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Nairaland Forum / Nairaland / General / Business / Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty (34875 Views)
Six Ways To Grow Entrepreneurship In Nigeria / Elumelu Seeks More Int’l Support To Boost Entrepreneurship In Africa / Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty (2) (3) (4)
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Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by LordIsaac(m): 11:27am On Mar 14, 2016 |
As this is not ''someone break my heart'' thread, again, we won't find them here. Infact, stay out of this thread. God bless you op. God knows I never partook of that enterprenueral rubbish in camp. I rather practiced more of O'level Maths and I tutor younger minds. 1 Like |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by jmizzy1(m): 11:27am On Mar 14, 2016 |
op yu don't reli knw anyfin about entrepreneurship. .....go n learn more about innovation n creativity b4 yu wil condemn entrepreneurship here 1 Like |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by aribisala0(m): 11:27am On Mar 14, 2016 |
Acidosis:What is the average IQ of Nigerians? I think you are talking nonsense. I do not know what you know about IQ but I will tell you a few facts . In Western societies IQ is measured on a scale up to 100(generally but could be more) "Normal" is considered at population level. and is considered to be about 100 with a range of 85-115. a standard deviation of 15 points from 100 is considered "Normal" so when we you talk of "average" IQ you could be talking of any of 3 measures of central tendency. What you display is an unfortunate tendency to make ignorant but confident and sweeping pronouncements on very complex issues of which you have threadbare knowledge and zero expertise. The reality is that human intelligence and intellect is a very formidable weapon even at low levels or marginally subnormal levels.Rarely is human intellect optimally deployed and often the main constraints are environmental i.e cultural,institutional religious political etc FYI the available records of WRITING date back about 5000 years. There is a clear correlation between civilization and the acquisition of writing but even at that if one considers the journey of the Human Race from 6000 years ago it may be argued that Mankind has been SLOW taking thousands of years to discover engines. Where were your "genius" Koreans 1000 years ago? or even 200? Western Europe specifically the Germanic peoples the Celts and even the Slavs lived in caves like savages for centuries cut off completely from the civilization that blossomed around Mesopotamia and the Levant. Today the Germanic peoples and their descendants dominate the planet. Their IQ has not changed they have acquired or been acquired by a different "culture" 2 Likes |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by OBAGADAFFI: 11:29am On Mar 14, 2016 |
Acidosis: Ironically big companies are not that innovative like petty entrepreneurs. Innovations usually start from petty entrepreneurs, big companies only buys into it when they realize it will drive up their profit and give them advantage over their competitor. |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by mandax: 11:32am On Mar 14, 2016 |
One adds: Nigeria is a sham with a President Buhari who asks: "those in the Niger delta who think oil belongs to them, where were they when we fought a civil war that cost about 2 million lives"? Where are the Barcarnistas of the Niger delta, the Ikwerre-no-be-Ibos in Rivers state, do they now see clearly that some set of Nigerians regard them as conquered and second class citizens of one Nigeria for ever? |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by aribisala0(m): 11:32am On Mar 14, 2016 |
Acidosis:A good definition is explicit and does not resort to examples it should stand on its own and then we can determine whether the examples match the definition and not the other way round |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by LordIsaac(m): 11:33am On Mar 14, 2016 |
So annoying. After 5 years of those terrible equations in natural sciences, you now resolve to reaching me how to make local polish after graduation in Nysc camp....chei...this country!! 1 Like |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Nobody: 11:36am On Mar 14, 2016 |
Acidosis:you just spoke mind...i was about saying the same thing. In otherwords, A pig can never be thought hygiene, the dirt traits is in its DNA. However, i beg to disagree with you, the IQ ish to me is rather foundational and due to faulty mindset |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by ITSaWRAPPP: 11:39am On Mar 14, 2016 |
Jethrolite: The irony of life is that most times, we put the wrong foot forward which is evident in your post. The second paragraph would have been off the first. I want to assume you know about sport cars. Are all sport cars built the same way having the same structure? Before you stereotype next time, consult GOOGLE. If you can't build a tower, don't bulldoze others' Cheers. |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Nobody: 11:40am On Mar 14, 2016 |
blueseacats:My brother what kind of smes are you talking about? Some of these smes you are alluding to are franchises of major cooperations that produce real innovative products that stimulate an economy not the fabricated craps that are found in third world countries. Artisans that make soap and fix computers or phone repaires can never grow an economy its only real entrepreneurs that produce innovative products and services that would take us there. 2 Likes 2 Shares |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by 2sexycom(m): 11:45am On Mar 14, 2016 |
oneolajire:Please, what does being Enterprising mean or being and Entrepreneur mean? What you are saying is solely dependent on how the owner of a business sees his business. This is why reading is VERY important, which is what many are lacking. When you read books written by other entrepreneurs, you will begin to see things differently. Do you notice anything about top entrepreneur? They don't engage in businesses that can not affect more their local environment, they think Global when they first started. That is the key! |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by aribisala0(m): 11:46am On Mar 14, 2016 |
I think there is a lot of naivety on display here. Ultimately the strong dominate the world. If you do not have technology you take it ,steal it or buy . There is a political dimension to the strength of nations and their economies. A cursory study of Empires and imperialism demonstrates that very well. Those who invented gunpowder are not necessarily the strongest nations. The US is strong today because of a combination of factors not least that it did what it needed to do at critical moments in history. Even in business companies are acquired or merged with and technology is transferred. Technology has no master once it is unleashed > Those who innovate do not necessarily derive the most benefits. International power politics is just as important |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by millhouse: 11:46am On Mar 14, 2016 |
Read later |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by 2sexycom(m): 11:47am On Mar 14, 2016 |
ade2008:My sentiment exactly! Dude is all about paper or what he has read. This kind of person will rather wait to have 1Million before starting out. Lol |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by menzo4u: 11:48am On Mar 14, 2016 |
@oneolajire This is indeed a mastermind piece from you. Well done! BUT... Your article is more channelled towards engineering as a field of study as far as entrepreneurship is concerened because it mostly leads to invention. What is your candid advice for a student of Business Administration, and some similar fields, because these courses do not have much to do with invention? |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Hafyz23(m): 11:49am On Mar 14, 2016 |
Reminds of one chinese furniture company that I happen to work there as spray-painter. Those chinese use our local woods and personel to produce but use imported machine equipments, like shooters instead of hammer and nail we use here, the shooter makes nailing become like u r playin,neat,fast and firm. Hammer for where? Machine do the cutting of woods,thereby, making work easy and very fast. Politicians do go there to buy their furnitures for homes and offices. Govs,ministers et.c. Another interesting thing is,you are paid 10k when first got there,later increase it to any amt if you improve on ur skill acquisition. Division of labour is well practised. From pple that cut to decorators,to sanding with diff grades of sanding paper,b4 it nw gets to spray-painter to Installer. All I'm saying is we need capital(money) to buy all these machines as the ones they are using,likewise our graduate engineers have to be up to their game as engineers that manufacture some little machines. One useless commisioner asked if we can work for him if he establish furn. Company like this. He asked if 10millions would be enough to start? We replied "yes". Only to see him buy furnitures for his new house after two months. "Government no dey send their citizen"- Oritse Femi. |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Opulencia: 11:49am On Mar 14, 2016 |
One of the greatest speech of all time is, "ask not what your country would do for you but what you can do for your country" plz, if u really know the full meaning of entrepreneurship, u won't write this long article. Well, u are subject to your own view. Anyway, entrepreneurs are the drivers of every economy including Nigeria. Please take time out and really read the history of the world including Africa. The rich are always the business gurus. U mention a few successful business men in America in product line but left people in service line. May be you don't know some of them. I will luv you to do a Lil research about China economy as to North Korea. Please, we need more entrepreneurs in Nigeria. Both in vocational and professional field. 2 Likes |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by mandax: 11:50am On Mar 14, 2016 |
JohnNgene: The leader of Nigeria's government today is only after having his region recolonizing the rest of Nigeria. Buhari jets about the world signing military pacts with Sunni Muslim countries, and with neighbouring African countries - for Pacts to conserve the existing flawed political structure and unitary government system of Nigeria which favour only the Buhari clan. |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by M16: 11:50am On Mar 14, 2016 |
Without seed fund from Angel Investors, where would Zuckerberg and Bill Gates be. Stop comparing apples with oranges. We need to start from somewhere, what you should advocate for is support for inventors, entrepreneurs, hustlers or whatever you may call them. No matter there level or standard, they will create employment and add value to society. What was the quality of Chinese products in the 60's and 70's when they were just copying and reproducing American and European products. The journey of a thousand miles starts with one step. Lets come together and see where we can help or support our local entrepreneurs. Maybe instead of spending money at clubs buying champagne or buying Luis Vuitton shoes, if we invest some of that money and our time they might amount to something. I will always use chivita as an example. When five alive and just juice were flooding the market, compare chivita's quality then to when OBJ banned importation of foreign juices and quality of chivita afterwards. Charity begins at home, lets put our money where our mouth is 1 Like |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by kuunlexbaba: 11:50am On Mar 14, 2016 |
You have said it's all,my brother..niceone |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by 2sexycom(m): 11:50am On Mar 14, 2016 |
oneolajire:I personally will NEVER depend on a government to equip me, then my purpose and time in school was a complete waste. |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by wristbangle: 11:51am On Mar 14, 2016 |
youngdad: In as much as I like your last sentence, your first sentence is insulting. The OP spoke the bitter truth and until we start thinking like developed countries, we will remain shallow and still creeping in development. Even if the OP has not contributed something physical, his article alone is an eye opener. |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Nobody: 11:52am On Mar 14, 2016 |
aribisala0:THis is the stealthy, raw and cold truth right here. 1 Like |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by MrCasper: 11:53am On Mar 14, 2016 |
An extremely myopic post. SMH. |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by 2sexycom(m): 11:54am On Mar 14, 2016 |
ourchoice:you should have quoted the OP when you made this post, bro. Nice one. |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Nobody: 11:55am On Mar 14, 2016 |
ade2008: Oga we're out here already getting our hands real dirty, but that doesn't dispute most of the op's assertions. The government seems to wear this "graduates are lazy" armour as the usual defense whenever they're being reminded of their monumental failures. 1 Like |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by aribisala0(m): 12:05pm On Mar 14, 2016 |
FxDuke:Someone said something about IQ I would say geography and location is important. You have better prospects in life if you are born in the US than in Burundi than a person of same IQ. This is equally true for Ikoyi, Victoria Island on one hand compared to Mushin Olosha on the other hand. That same principle applies to nations and the spread of technology. We must not forget that while nations have been literate for millenia in much of Africa we have not been writing/reading for up to 100 years whereas in the Middle East even before Christ was born they were damming the River Euphrates> Knowledge and Technology can spread in much the same way as the Flu or a Cold. We ,have been cut off from for a long time from much off humanity because of geography, that is the correct way to appraise our innovative deficit. One cannot understand these issues if one is ignorant of the history of nations and regions going back thousands of years .Then one can begin to analyse why the earliest movers are not on top today |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by DarkHenrie(m): 12:09pm On Mar 14, 2016 |
"Did America achieved greatness by emphasising on vocational trainings on how to make shoe polish, bake cake, produce detergents, event decorations , frying akara and establishment of football viewing centres? Did Britain get it right by teaching her youth how to start a beer palour and salon businesses or by ensuring technological dynamism? I wondered if it is mere phone repair training was what brought China among world's mobile phone producers. Over and over again, I see entrepreneurship and vocational education as a scam." Interesting. I thought i was the only one tired of all that celebration of entrepreneurship. I don't know how everyone has failed to see that this trend only signals a terrible failure on the part of government. Come to think of it, has the government even provided those conditions favorable to job creation? Why must everybody be an employer? How is self-employment generally doing in Nigeria? When everyone learns to Bake chin chin. Make paint and beads. Sew clothes. Drive a cab. Etc. Who will patronize who? How is the government supporting the already existing small businesses? Does Our Buhari shown himself to understand the concept of free market? |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by appetitto(m): 12:17pm On Mar 14, 2016 |
LordIsaac:You guys are really pathetic. With all the information available on the internet, you should be teaching people and not vice versa. Nobody can force you to do business, but remember that the richest people are business men and not salary earners. |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by freeman11(m): 12:19pm On Mar 14, 2016 |
oneolajire:what annoys me the most is seeing how the governement distributes "1000 KEKE Napep" as poverty eradication programs. that inflated purchase could be use to build a small factory where mechanics can manufacture keke napep |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Afritop(m): 12:26pm On Mar 14, 2016 |
ITSaWRAPPP:THAT IS THE PURPOSE OF THIS THREAD. ASSUMING THE GOVERNMENT GIVES MAXIMUM CONCENTRATION AND INVEST WISELY ON YOUR BUSINESS, YOU WILL BE MORE CREATIVE THAN YOU ARE AS AN ENTREPRENEUR 2 Likes |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by HenriFayol(m): 12:26pm On Mar 14, 2016 |
What an average Nigerian youth aims to achieve by learning vocational skill(s) is to earn money to feed and become financially relevant. I quite agree wit the OP. Entrepreneurship is beyond learning vocational skill - It could be the starting point though. Our government has a bigger role to play if we are to catch up with advanced countries. Entrepreneurship requires a lot of huge capital investment, which an average billionaire might not be able to handle. Our government can keep failing us, but my advice to the youth is that they engage in legitimate profitable business and look out for opportunities. 1 Like |
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