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Nairaland Forum / Nairaland / General / Business / Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty (34874 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 christopher123(m): 7:15am On Mar 15, 2016 |
aribisala0: Have you ever heard that punctuality is the sole of business Well I won't blame you Have a great day |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by aribisala0(m): 7:16am On Mar 15, 2016 |
christopher123:I am sure you mean soul not sole Mr MsC |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by oneolajire(m): 7:45am On Mar 15, 2016 |
aribisala0: Na wa for the confrontations |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by aribisala0(m): 7:54am On Mar 15, 2016 |
oneolajire:Is that how you greet ? That is a childish way of seeking my attention |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by novodecipher: 8:53am On Mar 15, 2016 |
Very deep and well written. I share your sentiments 100%. In fact, I feel you just photocopied my mind. You are so point, with the bitter truth. Two things to take away from this write up are; Entrepreneurship is not for everyone, secondly, our leaders have failed the youths in terms of infra structural development and job creation. They now hide under entrepreneurship and vocational jobs for teaming youths and graduate who have no jobs. The now, paint the not so lucky once like lazy people. Though some of the youths are not far from being lazy but majority really will like to contribute their quota in fields that they are subject matter specialist. Than taken up anything, so as not to be seen as a lazy person; thereby breeding more square pegs in round holes. If the government must play the card Entrepreneurship the should look inwards in our tertiary institution and research institution equipping them and given them targets for every discipline to make sure the funds doesn't go down the drain. OP well done for stating and blaring your mind like Donald Trump..lol 2 Likes |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by banito1(m): 9:20am On Mar 15, 2016 |
ifyan:Thanks man. It just pains me to see people talk about all these American University drop outs without knowing the fact that they were already ahead of their lecturers. Some even go as far as saying Dangote didn't go to a university!! (he went to university of Cairo before the loan and all the other exploits we know about) |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by oneolajire(m): 9:40am On Mar 15, 2016 |
novodecipher: thanks I appreciate |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Maikey: 10:20am On Mar 15, 2016 |
Most insightful article I've read in a while... We have hurdles n obstacles to overcome in this country of ours! 1 Like |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by aribisala0(m): 10:39am On Mar 15, 2016 |
novodecipher:The fact that ideas resonate with you is not evidence of their validity. That is not logical . Rather it is just a confirmation of your prejudices whether right or wrong. It is sad that the yardstick people use to judge good ideas is the extent to which they "chime" . The underlying presumptions ( That the reader/listener is a worthy judge) is fallacious. We must be intellectually honest and aware to know how treacherous our opinions are as far as arriving at the truth on any matter is concerned. Sadly many prefer the "comfort zone" of their "knowledge" which is the prism for judging new ideas I read the article several times. Firstly its content bears no relationship to the title. Secondly what is it saying "in summary" . Nothing that one can hold on to . Instead it is a vent or less politely a rant of ideas with no coherence between then and then some OPINIONS dressed up as something else. It is an "undergraduate" effort and not an impressive one at that. Sure the title is provocative and the subject matter evidently topical and of great interest to many but what really is the OP's point in one sentence ? The headline? That entrepreneurship is a scam? Really? that without inventions entrepreneurship will not or cannot take off in Nigeria or what EXACTLY? He has not really proposed any way forward and I stand by my earlier position that his write up is a little better than useless 4 Likes 3 Shares |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by HenriFayol(m): 3:10pm On Mar 15, 2016 |
I understand where the OP is coming from. This article is not to discouraged youths from engaging in small and medium scale businesses. Government must understand that they lack job creation strategies. And to say the OP has not profer a solution, but to criticize is not correct. He has rightly said that our research Institute should be well funded among many others. We might have our diverse opinions but I believe deep down, our interest is the same. |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Tobex4realTobex234(m): 3:22pm On Mar 15, 2016 |
Everything is now online. You can get a better quality of education online now than you can ever have in any Nigerian classroom. My pastor once said, it's in the bad economy that we know the real stock brokers. It's true that the Nigerian environment is discouraging, but lying idle in that fact will not instigate an automatic transition to being a better person. As youths, I think we just all need to think Global, while acting local. PHP is the same everywhere, HTML is same everywhere, but Zuckerberg built a photo sharing app that has grown into a billion dollars business today. I am very sure someone somewhere in Nigeria had a better programming knowledge than Mark when he started building Facebook. Our major setback is the mindset. No need to blame the government anymore, we've been blaming them for the past 60 years or more. 1 Like |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by oneolajire(m): 4:15pm On Mar 15, 2016 |
HenriFayol: God bless you cos you saw my points and noted them to the critics and proponents of poverty inclined entrepreneurship. |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by ypeace: 7:10pm On Mar 15, 2016 |
oneolajire: From my own understanding, what you interpreted it to mean is not the exact thing Ogbimi meant. I will refer you to page 84 of his book, Solution to mass unemployment in Nigeria. Figure 8 shows that before a man is ready to be employeed, he must have 1. The theoretical skill (gained in sch) 2. Practical skill ( again to be gained in sch) 3. Relevant production skill ( this cannot be gained in sch). How will the third skill be gained? This third skill is the reason why it took Europeans a very long time to develop even though they have acquired knowledge and skill both the chinese, India and islamic medieval civilizations....... But they fail to link the knowledge acquired to existing industry......... This link is why we have Japanese technology (small size), German technology (durability, high strenght) etc. Remember that Ogbimi discourages privatilization or individualism but encourages industrialization........ Applying the above science theory to your example of an MSC graduate and blacksmit. A graduate will not be going to a 'privatized or individualized blacksmith' but an industrialized blacksmith.......... An industry full of old peoples experience and large tech and scientific problem........ Not only that, since this industry is into production, they have V= VL + VG......... By going into this industry, an MSC student aquires this and become a problem solving machine. A web of this type of MSC student will form the Nigerian version of German technology in the blacksmith (steel) industy.... I will refer you to the diagram again, the time to gain this relevant skill, according to the diagram is so small. Compare the lenght of TS, PS and RPS...... If you still disagree, I will be happy to know why. Peace........ |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by ypeace: 7:25pm On Mar 15, 2016 |
Christopher123, this is an exam period for me. I hope you will be patient enough for me to gather the response to you reply. If you do not have the patience, I will really like you to study the development of America and Japan, then china....... You made a statement about growth and development. From that statement, I guess you are not a science student. Take it to any field present on earth, from philosophy to biology, go to business or just any field there are enough example to show that there can be growth and no corresponding development.............. 1 Like |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by oneolajire(m): 8:07pm On Mar 15, 2016 |
ypeace: hum |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by oneolajire(m): 10:26pm On Mar 15, 2016 |
ypeace: Inform me when you are ready for discussion |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by christopher123(m): 9:30am On Mar 16, 2016 |
ypeace: If you are done with your examination we will talk, I wish you good luck, mind you that those companies that you are encouraging people to work once started as SME maybe facebook, Twitters, Dangotes, Emzor, Innoson et al will not be where they are if they bought into the OP submission. I for instance have seen the impact of SMEs in an economy. I used China and Vietnam as an international case studies and I used Nnewi and Anambra as a local case studies. Bring it on bro....I wish you successful exams Sorry, for responding late, been a bit busy here at work.Got presentations and meeting but I am waiting |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by aribisala0(m): 1:46pm On Mar 16, 2016 |
christopher123:I agree with your position about SMEs but you have not yet substantiated the Nnewi claim. There are thousands of Herdsmen,Hairdressers,Mechanics, petrol stations and eateries that prop up the Nigerian economy ,all are SMES and very far removed from Nnewi or Anambra. FYI even in the SE ,Imo and Abia are more relevant economies |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Nobody: 2:58pm On Mar 16, 2016 |
aribisala0:bro well thought out and well said. |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by oneolajire(m): 11:48pm On Mar 16, 2016 |
Thanks for all your comments, comments and discussion continues as we rub minds on the policy that affect Nigeria greatly |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by oneolajire(m): 7:02pm On Mar 18, 2016 |
I appreciate your mails, they are all wonderful. I believe Nig will achieve greatness when we chose the right policy |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by ayobamipeters(m): 10:18am On Mar 19, 2016 |
Personally, i dont have anything against this eye opening article. It's only a government that has admitted her failure (directly or indirectly) that would encourage graduates to start learning how to make soap most esp those of whom our country's GDP(whether nw or later) depends on. Go make your findings, no country has ever become the world power without a level of technological breakthrough and invention and the premise to this is sound engineering prowess. The recent Forbes billionaire's rating shows that about 1/4 of 100 of them are from America and the funny thing is that, about 23 out of this 25 Americans got their wealth from technology this in turn has a +ve influence on their country''s GDP. Once again kudos sir. 1 Like |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Nobody: 1:17pm On Mar 19, 2016 |
I |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Nobody: 1:23pm On Mar 19, 2016 |
Can I say it is too late to wait for a revamp in educational institutions so we can have graduates that build and invent transformers and all as read above. The world might not need transformers or hydraulic pumps by the time we done revamping. How can you tell where the world will be tomorrow when you are not with them at the present day ? We are still talking oil when the world is talking Solar and renewables. Even the oil companies are divesting into renewables. I am trying to make a simple point. We are not where the world is thus it would be hard to tell where the world would be tomorrow. The global world is getting digital. We lost it a long time ago. Majority of our leaders passed through public institutions and we can see how fluent they speak even as some don't think right. Can you tell same about a public school student today ?My point is educational moved from best to worst. A situation where the government " CANNOT" do anything about. Yes they can't. Because the revamp won't just be at the university, It will start from the creche.i.e the thinking of kids. It baffles me when parents spend so much on foreign education and still expect their children to come back and compete for jobs. My thought is, the idea of foreign education is for the ward to come back with ideas that can change that industry and not to come back, sit at home, waiting to compete with other graduates. I agree with some of your points tho and that is majority of entrepreneurs do not think Big but I beg to differ on the idea of integrating foreign solutions. Now, I do not mean imports of used foreign goods. I mean if we are looking to see entrepreneurship move Nigeria from a third world state, then integration of world class knowledge, skills and expertise should be the way forward. Nigeria entrepreneurs can partner with small and medium scale international firms that are looking to expand. This way there can be transferred knowledge and technical know how. Ofcourse, I can't sell your product if I don't know about it.I believe this is a way forward. That's what brought china where they are and we can see the changes in the educational sector . This integration has a ripple effect. Singapore allowed Australians to come work and develop their own country. I guess this is a reason why they matter today too. Like someone said, geography matters. IQ is a product of environment, nutrition and atimes genes but I believe yes, if we have entrepreneurs who are keen on integrating world class solutions and not the ones who want to sit and control people, Nigeria would be great. Thanks @ oneolajire. |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by oneolajire(m): 7:53am On Mar 21, 2016 |
What a wonderful thing to observe, that people have been writing project topics in line with this write-up. This has really opened the eye of Nigerians to move in the right policy direction. |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by oneolajire(m): 11:53am On Mar 22, 2016 |
The former president of the National Youth Council of Nigeria, Comrade Olawale Ajani James, spoke on the efforts of Nigerian government on the billions of naira spent on entrepreneurship. The public is gradually being sensitize on the need to change policy direction from mere entrepreneurship to education/research/technology driven entrepreneurship 1 Like |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by tpiah11: 3:47pm On Mar 23, 2016 |
ayobamipeters: For entrepreneurship, examples that could work in Nigeria might possibly be from China, not sure if India also. You need somewhere with large populations, not considered first world or western, and with relatively lower landmass compared to size of population. |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by oneolajire(m): 9:33am On Mar 26, 2016 |
You must have agreed with me that entrepreneurship is really a multiplier of poverty and unemployment |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by oneolajire(m): 8:04am On Apr 02, 2016 |
Watch out for part 2 of this same topic. It promises to be more enlightening. |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by oneolajire(m): 7:48am On Apr 09, 2016 |
Looking forward to my coming write-up |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by oneolajire(m): 12:43pm On Apr 16, 2016 |
Whao, almost a hundred view of this post daily |
Re: Entrepreneurship In Nigeria Is A Scam And A Multiplier Of Poverty by Nobody: 2:42pm On Apr 16, 2016 |
oneolajire:hmmm |
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