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Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty - Business (5) - Nairaland

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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 banio: 12:30pm On Mar 14, 2016
Your write up is Super. You nailed it. Our entrepreneurship is just beer parloured. Though we have a few exceptions, which I am still sceptical that they are 100% local.
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by scarred9jan(m): 12:35pm On Mar 14, 2016
oneolajire:



[b]Friend, go over the post once again. I neither wrote that all entrepreneurs must be inventors nor all investors have to be entrepreneurs. Thank God you own a fashion outlet,so seems you are out of the unemployment market. But my major concern is how to make maximum profit from education to eradicate unemployment and generate real time jobs. Engineering graduates need to immensely contribute the technological development of the nation by setting up their own engineering businesses and not by opening beer palour businesses cos of unemployment. Graduates from other courses also have their contributions to make as well.

Nigeria needs more than fashion outlets, we need garment factories. We need to set up companies that will turn wool to clothes. We need to put an end to the massive importation of foreign wears. Cos I know that there is no tailor(or fashion designer)that can do that in Nigeria. We should learn to be able to start small scale business in cloth production from the raw materials. We should develop our machine design and production capacity to be able to create finished products(such as various garments) that can compete with the foreign ones.[/b]

Another problem with Nigeria is our 'I' mentality. You talk about an Economic issue and he could only think of his personal success.
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Ethan015(m): 12:40pm On Mar 14, 2016
I think what government need do now that they have failed completely is to accept a very low task for businesses in Nigeria. Yes, since they can't provide the basic amenities which is why businesses should pay task.

They should do promo in task payment to attract foreign investors... Invest 2 and pay for 1... lol

God help Nigeria coz our leaders are not thinking about us... all they care for is themselves...

Imagine! till now no new policy to redirect the economic trend...I'm afraid things may just fall apart one day... seriously... Nigeria itself is a scam!!!
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by christopher123(m): 12:47pm On Mar 14, 2016
PRISTINE STUPIDITY

SMEs and Start up is what put China and USA in the map, stop sitting around and wait the government to give you a job...Go create a job, You can fry Akara, package MoiMoi and do something unique, you will have the capacity to grow. Dangote, Ibeto, Coscharis all started small...do not look down on the days of humble beginning

Above all stop these long post..people are easily bored by it. Learn how to Itemize your reports. It makes people read it and be striaght to the point


Entrepreneurship is the best way to curb unemployment. I am an anambra man and I know what SMEs meant and how it has put us in the map....so smell the coffeee when you wake up


As of now keep sleeping while the Asians and South African keep reaping in NIGERIAN Economy



Bye
oneolajire:
Nigeria is a country where all big investors have no inventions (tangible or intangible) to their credit. Bill Gates, Henry Ford, Michael Dell, Thomas Edison and the likes all have products to patent, but most entrepreneurs we have in Nigeria have invented nothing and have made it through dubious means. 

Entrepreneurship/vocational education is government's way of telling the youth and graduates that she (the government) lacks industrialisation and job creation strategies while the youth have been left to fate.

Entrepreneurship/vocational education is government's way of making the youth/graduates look intellectually lazy and burdensome as well as telling them that they are have been abandoned in the valley of unemployment. Unemployment rate increased simply because government owned industries and companies get strangulated by the python of corruption as well as the refusal of the government to establish new ones.

Entrepreneurship in advanced countries is about innovations, inventions, improvements, expansions, people and institutional empowerment. Modern and sophisticated skills are being utilised to manufacture goods and services which culminates into abundant job creation.

Entrepreneurship in Nigeria is of the graduate job seeker told to engage in bead making, soap making, hair dressing, laundry and so on. These businesses have neither inventions nor advancement to add to the business practice and the economy, as they also have little or no impact on the international market. 

Entrepreneurship in Nigeria is also of the rich that colludes with the government to defraud the masses, destroy public corporations and infrastructures in order for them to import alternative goods. The rich set up few enterprises and often pay peanuts to their employees in order to increase their wealth; culminating into increase in poverty level and underemployment in the country.  

The government of advanced countries often invest billion of dollars on education and research, so they always have intellectuals who will offer innovative products and services to the world. These products and services are initially developed into small scale businesses as they many even grow into large enterprises. While Nigeria keeps wasting hard earned funds on Small and Medium Scale (SME) development, yet the businesses are nowhere to be found.

Only an insane person will keep doing the same thing the same way and expect a different result. Am yet to see a nation that got developed by investing so little on the education of her youth and students but spend so much on SME propaganda. Still searching for a nation that gave nothing more than mere, non-professional, common, stark and non-sophisticated skills/training to her youth and achieved rapid industrial development.

Why should we buy a trailer engine, fix it in a car and try to make it compete with an aircraft? Why should we make people earn mere skills and expect them to compete with foreign sophisticated technologies? We have to know that the issue of local production of goods and services is a serious competetion with the developed nations.

Some questions for the proponents of entrepreneurship/vocational education.
 When will out textile, fashion and leather industry be able to make products of international standard? When will a Nigerian mechanic be able to manufacture car engines and other motor parts? When will our furniture makers be able to make furniture that will compete with ones made overseas? When will a computer repairer be able to produce motherboards, memorycards, monitors, just to mention a few?

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.

Take a look at the furniture industry in Nigeria, you'll discover it is almost dead because foreign furniture has flooded the Nigerian market. Foreign furniture makers have been able to introduce much variety of products with various designs, even at exorbitant prices, yet people still buy them. Imported furniture  attains this much because modern machines are regularly produced to make new designs of furniture, but here in Nigeria, we only buy simple tools, we don't engage in design and manufacture of  machines/tools to be used in the furniture industry, so we are perpetually making furniture that cannot compete with the foreign ones. It is only engineering that provides modern machines, stack entrepreneurship cannot.

Entrepreneurship and and vocational education has never helped Nigeria in the manufacture of modern machines for production of finished goods that can compete favourably with imported ones. The best entrepreneurship has offered us is to use social media means to engage in selling of imported products as well as setting up of few businesses with the use of foreign machines. It is appaling for government to still keep preaching the sermon that can never bring solutions to us.

Every sector of the Nigerian economy has been badly affected by the erroneous policy of entrepreneurship and vocational education. From the agricultural sector to the transportation sector, from manufacturing to education, from construction to entertainment, name it, we have rendered our nation incapacitated when it comes to production of goods and services. There can never be abundant job opportunities as long as we keep executing this lame practice. 

I wonder why we have not given so much vocational training to professional operating as doctors, nurses and pharmacist in the medical field. We give this set of people trainings that can make them compete favourably with their foreign counterpart. I believe it should appear proper to the government to substitute entrepreneurship and vocational education with the training they receive in the teaching hospitals.  The government (after emptying the laboratories and workshops of polytechniques and universities) substituted requisite training for our engineers and scientist with entrepreneurship and vocational training, so they are rendered handicapped when it comes to provision of modern goods and services as well as job creation.

It is high time we changed our job creation policy of entrepreneurship and vocational studies to provision of qualitative education at all levels, especially science and technology education so that Nigerian graduates would possess requisite modern and sophisticated skills for our nation and the world market at large. It is only qualitative education and intensive research that can initiate intellectual thinking for creation of innovative goods and services.
 
Entrepreneurship and vocational studies have been found to have contributed immensely only to economy of nations with massive investments in education and research. Singapore and South Korea are the examples of nations that have eradicated illiteracy and have invested huge funds into science and technology education, so entrepreneurship thrives there.

Let the laboratories and workshops of our secondary schools and higher institutions be adequately equipped with modern and facilities so as to provide avenues for learning practicals. We need to replicate the likes of Bill Gates and Mark Zuckerberg who utilised the qualitative education they obtained in the tetiary institutions to create worldwide business ventures in their fields.

Real entrepreneurship is when Nigerian graduates of electrical engineers can produce transformers, power generation turbines, alternators, televisions from local technologies. Metallurgical engineers must be able to produce steel for oil and gas pipelines as well as in train and car manufacturing. Combustion engines, pumps, hydraulic and pneumatic parts must be what our mechanical engineers must be able to manufacture from their companies. Businesses of agricultural science graduates should able to feed the nation cos they should empowered to do so. This is what is called real entrepreneurship.

Businesses that leads to industrialisation are offshoots of science and technological discoveries and investments. The kind of entrepreneurship Nigeria needs is one in which Nigerian chemical engineers can set up refineries and petrochemical companies with the aid local resources. I would also love to see mobile phones, computers and other information technology gadgets developed and commercialised by Nigerian graduates of computer science. 

The entrepreneurship that Nigeria needs is one in which local engineering enterprises will be able to metamorphous  into multinationals like General Electric, Ford Motors, Chevron, Microsoft Corporations,Tata Steel and the likes. This is how we can solve the problem of unemployment as well as put an end to the massive importation of good in Nigeria. However, with this, Nigeria will become industrialised and be listed among the developed nations of the world.

oneolajire2000@yahoo.co.uk

5 Likes

Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by jaybee(f): 12:47pm On Mar 14, 2016
Interesting and instructive! emphases mine.

oneolajire:



[b]Friend, go over the post once again. I neither wrote that all entrepreneurs must be inventors nor all investors have to be entrepreneurs. Thank God you own a fashion outlet,so seems you are out of the unemployment market. But my major concern is how to make maximum profit from education to eradicate unemployment and generate real time jobs. Engineering graduates need to immensely contribute the technological development of the nation by setting up their own engineering businesses and not by opening beer palour businesses cos of unemployment. Graduates from other courses also have their contributions to make as well.

Nigeria needs more than fashion outlets, we need garment factories. We need to set up companies that will turn wool to clothes. We need to put an end to the massive importation of foreign wears. Cos I know that there is no tailor(or fashion designer)that can do that in Nigeria. We should learn to be able to start small scale business in cloth production from the raw materials. We should develop our machine design and production capacity to be able to create finished products(such as various garments) that can compete with the foreign ones.[/b]
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Setaje(f): 12:48pm On Mar 14, 2016
Lescott7:
Sincerely all those things they call entrepreneurship in Nigeria are not in anyway related to the economic and common sense meaning of what entrepreneur actually meant. Most things they call entrepreneurship such as Barbing, tailoring,make-up,bead making etc are Vocational skills and not entrepreneurship. Entrepreneurship in a normal sense is beyond what we call it in Nigeria and Universities in Nigeria are actually making this misconception, entrepreneurship is simply seeing opportunities and responding to it positively. The bottom line is that, you are not an entrepreneur when you into or have acquired the so called vocational skills wrongly perceived to be entrepreneurial skills. An entrepreneur is someone who sees opportunities where others fail to see and it's not someone that is learning barbing where there seems to be more than enough barbers.

God bless you.
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by jantavanta(m): 12:51pm On Mar 14, 2016
aribisala0:
Someone said something about IQ I would say geography and location is .......... 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>

P 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

History has been falsified through missionary educational fraud, in order to mass market White Supremacy.

https://www.nairaland.com/944789/import-gods-import-goods-services

https://www.nairaland.com/930023/black-african-origin-alphabets

Africa has been busy developing others for 2,500 years.
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by abbey621(m): 12:56pm On Mar 14, 2016
Entrepreneurship is not about inventions but innovation. There are some parts to your post that are invalid. For example you stated America did not become great by people hawking or trading. It would be wise of you to note that America became great through local production and small scale businesses. Entrepreneurship is much more than personal gain, it is about coming up with a product or service that changes the way people do things. You don't have to come up with something new but you can take something already in existence and change the way it works, it's about revolution! To say most entrepreneurs in 9ja achieved success through dubious means is not only false but slanderous, we have hard working entrepreneurs in 9ja who had risen above all odds to become a success. Even in advanced countries like the U.S, more and more people are working for themselves. Entrepreneurship is not a scam, it's the future!

3 Likes

Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Deen77: 12:58pm On Mar 14, 2016
blueseacats:
You nailed it, one thing the op did not mention is that sme's account for more than 80% of employment in developed world . Our major problem is corruption and lack of orientation for the populace.

You forget to mention Bank interest rate that is killing industry.
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by aribisala0(m): 1:06pm On Mar 14, 2016
jantavanta:


History has been falsified through missionary educational fraud, in order to mass market White Supremacy.

https://www.nairaland.com/944789/import-gods-import-goods-services

https://www.nairaland.com/930023/black-african-origin-alphabets

Africa has been busy developing others for 2,500 years.
My point is the fact that a people appear more developed is not evidence of higher IQ. It is a function of culture and geographical location that allows them to interact with other cultures that may have developed better ideas at a particular point of time .So please form the habit of reading things and comprehending completely before selecting a side point to respond to
We are talking about written records and history and you are giving me some ridiculous nairaland links about alphabets.

The issue is not about whether Africa has been developing anyone or not .That is not my point. The point is that many nations developed because they were able to exchange ideas and information with each other because of their geographical location
The Germanic peoples who rule the world today were considered savages by the Romans

All humans developed some form of symbolic representation"writing" but whatever was developed in our part of Africa was at best rudimentary
Can you provide ONE JUST one Written account about ANYTHING written about ANY PART of black Africa in Africa?
We should take responsibility and not blame colonialists or missionaries. We had such great empires as Benin Oyo and so on and NOT one written account exists.? What about archaeology surely we must be able to dig something up?. All the coherent written records know are in Arabic script e.g Kanem Bornu dynasties
Let us be honest with ourselves.Even the white people in Northern Europe too did not develop writing at the time that it was present in the likes of Egypt Iraq etc anyway in summary you missed my point which was not about who developed writing first that is irrelevant .

2 Likes

Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by sholay2011(m): 1:11pm On Mar 14, 2016
One of the best NL threads I have seen in a while. OP is one of the few people that are thinking outside the box.

I believe OP is not necessarily criticising the idea of entrepreneurship we have but he is trying to open our eyes into a different side of it. That different side itself criticises what we have held unto for too long.

@OP..the truth also is, not everyone is wired for invention. Personally, that's why I haven't been motivated to go into 'business'. Why should I be selling what everyone is also selling? Why can't I discover something or invent something new? I really want to invent...even if na economic theory. I just don't want to live life like another business savvy person that's trying to survive. To each his own at the end of the day.

1 Like

Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Nobody: 1:17pm On Mar 14, 2016
Reski:
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.
Yes they can, only if Nigerians like you and I believe in them as much as they believe in themselves, (artisans that makes soaps?) maybelline was an artisan that made mascara by mixing coal and Vaseline, if he was a Nigerian nobody will buy, his dreams will die in favor of imported options , if eBay founder was a Nigerian his business model will die because how can you make Nigerians buy your used stuffs and somehow make you the middleman between buyers and sellers of used junks. Our orientation is really bad.

1 Like

Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by aribisala0(m): 1:20pm On Mar 14, 2016
sholay2011:
One of the best NL threads I have seen in a while. OP is one of the few people that are thinking outside the box.

I believe OP is not necessarily criticising the idea of entrepreneurship we have but he is trying to open our eyes into a different side of it. That different side itself criticises what we have hel unto for too long.

@OP..the truth also is, not everyone is wired for invention. Personally, that's why I haven't been motivated to go into 'business'. Why should I be selling what everyone is also selling? Why can't I discover something or invent something new? I really want to invent...even if na economic theory. I just don't want to live life like another business savvy person that's trying to survive. To each his own at the end of the day.
People do not have to invent anything to be good businessmen or entrepreneurs. The process of monetizing inventions is very different from the process of invention.
There are enough inventions already to secure our prosperity. Do we need inventions to secure electricity or good roads or hospitals or fire service etc. Do we need inventions to have a national carrier or world class airports. Inventions are not OUR PROBLEM right now. All the inventions needed to improve our lives exist already so net us not get things mixed up. The World Chocolate industry is about $100 billion , a few years ago KRAFT foods BOUGHT CADBURY .Kraft is America whilst Cadbury was British neither country grows a single cocoa tree. What are the innovations in that industry. Nigeria's problem is not innovation. Though people may choose all kinds of elastic definitions. The truth is we are VERY IGNORANT OF THE EXISTING TECHNOLOGIES and this is evident in our workmen and labourers and the training they receive. We see this in our buildings ,roads etc. What does innovation have to do with asking 1000s of people to sit an exam in a stadium?
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by oneolajire(m): 1:27pm On Mar 14, 2016
mandax:
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?

this is not an issue of APC or PDP, it is a national policy issue.
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by jantavanta(m): 1:27pm On Mar 14, 2016
aribisala0:
My point is the fact that a people appear more developed is not evidence of higher IQ. It is a function of culture and geographical location that allows them to interact with other cultures that may have developed better ideas at a particular point of time .So please form the habit of reading things and comprehending completely before selecting a side point to respond to
We are talking about written records and history and you are giving me some ridiculous nairaland links about alphabets.

The issue is not about whether Africa has been developing anyone or not .That is not my point. The point is that many nations developed because they were able to exchange ideas and information with each other because of their geographical location
The Germanic peoples who rule the world today were considered savages by the Romans

All humans developed some form of symbolic representation"writing" but whatever was developed in our part of Africa was at best rudimentary
Can you provide ONE JUST one Written account about ANYTHING written about ANY PART of black Africa in Africa?
We should take responsibility and not blame colonialists or missionaries. We had such great empires as Benin Oyo and so on and NOT one written account exists.? What about archaeology surely we must be able to dig something up?. All the coherent written records know are in Arabic script e.g Kanem Bornu dynasties
Let us be honest with ourselves.Even the white people in Northern Europe too did not develop writing at the time that it was present in the likes of Egypt Iraq etc anyway in summary you missed my point which was not about who developed writing first that is irrelevant .

We lost our cultural Independence and we are searching for technological Independence through advancement in self-rejection.

What is wrong with Nairaland Links? You want Oxfordland and Harvardland Links?

Oduduwa himself will agree with me that we live in our history, even the written records on our faces and bodies that people now call tribal marks.

You want to know more about written records stolen by your colonial master friends? Read more about Prof Ubianuju Acholonu Research Centre.
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Nobody: 1:34pm On Mar 14, 2016
Entrepreneurship in Nigeria is of the graduate job seeker told to engage in bead making, soap making, hair dressing, laundry and so on. These businesses have neither inventions nor advancement to add to the business practice and the economy, as they also have little or no impact on the international market.

finally someone who puts into words my thoughts.

hallelujah.

its my prayer that the next administration/regime take education very serious and makes it top budget cos this present one doesn't look like it would.
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by aribisala0(m): 1:36pm On Mar 14, 2016
jantavanta:


We lost our cultural Independence and we are searching for technological Independence through advancement in self-rejection.

What is wrong with Nairaland Links? You want Oxfordland and Harvardland Links?

Oduduwa himself will agree with me that we live in our history, even the written records on our faces and bodies that people now call tribal marks.

You want to know more about written records stolen by your colonial master friends? Read more about Prof Ubianuju Acholonu Research Centre.

Read and comprehend properly. I am sure what you have written is very important to you BUT your points as interesting as they might be are not relevant to the point being made or thread.Diversionary
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Lescott7(m): 1:44pm On Mar 14, 2016
Setaje:

God bless you.
God bless you too my sister.
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Nobody: 1:44pm On Mar 14, 2016
blueseacats:
Yes they can, only if Nigerians like you and I believe in them as much as they believe in themselves, (artisans that makes soaps?) maybelline was an artisan that made mascara by mixing coal and Vaseline, if he was a Nigerian nobody will buy, his dreams will die in favor of imported options , if eBay founder was a Nigerian his business model will die because how can you make Nigerians buy your used stuffs and somehow make you the middleman between buyers and sellers of used junks. Our orientation is really bad.

we have indigenous makeup products by Nigerians in Nigeria.
Tara, zaron BMpro etc

and we have OLX just like eBay. and people patronise OLX.
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Nobody: 1:51pm On Mar 14, 2016
Joavid:


we have indigenous makeup products by Nigerians in Nigeria.
Tara, zaron BMpro etc

and we have OLX just like eBay. and people patronise OLX.
How come we still complain about exchange rate ? Moreover I quoted someone , maybe you should read the original post, if financially able Nigerians have the chance they will buy all their stuffs on eBay , how many foreigners patronize olx or buy Tara ? We need export revenues .
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by oneolajire(m): 1:57pm On Mar 14, 2016
donestk:
Pls permit me to mail this article to my lecturers in business admin.


pls send me an email, lets communicate, my add is at the bottom of my post. U r blessed
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by jantavanta(m): 2:11pm On Mar 14, 2016
aribisala0:
Read and comprehend properly. I am sure what you have written is very important to you BUT your points as interesting as they might be are not relevant to the point being made or thread.Diversionary

Nothing diversionary intended. That the links between my points and the topic cannot be seen, is expected.

Their development is not merely by interaction, but by deliberately concealing, destroying and suppressing the development of others. This is effected through inserting cultural schizophrenia in the psych of others. That is why Japan took a bold step to drive away Euro-Arab missionaries with their exclusive claim to witten history and shut them out in order to develop. Today, Japanese history is not a speculation and we in Africa have something to teach them, concerning their origin here in Niger Area.

The "problem" of "lack of written records" was exploited by Karl Marx to declare that Africans have no History.
So, we are expected to accept "Jack and The Beanstalk" His-Story.

History is about us! Written History can be stolen, concealed or suppressed. There is a link between Cultural Independence and our quest for knowledge-value-added entrepreneurship.

No Knowledge of Self, no Knowledge Economy for Naija. An Engineering education without a cultural framework is a mere ideology.

Why did the investment in ratio 60-40 science to arts education yield more of pastors and imams? Because the teaching of sciences is based on an Eurocentric Cultural framework.
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Toperazzi(m): 2:20pm On Mar 14, 2016
I am in total agreement with the O.P. I think one of the problems we have in Nigeria is our contentment . Once a person goes into business and begins to earn something, we begin to celebrate them, invite them to tell the youths how it all started, and how they should follow the trail. Why is it that in developed countries, whenever a policy made by the Government is deemed unacceptable by the citizens, they take to the streets, strikes and social vices are deployed. Its not because the citizens don't know how to engage in small businesses, but because the Government has a responsibility to its citizens and respect that, but here in Nigeria we worship and mystify them. We know our rights but we have decided to accept anything thrown at us at the expense of giving them the opportunity to do the needful, not feeding their own pockets. Instead of investing in the so called Businesses we've painstakingly created we begin to feed from hand to mouth, why, because the money in circulation is fleeting into the hands of those we are stacking up Billions and taking it out of the system. Locally produced goods are expensive yet substandard, hence we fallback to imports (taking money out again). When will appreciation of other currencies like dollar not give us heart attacks. Until favorable Government policies for Educational and Extensive Business Research and Resources are made available by the Government (individuals are not given the liberty). Am afraid we will only continue the rat race and survival of the fittest which is becoming worse, as computers have almost replaced humans. Let the Government do their job, everything else will fall into place. Thank you.

1 Like

Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by ChinonsoDike2: 2:20pm On Mar 14, 2016
oneolajire:


Funny comment though! Do you mean the Ibos are not sharing the agony of unemployment and poverty? Have you ever lived in the South Eastern part of Nigeria before you make your erroneous assumption? Funny enough, you do not know the status of the writer nor what he has been doing to improve the quality of life in Nigeria. Your judgement is crass.

Ignore that fool. He lacks the intellectual capacity to understand you.
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by aribisala0(m): 2:33pm On Mar 14, 2016
jantavanta:


Nothing diversionary intended. That the links between my points and the topic cannot be seen, is expected.

Their development is not merely by interaction, but by deliberately concealing, destroying and suppressing the development of others. This is effected through inserting cultural schizophrenia in the psych of others. That is why Japan took a bold step to drive away Euro-Arab missionaries with their exclusive claim to witten history and shut them out in order to develop. Today, Japanese history is not a speculation and we in Africa have something to teach them, concerning their origin here in Niger Area.

The "problem" of "lack of written records" was exploited by Karl Marx to declare that Africans have no History.
So, we are expected to accept "Jack and The Beanstalk" His-Story.

History is about us! Written History can be stolen, concealed or suppressed. There is a link between Cultural Independence and our quest for knowledge-value-added entrepreneurship.

No Knowledge of Self, no Knowledge Economy for Naija. An Engineering education without a cultural framework is a mere ideology.

Why did the investment in ratio 60-40 science to arts education yield more of pastors and imams? Because the teaching of sciences is based on an Eurocentric Cultural framework.




I have no doubt that you believe everything you have written and that it makes a lot of sense to YOU!! That much is evident what I fail to understand is why you quoted me in the first place as I find you offering absolutely irrelevant to ME!! >

My point is that nations that interact with other nations develop or acquire technologies that give them an edge and even those that have appeared backward at some point in the past are now in front by changing their approach. Specifically I was addressing a suggestion that we are where we are because the "average Nigerian has a low IQ", a claim I deplore. Our problem was that Geography cut us off from developments around the world for centuries but that is no longer the case and so we can expect to become more innovative if we change some fundamentals

So I fail to see what your verbigeration has got to do with my post and why you quoted me
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Nobody: 2:44pm On Mar 14, 2016
abbey621:
Entrepreneurship is not about inventions but innovation. There are some parts to your post that are invalid. For example you stated America did not become great by people hawking or trading. It would be wise of you to note that America became great through local production and small scale businesses. Entrepreneurship is much more than personal gain, it is about coming up with a product or service that changes the way people do things. You don't have to come up with something new but you can take something already in existence and change the way it works, it's about revolution! To say most entrepreneurs in 9ja achieved success through dubious means is not only false but slanderous, we have hard working entrepreneurs in 9ja who had risen above all odds to become a success. Even in advanced countries like the U.S, more and more people are working for themselves. Entrepreneurship is not a scam, it's the future!
Thank you, I tried to make that case already.Americans adore small businesses like their life depends on, it's not so in Nigeria .
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by bjay13: 2:47pm On Mar 14, 2016
Seriously I see no reason why this simple msg can't be understood by some ppu here. I think u don't need to bother yourself arguing this issue in anyway if u've had to complete dat ur industrialized undergraduate project and grant would be d only avenue to achieve it. UNESCO expected 26% of ur national budget to go into education,do u know what dat means in d development of a nation and d world @ large? There would av been many innovations and creativity most especially with emperical studies. Government will neva benefit from sending anybody abroad to study without providing d necessary environment and facilities to achieve such fits. I totally agree with u OP. That was a well thought out write up.
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Coldfeets: 3:25pm On Mar 14, 2016


He really deserves it!!! cool
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by freshdude99(m): 3:27pm On Mar 14, 2016
Mr Op. I'm really sorry to say this, but I think u are lost like seriously. U don't just pick a pen and start writing opinions that aren't well thought of.
To start with, u don't know exactly what entrepreneurship is sir. For u to know this, search for Joseph Schumpeter's capitalism, socialism and democracy. Read it and u improve ignorance
Secondly there are different level of entrepreneurship, it could be necessity-driven or opportunity -driven. Sadly enough Nigeria and majority of Africa still find themselves on the former and that's a serious cause of concern
Thirdly wen rating economies, it could be factor-driven, efficiency -driven or innovation -driven. All these are dependent on competition and globalisation. Sadly enough again, majority of African countries are running a factor -driven economy because of our natural resources abundance and lack of saturation in terms of competitiveness of our local economy.
Mind you entrepreneurship cuts across every sector wether you are a government employee or a private practioner.
Truth is ur write up lacks deep and I see it as a mere complain of another Nigerian who wen given the opportunity to serve won't do anything different from what's already obtainable.
Finally I will end this submission by say that the prevailing economic condition is the only way Nigeria can make it to a developed economy by refusing to devalue the naira, encourage local consumption of local goods, make power stable and if possible give subsidies to local industries across all sectors of the economy etc.
Muoh Obinna
B.Tech Entrepreneurship and Business
muoh_4u@yahoo.com

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Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by ypeace: 3:43pm On Mar 14, 2016
oneolajire:



Good comment. The major challenge is that of the government that has deprived the educational/scientific environment of adequate assistance. We need a functional system that can make innovative ideas come to reality as well as innovative products being commercialised. There are only two engineering products that were innovated by Nigerians and have successfully been commercialised. They are the yam pounding machine and the EAT-SET device(used in blood transfusion). Unfortunately, both products were commercialised outside Nigeria cos we do not have the capacity to develop them from innovative stage to commercialised stage. Likewise, we have thousands of products in innovative stages but have never got to commercialised stage. Yet we still have more products to innovate. Our major problem is the environment(well equipped labs and workshops) to bring more innovative products as well as commercialised already innovated ones.

hello op, you have some nice points there, kudos, Have you read Francis Ogbimi's book, solution to mass unemployment in Nigeria?
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by ypeace: 4:13pm On Mar 14, 2016
The way some people reacted to what op said shows that majority of Nigerians don't even understand out problem just like their counterpart in government.


The similitude of this attitude is that, they are feeding a baby with adult's food according to Ogbimi in his book solution to mass unemployment in Nigeria. They failed to understand any step you take in the wrong direction takes you farther away from the required destination.

Entrepreneurers in Nigeria are characterized by ARTISANS, ILLITERATES AND A GRADUATE IN THE WRONG FIELD. This is a survival way not a developmental process.


Entrepreneures in the west are characterized by highly educated and skilled workforce enjoying the network of other skilled and highly educated workforce.



The problem of Nigeria is not lack of infrastructure, but lack of the knowlege and technical skill to construct the infrastructure........


Western nations are not developed because they had electricity and other basic infrastructure, they had the basic infrastructure because the are developed.

Only a man who take a careful study of the history of developed nation would understand this.


Therefore, readers, take the pain to study the turning point in the life of developed world and you will realise that

1. The western world, our leaders, and majority of Nigerians do not understand the problem of Nigerian....... We lack the required knowledge and skill

2. As a result of the above, all the efforts by Nigerians and our govt since independence have been steps in the wrong direction.

When Nigerians, Africans and third world nations realize this, they will not ask the leaders to give them 'adult's food' when they are still babies. They won't ask for good roads, electricity etc because these are results or fruits of developement. They will start to demand the seed of development which is learning - scientific, technological and moral knowledge, and the required skill to complement this.............. Peace be unto you all.

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Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by ifyan(m): 4:33pm On Mar 14, 2016
banito1:

Stop diving into deep waters! Bill Gates had a computer at a time when computers where as expensive as an aeroplane, and he was in high school! Both Steve Jobs and Bill Gates where allowed into the lab of IBM( it was a government programme that forced IBM to open up their labs to many smart kids in high school ), then it was the most advanced computer company. They both dropped out of college at different times because they were ahead of their lecturers in the field of computers.

God bless you.

Nigerians should stop comparing us and the advanced world

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