project. For almost 2 years, I worked alongside the likes of Akin Akintoye, Fola Adeola, Tayo Aderinokun (of blessed memory), Gbolly Osibodu, Bode Agusto and a few others on this investment project. As of 1988 when we began the journey, Fola was 34, Tayo was 33, Gbolly was 33, Bode was 33, Akin was 35 and I was 33. The objective: To own a BANK. It was a bold objective considering our respective ages at the time, but certainly not an impossible task in our eyes. So we began to hold countless meetings at Fola’s residence in 1988, until we eventually shifted base to Tayo’s First Marina Trust office in Victoria Island. By late 1989, we were ready to put in our bank application at CBN, along with the required minimum capital. This effort was spearheaded by Fola and Tayo (the two brains behind the entire operation), and supported by about 40 persons (including myself), most of whom were in their early 30s and working for different organizations at the time. The end product? We formed arguably one of the finest financial institutions Nigeria has ever seen- Guaranty Trust Bank (known as GT Bank today). The bank was licensed on the 1st of August, 1990 and we commenced banking operations later that year. A group of young boys in their early/mid 30s OWNED a bank! We simply dreamt big, and turned this dream into reality. I am taking the liberty to reflect on this chapter of my personal history against the backdrop of some of the criticism about the ages of some of President Muhammadu Buhari’s ministerial nominees. The argument being brandished about is that by nominating the likes of Chief Audu Ogbeh as ministers, our President is somehow blocking the destinies of younger Nigerians by preventing them from occupying such positions. People are quick to reference Yakubu Gowon and Murtala Mohammed as being relatively young when they ascended to power, and they argue that the same opportunities that young people had in the past are no longer available today. They also argue that around the same time we were forming GT Bank in the late eighties, there were also a number successful young entrepreneurs who distinguished themselves as well - Bola Tinubu (Treasurer at Mobil Oil), Gbade Ojora (ED Mobil Oil), Jim Ovia (Zenith Bank), Erastus Akingbola (Intercontinental), Dele Momodu (Publishing), Tony Elumelu (Standard Trust), Liyel Imoke (Politics), O’tega Emerhor (Standard Alliance Insurance), Aig Imoukhuede and Herbert Wigwe (Access) and Atedo Peterside (IBTC) are some of the noteworthy youngsters who made an impact in various fields in Nigeria at the time. But what some of the proponents of the argument against the older ministerial nominees fail to realize or remember is that even in my early thirties, we also had very established industrialists like MKO Abiola, Otunba Subomi Balogun, etc, who all operated during our time. We respected them, but neither felt overwhelmed by their success, nor daunted by the prospects of climbing up the ladder. We simply forged ahead with our plans and damned the consequences. The point is nobody cleared the way for us back then, so young Nigerians today should not expect that anyone would clear the way for them either. Perhaps, at play is the venting of some on-going frustrations by the younger generation today, but it is important to put things into proper perspective. I have spent a lot of time mentoring, observing and interacting with young Nigerians. Today’s youth are no different from those of my generation about 30 years ago. They are faced with the same pressures, frustrations, uncertainties and life vicissitudes that we faced in our late twenties and early thirties. However, the marked difference is how young Nigerians apply themselves today. Most of us who made an impact in our early thirties came from modest means. We were not rich, and we did not have any noteworthy inheritance. Nobody did us any favours, and the older generation did not give us a pass or a nudge in the right direction. In fact, the military administrations at the time made it extremely difficult for us to participate optimally in business, governance and politics. We did not have social media, and there was no technology to aide our goals. We were simply big dreamers determined to make a difference. We were highly enlightened and career-oriented, so we were able to force our way through the door by working extremely hard. So what exactly needs to change amongst young Nigerians today? First, young Nigerians have to humble themselves. You have to be willing to learn the ropes and hone your craft. Around the age of 27, I left the relative comfort of a steady career at CBN to learn under the tutelage of Otunba Subomi Balogun, the visionary and pioneer behind FCMB. Working as Otunba Subomi Balogun’s executive assistant was an experience of a lifetime. He was (and still is) a well-organized and thorough individual. He strongly promoted excellence and perfection, and did not condone indolence, laziness or poor quality work. He was also an impeccable dresser, always elegantly attired in all-white traditional wear or perfectly tailored quality suits. I picked up these virtues and adopted his style of leadership and management in my future endeavors. I was opportune to travel with him to attend corporate and other board meetings. I gained valuable and practical experiences in corporate board management and boardroom politics, which became useful tools later in my career. Secondly, you must know your worth. Do not settle for less, and do not allow yourselves to be used by selfish political interests. Challenge the status-quo. Challenge the establishment. The youth make up a sizeable portion of the Nigerian populace. By extension, they have the loudest voices and the biggest potential. Alan Moore, a prominent British author opined that “People shouldn't be afraid of their government. Governments should be afraid of their people”. This is especially true with regards to young Nigerians. You are more powerful than you give yourselves credit for. Our current president was victorious in large part due to the votes cast by young Nigerians, and you must continue to remind yourselves of this fact, because 2019 is already fast approaching. Thirdly, and crucially, young Nigerians have to eliminate distractions. Do not get carried away by the allure of good living, bling, fame and fortune. Stay on the straight-and-narrow path. Distractions are the proverbial pot-holes; they slow you down from reaching your destination and damage your wheels in the process. By all accounts, social media is obviously the biggest distraction. It is a powerful tool, but can also derail you from focusing on the bigger picture. The most discerning amongst you will know how to navigate social media without hindering your ability to make significant inroads in the economic and political fabric of Nigeria. I have been impressed with what the likes of Linda Ikeji, Bellanaija, Don Jazzy, TY Bello, Jimi Mohammed, Banke Meshida-Lawal and other young Nigerians have been able to accomplish at such a young age, and it should serve as an inspiration to other young Nigerians in various fields as well. Finally, take advantage of opportunities, no matter how small or inconsequential they may be at the time. Expect no helping hands. And when these opportunities present themselves, grab what you can. During our cabinet meetings, my boss and mentor, Asiwaju Bola Ahmed Tinubu always quipped that “Power is never served a-la-carte”. This is indeed true in the context of where young Nigerians currently are, and where they need to be. These are the sacrifices that the youth have to make today. I have a lot of faith in the youth of today, but young Nigerians need to start having 4 Likes 1 Share |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by aog: 9:51am On Oct 16, 2015 |
wow |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by OVI75(m): 9:59am On Oct 16, 2015 |
I doubt this wil mak it to front page. shid incase it does am second to comment. Well Mr. pedro advise it well taken. |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by modath(f): 10:12am On Oct 16, 2015 |
OVI75: I hope it does. This will open a lot of minds & heads.. |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by forgiveness: 10:14am On Oct 16, 2015 |
This is a mind lecture for the youth to regenerate their mindset. I will do more on this kind of mind lecture. Na dis king writeup suppose enter front page. @ishilove lalasticalical |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by Nobody: 10:29am On Oct 16, 2015 |
nice one.... |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by laudate: 3:22pm On Oct 16, 2015 |
hasyak: WORD!! I simply loved this post. I had to edit it, to bring out the salient points that struck a chord in me. The young people of those days, were able to do so much with so little. 40 of them came together from different backgrounds, worked together for 2 years to build a bank that has become synonymous with greatness, both within Nigeria and a few other African countries. If na today, those 40 would have scattered in disarray after just 2 weeks! The young folks of today instead of thinking big, just log on to NL to rain insults and curses on other ethnic groups and perceived enemies. Femi Pedro, in the words of the poem Abou Ben Adhem by Leigh Hunt, I say "May your tribe increase!" May your name be recorded in the portals of history, as one who spoke words of wisdom into the souls of men! 6 Likes 2 Shares |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by oluwaisaac(m): 3:57pm On Oct 16, 2015 |
Timeless piece this is! |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by Bonzoker(m): 4:25pm On Oct 16, 2015 |
Wow,I'm Impressed |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by delpee(f): 7:43pm On Oct 16, 2015 |
Nice write up. Unfortunately those who should read and learn from it are more interested in tribal bashing threads, news on the Kardiashians and their ilk and all kinds of unrewarding ventures. Some will even be waiting for someone to summarise; they can't even read! If this doesn't get to front page, I won't be surprised, only worried that we're really losing it as far as the future is concerned. The settlement and entitlement mentality has taken deep root obviously. May we learn to do things the right way before it's too late. In all this, I sincerely admire the courage, creativity and initiative of some youth like Linda Ikeji, Tara Durotoye, Funke Opeke etc Young people should read the stories of successful Nigerians outside politics to understand that determination and initiative go a long way in achieving success. Attitude is indeed everything! 3 Likes |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by Sweetguy25: 8:12pm On Oct 16, 2015 |
Things have drastically changed. First of all, The quality of education you received in the 80s is totally different from what youths of this generation receives these days. Secondly, the population of youths weren't as high as it is currently. Thirdly, the country had not fully deteriorated to the failed state it is today. You can't compare youths back then and youths of today. Youths back were the guys who enjoyed what was left of this useless country called Nigeria. They had free meals in Universities, better lecturers and education system. They had less competition, better opportunities and generally better standards of living. Cultures, media and technologies that promote laziness and mental retardation (pornography, video games, twitter and social media etc) weren't rampant or were virtually non-existent back then. It is totally impossible for a youth to start a bank in this dispensation. It will amount to nothing but a pipe dream. The current state of the Nigerian youth population shows that the future of Nigeria is very dark and gloomy. 2 Likes 1 Share |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by Nobody: 8:15pm On Oct 16, 2015 |
Sweetguy25: That's all. |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by Nobody: 8:27pm On Oct 16, 2015 |
OP, please do me some favours by adequately spacing what I'll call a great piece. Please. |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by hasyak(m): 12:22am On Oct 17, 2015 |
Sweetguy25: It seems you're missing the point. 1 Like |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by laudate: 1:01am On Oct 17, 2015 |
Sweetguy25: Plenty of excuses were running through your post. In what way has the standard of education received in the 80s changed from what is being given out now?? Kindly be specific by spelling it out in chapter and verse. In the 80s, there were no longer any free meals anywhere. Squatting had become the order of the day from the mid-eighties onwards, as there was no longer any free accommodation space in the hostels. I used to visit my older siblings in the uni then, and I know what they went through to get an education. Today, you guys have social media, internet, mobile phones, Google and all kinds of NGOs offering entrepreneurial trainings, YouWIN and all kinds of programmes. Were those things available in the 80s? No. There is an adage that says 'he who dares, wins!" Most of the youth today lack any direction for their lives. They are too busy sagging their trousers and their brains, to think constructively outside the box, and see what kind of innovative things they can create which would etch their names in the annals of history. |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by delpee(f): 1:52pm On Oct 17, 2015 |
laudate: You got it right! Nothing has ever really been easy. Women sold their wrappers and stuff to send their kids to school in the past. Maybe free education has rendered many lazy and dependent on government for everything. I remember classmates in University who genuinely hustled to see themselves through school. A guy used to wake up early to do alabaru for market women in a big foodstuff wholesale market and will be back to campus in time for lectures. I know many who overcame their challenges and obstacles and are big men/women today. They didn't wait for godfathers and " connection". When you raise your hand in a positive way, God sends helpers your way or shows you the way. It's unfortunate that most young ones spend more time analysing why they're not progressing than thinking of how to proceed and succeed despite the challenges. Impatience is not a good virtue for those who want sustainable success. Attitude, focus and determination make a lot of difference in our lives. 1 Like 1 Share |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by delpee(f): 2:04pm On Oct 17, 2015 |
What more evidence does one need really of the embarrassing situation of today. How many deemed it fit to read the story? You get to hear comments like ' it's too long', 'its boring' ,'thats in the past'. Really? Even the kind of grammar I read here sometimes makes me wonder. That is after taking typo errors into consideration. Lets do ourselves a favour by reading biographies of successful men and women. Most of them started out without any undue advantage. They're many in our society. Meanwhile to learn and be entertained at the same time, those who care should visit the Nairaland Picture album thread. You won't regret it. |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by laudate: 2:48pm On Oct 17, 2015 |
delpee: Na true you talk, jare. If it was an epistle about D'Banj's new girlfriend, or Korede Bello's new hairstyle, you will see them commenting in droves. God dey! |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by delpee(f): 8:23pm On Oct 18, 2015 |
Thanks Laudate. May God grant you more wisdom and bless your efforts in amazing ways. We continue to pray for greater awareness and a wonderful future for our young ones as we encourage them to be more patient and focused. So many wonderful opportunities abound for those who care to learn and dare. |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by laudate: 10:23pm On Oct 18, 2015 |
Thanks for your kind words, Delpee. I stumbled across another article that made my day. It was the text of a speech delivered by Chude Jideonwo at the Red Media Awards recently. Again, it reaches into events of the past to draw inspiration for the present and lessons for the future. "We Stand on the Shoulders of Giants” | by Chude Jideonwo |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by hasyak(m): 12:19pm On Oct 19, 2015 |
delpee: +6.7 |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by Sweetguy25: 1:45pm On Oct 19, 2015 |
laudate: Do you want to compare the standard of education in the 80s to what obtains today? Jeez! Have you ever been to a male hostel in a Nigerian federal university in present times? I finished from one and I can tell you that is not a rosy experience. We were seven roommates in a 2 man room, it is even in a worse condition now. Things have changed, you can say that Nigeria was bad then but the truth is that it is worse now. There is more competition in everything- there are more universities and polytechnics; more graduates; The social media is nothing. For the most part, it has become a tool that has been used to enslave the youth into perpetual laziness and redundancy. All the NGOs and programmes you mentioned are mechanisms and tools to avert disaster, if they weren't available, the youths would burn Nigeria to the ground because of their unemployment and hopelessness. They are nothing more than paliatives. They weren't needed back in the day because job security and employment were more available than it is today. University students back then were hopeful that they would get employment once they graduate and this was the case. That is why Femi Pedro's friends could sit in their rooms and plan on starting a bank. Which graduate would dare think of such a feat right now? I'm not trying to make excuses but Nigeria as at 2015 is almost useless. We shouldn't try to blame the youths for being lazy, we're nothing but vestiges of a totally failed educational and social system. 1 Like |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by Sweetguy25: 2:00pm On Oct 19, 2015 |
delpee: As a mother back in the day, you could sell your wrapper and jewelries to see that your kids have get educated but if you're doing that today, you're wasting your time and money. Back then, the chances and hopes of your kids getting employd after graduation were very higher than they're today. The unemployment situation in Nigeria today is absolutely terrible. For example, look at the NIS recruitment scandal that happened last year? Are there any records that over 5 million people tried to apply for jobs that were available in not less than 10000 postions back in the 80s? NO! You can't compare the 80s to today. Nigeria today sucks! I wish I was born in the 70s. 1 Like 1 Share |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by laudate: 2:38pm On Oct 19, 2015 |
Sweetguy25: Guy, I really do not have the time or energy to take your points apart piece by piece, but trust me...you guys have it much easier now than it was in the 80s, when there was no mobile phone, and you had to queue for hours to make a 3-minutes call, if you were lucky to get a dial tone on the analogue sets. There was no internet then, and no way to call up information at the touch of a button. Now you have all sorts of software programmes that are easily accessible. Now there are iPads, android tablets and all kinds of communication gadgets. Can you imagine what would happen if the world wide web were to go out of existence now, for just 48 hours? And in the 80s, the quality of hostels in public universities was just as bad as it currently is, now. Flashback to 1985 when as a young kid, I used to go with my older relatives to visit my older siblings, in the universities. They had 6-8 people in a 2-man room, so what you are saying is nothing new. Free meals ended in 1979/80. So in the 80s and beyond, you had to pay for your meals. Accommodation on campus was NT guaranteed, even if you came from Kafanchan to school in Unibadan. And there were no jobs on graduation at that time, either. The communications sector had not been deregulated and neither were the banks. Government controlled almost everything. NGOs providing training for the youth were non-existent, and career counselling was done in trickles as most people did not have access to such services. Today there are private universities in many states, and if your parents or relatives are rich enough to pay your tuition and accommodation costs, at least university education is guaranteed. This is why we urge folks like you to go back into history and conduct some research. Be thankful for small mercies, as things could have been worse. Today, you have mobile apps for transferring money online and ATMs that can dispense cash on demand. What did those youths have then? Today, there are online job portals like Jobberman, CareerNG etc. to aid your job search. Did anyone have that in the 80s? Whosai! Yet they were still able to think constructively outside the box. The Femi Pedros of those days, were working hard at their day jobs, and brainstorming at night, on how to create a great bank that would change the face of the industry. Innovation does not depend solely on how much cash you have in your pocket, but how much creativity resides in your brains! |
Re: The Curious Case Of The Young Generations – FEMI PEDRO by hasyak(m): 8:43pm On Oct 19, 2015 |
Sweetguy25: You guys are still missing the point, the opportunity then are different from what's on ground now. you should look at the opportunity now and apply yourself, the Internet is here and the opportunities are limitless, even this platform is one. You sound defeated even before you start Thinking. there's always opportunities somewhere you only need to try it out |
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