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Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty - Business (3) - Nairaland

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Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by yemmit90: 12:59pm On May 27, 2016
oneolajire:



would love to see you make comments on that


I read your article from head to toe and must confess you did make some vital points there. Though the article addressed some important related issues but still fill with misconception or flaws you were probably not aware of.

Misconception 1: That institutionisation of medical field directly resulted to high rate of employment in this field is false. Rate of employment in health sector has nothing to do with institutionalisation or nature of training acquired, rather it was a result of factors relating to demand and supply. Except you intentional dont want to speak the truth, you and i know that demand for health workers is quite greater than supply anywhere in the world.

Misconceptoon 2: It's quite untrue that Nigerian graduates of Agriculture, engineering, physic etc are not competence in their various field due to lack of practical training. Let me use OAU(at least you can testify to that) as example. The school have agric and commercial farm respectively where students are usually undergo practical training. Also there are many practical equipments at 'Spider house' for engineering students. Micro- biology students too have well equips Laboratory. And apart from this, All the engineering, Architectural, Building , Estate Mag etc are given enough time to perform their IT programs at the place of their choice. Therefore, The reason some of the graduates mentioned above could not find/create jobs was not totally because of lack of practical training but a result of few available jobs around, plus the fact that many are lazy and have been affected by normal Nigerian graduates mentality ' must work in the office'.

Now talking about your proposed solution;

* If you could agreed that organisations are capable of creating jobs, then where do you think the ideas of organisation formation emanated from?

* This one is full of contraditory statetements. " we need Nigeria technologies but you do not subcribe to Nigeria method of gaining practical experience right? Like i said before, The rate of employment you see in medical field today was not a result of nature of training or institutionisation but factors related to demand and supply.

* Firstly, i'm surprised you too have seen the important of capital and incentives from the government and society. Besides, what stopping the said graduates/experts from attending such seminars in order to be notice or prove themselves? " Billions of naira was spent on MDG as well as national youths service corps agricultural scheme with little or nothing to show for it" Are the coppers spent the said billions of naira on not graduates you claimed should be more focused? " Youths coppers cannot be force into farming" Are you saying there are no agticulture/agricultural related graduates among the corps members?

* Your last paragraph shows that you intentionally refuse to accept what i've been emphasizing on. This makes every other thing you wrote looks like a mere long unrealistic utopia notion.

All the same, i really admire your written skill, just keep it up.
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by oneolajire(m): 8:59pm On May 27, 2016
yemmit90:


I read your article from head to toe and must confess you did make some vital points there. Though the article addressed some important related issues but still fill with misconception or flaws you were probably not aware of.

Misconception 1: That institutionisation of medical field directly resulted to high rate of employment in this field is false. Rate of employment in health sector has nothing to do with institutionalisation or nature of training acquired, rather it was a result of factors relating to demand and supply. Except you intentional dont want to speak the truth, you and i know that demand for health workers is quite greater than supply anywhere in the world.

Misconceptoon 2: It's quite untrue that Nigerian graduates of Agriculture, engineering, physic etc are not competence in their various field due to lack of practical training. Let me use OAU(at least you can testify to that) as example. The school have agric and commercial farm respectively where students are usually undergo practical training. Also there are many practical equipments at 'Spider house' for engineering students. Micro- biology students too have well equips Laboratory. And apart from this, All the engineering, Architectural, Building , Estate Mag etc are given enough time to perform their IT programs at the place of their choice. Therefore, The reason some of the graduates mentioned above could not find/create jobs was not totally because of lack of practical training but a result of few available jobs around, plus the fact that many are lazy and have been affected by normal Nigerian graduates mentality ' must work in the office'.

Now talking about your proposed solution;

* If you could agreed that organisations are capable of creating jobs, then where do you think the ideas of organisation formation emanated from?

* This one is full of contraditory statetements. " we need Nigeria technologies but you do not subcribe to Nigeria method of gaining practical experience right? Like i said before, The rate of employment you see in medical field today was not a result of nature of training or institutionisation but factors related to demand and supply.

* Firstly, i'm surprised you too have seen the important of capital and incentives from the government and society. Besides, what stopping the said graduates/experts from attending such seminars in order to be notice or prove themselves? " Billions of naira was spent on MDG as well as national youths service corps agricultural scheme with little or nothing to show for it" Are the coppers spent the said billions of naira on not graduates you claimed should be more focused? " Youths coppers cannot be force into farming" Are you saying there are no agticulture/agricultural related graduates among the corps members?

* Your last paragraph shows that you intentionally refuse to accept what i've been emphasizing on. This makes every other thing you wrote looks like a mere long unrealistic utopia notion.

All the same, i really admire your written skill, just keep it up.


Demand and supply has nothing to do with the professionalism in practice of medicine. Just take it or leave it, 'if' teaching hospitals ceases to exist in Nigeria today, I mean if we have doctors trained in classrooms alone, then you'll see an absolute collapse of our health sector. We will need foreigners to take over our hospitals the way they have taken over our iron and steel as well as oil and gas industries. We will then pay through our noses. Training brings professionalism not demand and supply, that is my point, valid anywhere in the world.

You took a funny example cos am an OAU graduate of Materials Sci and Engr. Funny to see you tell me there are much facilities in Spider Buiding where my Department is located. IT/SIWES has contributed too little to knowledge acquisition. I still wonder where the much sophisticated and adequate facilities exist in any lab in OAU. OAU is a 'one-eyed king' in the midst of 'blind campuses' Students dont even have access to the Central Sci Lab for regular practical training. CERD is a commercial centre, I have done many businesses with then in materials testing, not a place to acquire knowledge. Am talking of technology for requisite training to make us of global standard and create mordern products and jobs, as that is what we need in Nig.

Talking of agric. I said agric students needs 'to be trained and equipped'. You made mention of the training OAU agric students have on the school farm but you never made mention whether they are being equipped to practice professional agriculture/farming after graduation. Majority of the medicos practice as doctors after graduation, but how many agric graduates practice professional agriculture after graduation? What they need is to be equipped right from the undergraduate days and ensure they take charge of our food production

1 Like

Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by yemmit90: 7:23am On May 28, 2016
@oneolajire, it seem you dont take your time reading replies very well. I notice you believe so much in your discipline as a sole pre-requisite for industrial developement, hence your refusal to see thing from different angle.

Technology is the key but social, political and economic factors dictate how far a country goes in terms of industrial development.

Perhaps you go back to read your thread very well. You said 'institutionlization of medical field directly resulted to high rate of employed doctors'. And i reply if there were few available space for doctors service just like we have in many other fields today, many doctors too would be jobless. Go and ask those graduated in 1970's and 80's, they will tell you how they were begged go work irrespective of their disciplines.

Also, if you say IT/SIWESS is not enough, i agreed because i did not studies Engineering or related courses. But what about a few graduates who passed through the same process and were excel in their various fields today? I know of a man( an economist) who read ordinary few pages manual and he's a owner of a big farm today where he train the so called graduates. What will you say about that?

As for the graduates of agriculture, i dont expect you to come up with this again because you've already acknowledged there were programs for them.

Dont let anyone deceive Olajire, if any graduate serious about farming, he/she can easily cultivate several hectres of lack with little capital using the theoretical knowledge. If a stark illiterate who dont even have acess to any formal education can make millions from farming, i dont think they have any excuse not to practicalize what they study. Nigerian students/graduates hate practical and are very lazy. FACT#
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by oneolajire(m): 8:19pm On May 28, 2016
yemmit90:
@oneolajire, it seem you dont take your time reading replies very well. I notice you believe so much in your discipline as a sole pre-requisite for industrial developement, hence your refusal to see thing from different angle.

Technology is the key but social, political and economic factors dictate how far a country goes in terms of industrial development.

Perhaps you go back to read your thread very well. You said 'institutionlization of medical field directly resulted to high rate of employed doctors'. And i reply if there were few available space for doctors service just like we have in many other fields today, many doctors too would be jobless. Go and ask those graduated in 1970's and 80's, they will tell you how they were begged go work irrespective of their disciplines.

Also, if you say IT/SIWESS is not enough, i agreed because i did not studies Engineering or related courses. But what about a few graduates who passed through the same process and were excel in their various fields today? I know of a man( an economist) who read ordinary few pages manual and he's a owner of a big farm today where he train the so called graduates. What will you say about that?

As for the graduates of agriculture, i dont expect you to come up with this again because you've already acknowledged there were programs for them.

Dont let anyone deceive Olajire, if any graduate serious about farming, he/she can easily cultivate several hectres of lack with little capital using the theoretical knowledge. If a stark illiterate who dont even have acess to any formal education can make millions from farming, i dont think they have any excuse not to practicalize what they study. Nigerian students/graduates hate practical and are very lazy. FACT#


thanks. I said in my original post that the 'self surfficiency Nig has in her medical field is as a result of the kind of the training and instutionlisation of their courses'. I have to stand by it come rain come sunshine. Yes there will be vacancy in the hospitals because of the increasing population, but they would have been filled by foreign doctors, that is ny main point.


IT/SIWES is contributing its quota, but it is too little. Few people can make good use their IT/SIWES training, but Nig needs a holistic inside-out training.

We need our students to be given training that can make them create global products and ventures, as this is what will eradicate poverty and mass unemployment
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by solutionsnow: 9:09pm On May 28, 2016
yemmit90:
@oneolajire, it seem you dont take your time reading replies very well. I notice you believe so much in your discipline as a sole pre-requisite for industrial developement, hence your refusal to see thing from different angle.

Technology is the key but social, political and economic factors dictate how far a country goes in terms of industrial development.

Perhaps you go back to read your thread very well. You said 'institutionlization of medical field directly resulted to high rate of employed doctors'. And i reply if there were few available space for doctors service just like we have in many other fields today, many doctors too would be jobless. Go and ask those graduated in 1970's and 80's, they will tell you how they were begged go work irrespective of their disciplines.

Also, if you say IT/SIWESS is not enough, i agreed because i did not studies Engineering or related courses. But what about a few graduates who passed through the same process and were excel in their various fields today? I know of a man( an economist) who read ordinary few pages manual and he's a owner of a big farm today where he train the so called graduates. What will you say about that?

As for the graduates of agriculture, i dont expect you to come up with this again because you've already acknowledged there were programs for them.

Dont let anyone deceive Olajire, if any graduate serious about farming, he/she can easily cultivate several hectres of lack with little capital using the theoretical knowledge. If a stark illiterate who dont even have acess to any formal education can make millions from farming, i dont think they have any excuse not to practicalize what they study. Nigerian students/graduates hate practical and are very lazy. FACT#


Are you still standing on your point that graduates should be given loans to start businesses? Cos to me it seems that is the solution you have to fight unemployment.
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by yemmit90: 10:05pm On May 28, 2016
solutionsnow:


Are you still standing on your point that graduates should be given loans to start businesses? Cos to me it seems that is the solution you have to fight unemployment.

Yeah, as well as other incentives.
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by yemmit90: 10:15pm On May 28, 2016
oneolajire:


thanks. I said in my original post that the 'self surfficiency Nig has in her medical field is as a result of the kind of the training and instutionlisation of their courses'. I have to stand by it come rain come sunshine. Yes there will be vacancy in the hospitals because of the increasing population, but they would have been filled by foreign doctors, that is ny main point.


IT/SIWES is contributing its quota, but it is too little. Few people can make good use their IT/SIWES training, but Nig needs a holistic inside-out training.

We need our students to be given training that can make them create global products and ventures, as this is what will eradicate poverty and mass unemployment

Hmmmmmm, I can see that if we continue this arguement till next year, each of us will still stand on our grand. Whatever the way, all that we need is development.
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by solutionsnow: 10:22pm On May 28, 2016
yemmit90:


Yeah, as well as other incentives.

hum. What kind of businesses? Like how much should be provided for each graduate?
Are u so sure it not those traditional entrepreneurship of chin chin and car wash businesses these graduates will start?
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by Ademat7(m): 6:17am On May 29, 2016
solutionsnow:


hum. What kind of businesses? Like how much should be provided for each graduate?
Are u so sure it not those traditional entrepreneurship of chin chin and car wash businesses these graduates will start?
or better still buy in China and sell here; our nation is missing it and we youth have not been able to sit down and address one of the numerous challenge facing our nation

2 Likes

Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by solutionsnow: 2:53pm On May 29, 2016
Ademat7:
or better still buy in China and sell here; our nation is missing it and we youth have not been able to sit down and address one of the numerous challenge facing our nation


hum
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by solutionsnow: 3:20pm On May 29, 2016
breadlife:
All of you that are always about education will end up working for Orji uzo kalu who didn't go to school. founder of Facebook u mentioned didn't learn hacking and coding in school, infact he's a drop out.

who told you Facebk founder was a dropout? Pls do more research. Pls try close down all schools if education is useless. We are talking of how to develop Nig the way the developed nations the developed their nations.

Did your Orji Uzor Kalu sent his kids to sch or not?

2 Likes

Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by I888(m): 2:18am On May 30, 2016
yemmit90:
@oneolajire, it seem you dont take your time reading replies very well. I notice you believe so much in your discipline as a sole pre-requisite for industrial developement, hence your refusal to see thing from different angle.

Technology is the key but social, political and economic factors dictate how far a country goes in terms of industrial development.

Perhaps you go back to read your thread very well. You said 'institutionlization of medical field directly resulted to high rate of employed doctors'. And i reply if there were few available space for doctors service just like we have in many other fields today, many doctors too would be jobless. Go and ask those graduated in 1970's and 80's, they will tell you how they were begged go work irrespective of their disciplines.

Also, if you say IT/SIWESS is not enough, i agreed because i did not studies Engineering or related courses. But what about a few graduates who passed through the same process and were excel in their various fields today? I know of a man( an economist) who read ordinary few pages manual and he's a owner of a big farm today where he train the so called graduates. What will you say about that?

As for the graduates of agriculture, i dont expect you to come up with this again because you've already acknowledged there were programs for them.

Dont let anyone deceive Olajire, if any graduate serious about farming, he/she can easily cultivate several hectres of lack with little capital using the theoretical knowledge. If a stark illiterate who dont even have acess to any formal education can make millions from farming, i dont think they have any excuse not to practicalize what they study. Nigerian students/graduates hate practical and are very lazy. FACT#

The emboldened succinctly captured it. I refused to engage him because I read his first thread. I know a similar dude who degraded those making a living for themselves just as the OP did here but same dude created a thread asking "what business can I do with xyz funds" because he is now stuck in a job that does not allow him much time.
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by oneolajire(m): 7:57am On May 30, 2016
I888:
The emboldened succinctly captured it. I refused to engage him because I read his first thread. I know a similar dude who degraded those making a living for themselves just as the OP did here but same dude created a thread asking "what business can I do with xyz funds" because he is now stuck in a job that does not allow him much time.

pls get me right. I didnt say people should not engage in traditional entrepreneurship. Get me and get me correctly. My point is that we have grossly underutilised education as a tool for creating innovative entreprenurs as done in developed countries. It is wasteful graduating botanist, microbiologist, engineers who cannot create jobs in their fields but to engage in selling Chinese made products as well as pop-corn.

Pls provide your own curative solutions to the problem of poverty and unemployment, I have done mine.

There is no where in the world where conditional and traditional entrepreneurship became a tool for national development. Pls if am wrong tell me the countries that neglected qualitative education as a means for generating innovative entrepreneurs but only invested in conditional and traditional entrepreneurship.

Besides, I never said some people have never made it in traitional and conditional entrepreneurship, my point has been it only make very few successful and leaves poverty and unemployment on the masses. Thanks

2 Likes

Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by I888(m): 1:16pm On May 30, 2016
oneolajire:


pls get me right. I didnt say people should not engage in traditional entrepreneurship. Get me and get me correctly. My point is that we have grossly underutilised education as a tool for creating innovative entreprenurs as done in developed countries. It is wasteful graduating botanist, microbiologist, engineers who cannot create jobs in their fields but to engage in selling Chinese made products as well as pop-corn.

Pls provide your own curative solutions to the problem of poverty and unemployment, I have done mine.

There is no where in the world where conditional and traditional entrepreneurship became a tool for national development. Pls if am wrong tell me the countries that neglected qualitative education as a means for generating innovative entrepreneurs but only invested in conditional and traditional entrepreneurship.

Besides, I never said some people have never made it in traitional and conditional entrepreneurship, my point has been it only make very few successful and leaves poverty and unemployment on the masses. Thanks
The problem is individual based and nothing more. The average Nigerian graduate sees nothing in starting small from point A in order to move to his dream point B, add that to the unfavourable economic condition we have here in the country.

Dangote once sold cement from shops but his dream was to become a cement manufacturer. Akin Alabi, owner of Nairabet, was a serial information marketer who organizes seminars and sold ebooks but today he owns Africa's largest sport booking portal. Seun Osewa had indulge in other ventures before finding Nairaland. I could go on and on.

These people above used what Robert Kiyosaki described in his book and called it "Investment Vehicles", which is using A to get to your dream point B or point C. That is what a smarter person should do. Besides TOO many Nigerians just want to work in a company, most that engage business didnt do it out of passion but due to non availability of jobs. They don't even know that that entity they call a job is a business enterprise.

I personally do not believe that capital is a problem to reach one's goal, rather knowledge is the problem because there are people who are willing to invest in your knowledge.

1 Like

Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by kayjegs: 3:44pm On May 30, 2016
OP, nice write-up. I read through the posts and comments and could see that we are trying to proffer solutions to one of Nigeria's myriad of problems. Many points and counter points were all valid points to help the Nation. I have always had issues with people that are quick to point to how the developed Nations started from scratch and that Nigeria also needs to go through this process. This is absolutely wrong. We don't need to go into how they started theirs, we just need to copy what we think will be best for us. The United States and most of these developed Nations started as purely agrarian communities, from which industrialization started from. The only reason why we may or can start from that angle is because we are more agrarian geographically because of our good soil and climate. But what do we say about the Asian tigers? South Korea for example wasn't agrarian, but they copied the good aspect of what these developed Nations have done. They started with funding SMEs firstly to cater for their domestic needs. They made policies whereby citizens had to use their own products and then pumped in more funds to make it exportable and they started doing that and today they are giants in technology. They never had agricultural tendencies and never had to force themselves into it or box themselves to a corner saying, since America started on an agricultural note and we don't have that, then we can't develop. This is also true of Singapore and some other members of the Asian tigers.

Now, what do we need to do as a Nation? Do we have to wait for the government or do we have to wait for individuals to help the Nation out? It is a very unfortunate situation in Nigeria because as good as these write-ups are, the points and counter-points, it is only the government that can make meaning of them not individuals. We just need a responsible government to make things right. Like someone rightly said here, even if they make all the budgets to be for only education in Nigeria, it wouldn't change anything, the only thing you will see is that Lecturers and VCs are buying new cars and having more money. Every institution (I mean Education, Judiciary, Health..name it) in Nigeria has failed as far as I am concerned. As per Health sector, I don't believe that it is because they are well trained that we have doctors having jobs in Nigeria, it is simply because everywhere in the world, demand for doctors is usually more than supply and that has been the way it is. It cannot be compared with other sectors like Engineering etc. It is good that Engineers or other fields are trained well in school and so on but the issue is beyond having the quality education, it is about Government deliberately making sure the economy runs well so as to create jobs. For example, Cuba is a country with one of the highest literacy rate in the world, they have some of the best medical personnel as well but all these didn't translate to wealth for the country. It is due to their socio-political climate.

As far as I am concerned, we will all continue to make brilliant points about what and what should be done. And I know that many of these guys occupying positions of authority in Government know so many things that should be done. But when someone starts thinking of enriching himself from government coffers, then he will start bringing up policies like "youths should make chin chins as entrepreneurs and so on. The most important thing for us is to get it right with our political system. We should be thinking of ways we can get the right person to power even if he is someone making points here on this forum or not. We should be thinking of how the electoral system can be upturned so as to favour the best candidate to contest elections. I wish the intellectuals in this forum can talk more on this because I see this as the starting point of any developmental process.

1 Like

Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by oneolajire(m): 4:11pm On May 30, 2016
I888:
The problem is individual based and nothing more. The average Nigerian graduate sees nothing in starting small from point A in order to move to his dream point B, add that to the unfavourable economic condition we have here in the country.

Dangote once sold cement from shops but his dream was to become a cement manufacturer. Akin Alabi, owner of Nairabet, was a serial information marketer who organizes seminars and sold ebooks but today he owns Africa's largest sport booking portal. Seun Osewa had indulge in other ventures before finding Nairaland. I could go on and on.

These people above used what Robert Kiyosaki described in his book and called it "Investment Vehicles", which is using A to get to your dream point B or point C. That is what a smarter person should do. Besides TOO many Nigerians just want to work in a company, most that engage business didnt do it out of passion but due to non availability of jobs. They don't even know that that entity they call a job is a business enterprise.

I personally do not believe that capital is a problem to reach one's goal, rather knowledge is the problem because there are people who are willing to invest in your knowledge.

I dont believe the problems are individual ones but a collective problem. It is a national problem, so it needs collective solution. There is little or nothing the unemployed graduate can think about getting individual solution. It is a national solution that will provide the systematic framework for individuals to explore opportunities, but the functional system is unavailable.

Developed nations utilised education to build funtional systems where students and graduates can make prototype products (in line with the courses they studied on campus) which can later be developed into commercial ventures.

Students and graduates in developed nations have innovative ideas cos of the training they received on campus. The few ideas and projects/prototypes of Nigeria graduates dont get commercialised cos the system is a non-functional one. We have grossly underutilised education, left the right thing, now we want to force business ideas into brain of unemployed graduates. Pls where will they get the business ideas? Is it not the same pop-corn, barbing, carwash businesses they will think of for now? (supersaturated jobs)

Dangote could make it so easily cos of the influence of his late uncle Dantata( who gave him huge loan or capital). Osewa seun is a highly educated person who leveraged on computer skills and blogging opportunity developed by Americans.

Today, where are we in iron and steel production? Where are we in production of power generating transmission and distribution equipment and services? Where are we in bitumen exploration? Where are we in petroleum refinery when India has more than enough refinery as well as refinery construction companies?
Where are we in rice production? Where are we in software production (note that Nig imports banking sofware from India and Egypt)? Where are we in cotton to cloth production? Where are we in wood to pulp to paper production.
And many more.


My friend, the best way to get all these done is to develop the students and graduates of this nation to be able to develop machines to set up entrepreneurships in these fields.
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by oneolajire(m): 4:29pm On May 30, 2016
kayjegs:
OP, nice write-up. I read through the posts and comments and could see that we are trying to proffer solutions to one of Nigeria's myriad of problems. Many points and counter points were all valid points to help the Nation. I have always had issues with people that are quick to point to how the developed Nations started from scratch and that Nigeria also needs to go through this process. This is absolutely wrong. We don't need to go into how they started theirs, we just need to copy what we think will be best for us. The United States and most of these developed Nations started as purely agrarian communities, from which industrialization started from. The only reason why we may or can start from that angle is because we are more agrarian geographically because of our good soil and climate. But what do we say about the Asian tigers? South Korea for example wasn't agrarian, but they copied the good aspect of what these developed Nations have done. They started with funding SMEs firstly to cater for their domestic needs. They made policies whereby citizens had to use their own products and then pumped in more funds to make it exportable and they started doing that and today they are giants in technology. They never had agricultural tendencies and never had to force themselves into it or box themselves to a corner saying, since America started on an agricultural note and we don't have that, then we can't develop. This is also true of Singapore and some other members of the Asian tigers.

Now, what do we need to do as a Nation? Do we have to wait for the government or do we have to wait for individuals to help the Nation out? It is a very unfortunate situation in Nigeria because as good as these write-ups are, the points and counter-points, it is only the government that can make meaning of them not individuals. We just need a responsible government to make things right. Like someone rightly said here, even if they make all the budgets to be for only education in Nigeria, it wouldn't change anything, the only thing you will see is that Lecturers and VCs are buying new cars and having more money. Every institution (I mean Education, Judiciary, Health..name it) in Nigeria has failed as far as I am concerned. As per Health sector, I don't believe that it is because they are well trained that we have doctors having jobs in Nigeria, it is simply because everywhere in the world, demand for doctors is usually more than supply and that has been the way it is. It cannot be compared with other sectors like Engineering etc. It is good that Engineers or other fields are trained well in school and so on but the issue is beyond having the quality education, it is about Government deliberately making sure the economy runs well so as to create jobs. For example, Cuba is a country with one of the highest literacy rate in the world, they have some of the best medical personnel as well but all these didn't translate to wealth for the country. It is due to their socio-political climate.

As far as I am concerned, we will all continue to make brilliant points about what and what should be done. And I know that many of these guys occupying positions of authority in Government know so many things that should be done. But when someone starts thinking of enriching himself from government coffers, then he will start bringing up policies like "youths should make chin chins as entrepreneurs and so on. The most important thing for us is to get it right with our political system. We should be thinking of ways we can get the right person to power even if he is someone making points here on this forum or not. We should be thinking of how the electoral system can be upturned so as to favour the best candidate to contest elections. I wish the intellectuals in this forum can talk more on this because I see this as the starting point of any developmental process.


thanks, Kayjegs. We need to copy how developed nations created innovative entrepreneurs through provision of qualitative education.

We need functional policies from responsible government. We need our education administrators to wake up to their duties.

Chin-chin entrepreneurship cannot solve these problems. Thanks

1 Like

Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by I888(m): 10:43pm On May 30, 2016
oneolajire:


I dont believe the problems are individual ones but a collective problem. It is a national problem, so it needs collective solution. There is little or nothing the unemployed graduate can think about getting individual solution. It is a national solution that will provide the systematic framework for individuals to explore opportunities, but the functional system is unavailable.

Developed nations utilised education to build funtional systems where students and graduates can make prototype products (in line with the courses they studied on campus) which can later be developed into commercial ventures.

Students and graduates in developed nations have innovative ideas cos of the training they received on campus. The few ideas and projects/prototypes of Nigeria graduates dont get commercialised cos the system is a non-functional one. We have grossly underutilised education, left the right thing, now we want to force business ideas into brain of unemployed graduates. Pls where will they get the business ideas? Is it not the same pop-corn, barbing, carwash businesses they will think of for now? (supersaturated jobs)

Dangote could make it so easily cos of the influence of his late uncle Dantata( who gave him huge loan or capital). Osewa seun is a highly educated person who leveraged on computer skills and blogging opportunity developed by Americans.

Today, where are we in iron and steel production? Where are we in production of power generating transmission and distribution equipment and services? Where are we in bitumen exploration? Where are we in petroleum refinery when India has more than enough refinery as well as refinery construction companies?
Where are we in rice production? Where are we in software production (note that Nig imports banking sofware from India and Egypt)? Where are we in cotton to cloth production? Where are we in wood to pulp to paper production.
And many more.


My friend, the best way to get all these done is to develop the students and graduates of this nation to be able to develop machines to set up entrepreneurships in these fields.

I will respond when I am on PC. Don't feel too well right now.
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by Crixie(m): 10:01am On May 31, 2016
Good Morning OP and the wonderful people of Nairaland.I must "hail" the writer of this topic...it is indeed wonderfully written,making a lot of Sense.But I would have to disagree with you a little because of the Follow reasons
1.Conditional Entrepreneurship is incredibly necessary to reduce poverty n indeed crime levels in any country serious about growing it's economy.Instead of sitting at home idle,these "conditional businesses" can go a long way in putting LEGAL money into the bank accounts of Nigerians thereby reducing poverty Level.
2.Any good economist /country would never neglect the potential of "Traditional Entrepreneurship".You might understand better if you have travelled to Dubai or discussed with one who has been there.RETAIL business is a billion dollar biz there, so are businesses like KFC,WALMART,SHOPRITE,MACDONALDS etc in America and Other developed countries.The above mentioned retail outfits and their franchises generate billions per year and provide employment to thousands of people.Talking about Taxi driving...I believe some of us have hear about UBER.
If adequate attention and technology is channelled towards development of traditional n conditional entrepreneurship,believe me,these businesses will go a long way in reducing the poverty level of Nigeria and also increase employment opportunities.
Entrepreneurship is not meant for everybody no matter how "attractive" it might seem but if you have decided to be a business person,take out time to study,keep yourself abreast with recent technological advancements and always seek to use it to the advantage of your business.I believe with this,in no distant future we will have our own versions of UBER,Aliexpress,KFC and so on in Nigeria
God bless Nigeria!

2 Likes

Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by etim4school: 11:45am On May 31, 2016
oneolajire:


curative and holistic solution is what Nigeria needs and that is what we should pursue. We need all hands on deck. Thanks I appreciate your comment

Very true Engr.

Well said and welcome!
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by oneolajire(m): 1:30pm On May 31, 2016
I888:
I will respond when I am on PC. Don't feel too well right now.

Get well soon pls. You are healed in Jesus name
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by oneolajire(m): 1:39pm On May 31, 2016
Crixie:
Good Morning OP and the wonderful people of Nairaland.I must "hail" the writer of this topic...it is indeed wonderfully written,making a lot of Sense.But I would have to disagree with you a little because of the Follow reasons
1.Conditional Entrepreneurship is incredibly necessary to reduce poverty n indeed crime levels in any country serious about growing it's economy.Instead of sitting at home idle,these "conditional businesses" can go a long way in putting LEGAL money into the bank accounts of Nigerians thereby reducing poverty Level.
2.Any good economist /country would never neglect the potential of "Traditional Entrepreneurship".You might understand better if you have travelled to Dubai or discussed with one who has been there.RETAIL business is a billion dollar biz there, so are businesses like KFC,WALMART,SHOPRITE,MACDONALDS etc in America and Other developed countries.The above mentioned retail outfits and their franchises generate billions per year and provide employment to thousands of people.Talking about Taxi driving...I believe some of us have hear about UBER.
If adequate attention and technology is channelled towards development of traditional n conditional entrepreneurship,believe me,these businesses will go a long way in reducing the poverty level of Nigeria and also increase employment opportunities.
Entrepreneurship is not meant for everybody no matter how "attractive" it might seem but if you have decided to be a business person,take out time to study,keep yourself abreast with recent technological advancements and always seek to use it to the advantage of your business.I believe with this,in no distant future we will have our own versions of UBER,Aliexpress,KFC and so on in Nigeria
God bless Nigeria!

Thanks, I appreciate your comment. I noticed you tried to pitch tent with traditional and conditional entrepreneurs, but was silent on creation of innovative entrepreneurs. But if I may ask, why didn't you make mention of the impact of innovative entrepreneurs in the world at large?why didn't you tell us the need for making our graduates innovative entrepreneurs instead of being frustrated into the supersaturated world of the conditional entrepreneurs?
Pls I need you to comment on this.
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by oneolajire(m): 1:40pm On May 31, 2016
etim4school:


Very true Engr.

Well said and welcome!

Thanks, you are welcome
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by Crixie(m): 3:18pm On May 31, 2016
oneolajire:


Thanks, I appreciate your comment. I noticed you tried to pitch tent with traditional and conditional entrepreneurs, but was silent on creation of innovative entrepreneurs. But if I may ask, why didn't you make mention of the impact of innovative entrepreneurs in the world at large?why didn't you tell us the need for making our graduates innovative entrepreneurs instead of being frustrated into the supersaturated world of the conditional entrepreneurs?
Pls I need you to comment on this.
I only mentioned the both of them because from the original article,those two looked like they were not as relevant to economic growth as others. I didn't mean to infer that they are better than the other forms of Entrepreneurship you mentioned,I only hoped to point out that they are very important to Aid in poverty reduction n provision of employment opportunities.
Pls explain further,whose Job is it to make graduates Innovative entrepreneurs?.Then I would us to do a little mental comparison ..How many workers do u think Facebook has as compared to how many workers Walmart has...If you were the President of Nigeria today,Which of them would you encourage to open up offices (shops)in Nigeria in order to help you tackle poverty and unemployment ...pls give a reason for your choice.
Thanks n I await your answer.
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by oneolajire(m): 4:13pm On May 31, 2016
Crixie:

I only mentioned the both of them because from the original article,those two looked like they were not as relevant to economic growth as others. I didn't mean to infer that they are better than the other forms of Entrepreneurship you mentioned,I only hoped to point out that they are very important to Aid in poverty reduction n provision of employment opportunities.
Pls explain further,whose Job is it to make graduates Innovative entrepreneurs?.Then I would us to do a little mental comparison ..How many workers do u think Facebook has as compared to how many workers Walmart has...If you were the President of Nigeria today,Which of them would you encourage to open up offices (shops)in Nigeria in order to help you tackle poverty and unemployment ...pls give a reason for your choice.
Thanks n I await your answer.

.
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by oneolajire(m): 4:18pm On May 31, 2016
Crixie:

I only mentioned the both of them because from the original article,those two looked like they were not as relevant to economic growth as others. I didn't mean to infer that they are better than the other forms of Entrepreneurship you mentioned,I only hoped to point out that they are very important to Aid in poverty reduction n provision of employment opportunities.
Pls explain further,whose Job is it to make graduates Innovative entrepreneurs?.Then I would us to do a little mental comparison ..How many workers do u think Facebook has as compared to how many workers Walmart has...If you were the President of Nigeria today,Which of them would you encourage to open up offices (shops)in Nigeria in order to help you tackle poverty and unemployment ...pls give a reason for your choice.
Thanks n I await your answer.


Answer to the first question. It is the responsibility of the government to massively invest in research, science and tech in order to help have people with innovative ideas. Developed nations creates agencies to help people with innovative products develop and commercialise their prototypes. They have numerous labs and sophisticated workshops to help bring ideas into realit in developed nations. So I believe it is the responsibility of the government.


I don't just believe in expanding sales or retal markets when we have not increased our industrial and manufacturing centres. Shoprite and others are majorly selling imported products putting pressure on naira-dollar exchange rate. For the local products they sell, we can always have them in the open markets. Hope u know Mark Z I worth more tthan 30 billion dollars(according to Forbes). That adds to the GDP of America, banks manes use of his profit for loans and lots more.
I love innovative products 100 times more than innovative sales.

Besides, when you greatly increase innovative entrepreneurs, it means your graduates are intellectually capable of creating jobs, it means your educational system is functional, it means unemployment is no threat. But when you think of how to sell, sell sell, you'll only sell imported products. Shoprite of S/Africa, Mcdonald of USA, are in producing nations, so selling is so good for them.

Pls try read this this I wrote it as well. It will explain more. The topic is 'eradicating mass unemployment with realistic job creation strategies'

https://www.nairaland.com/3060620/eradicating-mass-unemployment-realistic-job
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by Crixie(m): 5:20pm On May 31, 2016
oneolajire:



Answer to the first question. It is the responsibility of the government to massively invest in research, science and tech in order to help have people with innovative ideas. Developed nations creates agencies to help people with innovative products develop and commercialise their prototypes. They have numerous labs and sophisticated workshops to help bring ideas into realit in developed nations. So I believe it is the responsibility of the government.


I don't just believe in expanding sales or retal markets when we have not increased our industrial and manufacturing centres. Shoprite and others are majorly selling imported products putting pressure on naira-dollar exchange rate. For the local products they sell, we can always have them in the open markets. Hope u know Mark Z I worth more tthan 30 billion dollars(according to Forbes). That adds to the GDP of America, banks manes use of his profit for loans and lots more.
I love innovative products 100 times more than innovative sales.

Besides, when you greatly increase innovative entrepreneurs, it means your graduates are intellectually capable of creating jobs, it means your educational system is functional, it means unemployment is no threat. But when you think of how to sell, sell sell, you'll only sell imported products. Shoprite of S/Africa, Mcdonald of USA, are in producing nations, so selling is so good for them.

Pls try read this this I wrote it as well. It will explain more. The topic is 'eradicating mass unemployment with realistic job creation strategies'

https://www.nairaland.com/3060620/eradicating-mass-unemployment-realistic-job
I understand what you are saying ,but try to understand me.We are using present day Nigeria as the point of reference.
1.In Nigeria today if we have 80 million unemployment people,u will agree with me that a greater percent of them do not have a university degree.(50 million non graduates vs 30million graduates for example).How do we eradicate mass unemployment in this case with realistic Jobs? Pls bear in mind that these are not correct figures,m just using them as example but I hope u get the gist.
2.Innovation is wonderful,it can lift countries from poverty but what can be done in Present Day Nigeria where our revenues from oil is not even enough for all our spendings.Which would rather do as a leader...Channel money to innovations(ie Labs,University grants etc) or Support already budding entrepreneurs (Traditional n conditional) and Why...in a bid eradicate Mass unemployment with realistic Jobs
3.I and some other Nigerians don't see how Innovative companies like Facebook,Disney,apple etc,gave Birth to their billion dollar ideas with the help of the government.Pls help us understand more.
4.In American in as much as companies born from Innovative founders have really helped their economy and provided mass employment opportunities,Do you think they employ more people than The retail businesses,primary businesses(Including various boutiques, restaurants,fastfood outfits etc)
5.Don't you think proper development of of these small businesses will go a long way in preparing the way for the BIG businesses (After production/manufacturing I believe retailers play a might role in money making process of production)
Innovation n production is wonderful for any country but believe me Nigeria also dearly need these "Traditional" n "conditional" businesses if we ever dream of eradicating Mass Unemployment
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by Crixie(m): 5:53pm On May 31, 2016
If I were president Today,I would encourage more "Walmarts" than I would "Facebooks" because more employment opportunities will be generated Directly and indirectly... How?..u might ask
1.Building of these places of business for These retail outfits will need supply of cement,rods,timber etc (from retailers), professional input both skilled and unskilled (builders,architects, labourers,surveyors,Painters. etc)
2.Packaging materials (those printed leathers n paper bags) will be sourced locally.Shopping baskets n trolleys will also be sourced locally...so more jobs for the producers of these products.
Skilled and Unskilled employment opportunities (Sales persons,cleaners,security personnel etc-unskilled.Managers,computer maintenance personnels,bakers,cooks etc skilled labour of a sort)
3.These retail outfits will advertise themselves so more work for advertising n marketing firms.They will use P.O. S more work for banks n software personnels of these banks and so much more.
Now if u carefully look at this u will find out that Jobs have been created for both graduates n non graduates (n possibly undergraduates)
Moreover an avenue has been created for massive sales of produced consumer goods.
When some people see the mass patronage of these consumer goods in these stores,they will want to engage in production with or without help from the government in other to make money.
Pls dont get me wrong , Production n innovations are extremely important to the economy too
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by oneolajire(m): 5:59pm On May 31, 2016
Crixie:

I understand what you are saying ,but try to understand me.We are using present day Nigeria as the point of reference.
1.In Nigeria today if we have 80 million unemployment people,u will agree with me that a greater percent of them do not have a university degree.(50 million non graduates vs 30million graduates for example).How do we eradicate mass unemployment in this case with realistic Jobs? Pls bear in mind that these are not correct figures,m just using them as example but I hope u get the gist.
2.Innovation is wonderful,it can lift countries from poverty but what can be done in Present Day Nigeria where our revenues from oil is not even enough for all our spendings.Which would rather do as a leader...Channel money to innovations(ie Labs,University grants etc) or Support already budding entrepreneurs (Traditional n conditional) and Why...in a bid eradicate Mass unemployment with realistic Jobs
3.I and some other Nigerians don't see how Innovative companies like Facebook,Disney,apple etc,gave Birth to their billion dollar ideas with the help of the government.Pls help us understand more.
4.In American in as much as companies born from Innovative founders have really helped their economy and provided mass employment opportunities,Do you think they employ more people than The retail businesses,primary businesses(Including various boutiques, restaurants,fastfood outfits etc)
5.Don't you think proper development of of these small businesses will go a long way in preparing the way for the BIG businesses (After production/manufacturing I believe retailers play a might role in money making process of production)
Innovation n production is wonderful for any country but believe me Nigeria also dearly need these "Traditional" n "conditional" businesses if we ever dream of eradicating Mass Unemployment



This is serious. You are clamouring for mor of conditional and traditional entrepreneurships we have been practicing for over 30 yrs, with little or nothing to show for it. I can never support an educational system that handicaps our students and graduates. My point, what are graduates supposed to be? Innovative or conditional entrepreneurs
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by Crixie(m): 6:08pm On May 31, 2016
[quote author=oneolajire post=46147566].
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by Crixie(m): 6:09pm On May 31, 2016
oneolajire:



This is serious. You are clamouring for mor of conditional and traditional entrepreneurships we have been practicing for over 30 yrs, with little or nothing to show for it. I can never support an educational system that handicaps our students and graduates. My point, what are graduates supposed to be? Innovative or conditional entrepreneurs
Innovative entrepreneurs of course...Am only saying that we can't neglect or discourage small businesses.Remember 'Dangote did not invent anything but he is a billionaire today.He made money as a trader before venturing into production.He is a graduate too
Re: Part 2. Entrepreneurship Is A Scam In Nigeria As Well As A Multiplier Of Poverty by oneolajire(m): 7:07pm On May 31, 2016
Crixie:

Innovative entrepreneurs of course...Am only saying that we can't neglect or discourage small businesses.Remember 'Dangote did not invent anything but he is a billionaire today.He made money as a trader before venturing into production.He is a graduate too

Nice to know that you prefer innovative entrepreneurship. I'll love you to give much emphasis on education as a tool for creating innovative entrepreneurs.

The Dangote you are talking about started business as a capital entrepreneur, kudos to his Late Uncle Dantata.

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