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Nairaland Forum / Nairaland / General / Business / Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty (35364 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 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: 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: 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: |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Setaje(f): 12:48pm On Mar 14, 2016 |
Lescott7: 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: 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 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: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: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: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: 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: 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: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 too my sister. |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Nobody: 1:44pm On Mar 14, 2016 |
blueseacats: 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: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 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: 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: 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: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: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!!! |
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 1 Like |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by ypeace: 3:43pm On Mar 14, 2016 |
oneolajire: 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. 1 Like |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by ifyan(m): 4:33pm On Mar 14, 2016 |
banito1: God bless you. Nigerians should stop comparing us and the advanced world 1 Like |
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