Haven read a post about REASONS TO BE AN ENTREPRENEUR...

A question popped up on my mind: Is Nigeria encouraging for entrepreneurial activities?

With monopoly and several other factors in play, will it be favourable for startups?

Please I need answers

Note: I'm talking of entrepreneurship as an innovative enterprise and not skill acquisition

https://www.favshub.com/2018/02/16-reasons-becoming-entrepreneur.html

Mynd44, Dominique

Lalasticlala

kelvinjeremiah:
Haven read a post about REASONS TO BE AN ENTREPRENEUR...

A question popped up on my mind: Is Nigeria encouraging for entrepreneurial activities?

With monopoly and several other factors in play, will it be favourable for startups?

Please I need answers

Note: I'm talking of entrepreneurship as an innovative enterprise and not skill acquisition

https://www.favshub.com/2018/02/16-reasons-becoming-entrepreneur.html

Yes, it is favourable to start ups.

Nigeria government do not put pressure on small business.

E.g You could start and build a small business for years without registering the business (legally if you employ less than 10 staff) or paying tax.

You get top quality and affordable work force because they is more available talents and less job.

About monolopy, in innovative entrepreneurship they is no monopoly. If you are innovative enough they are 1 million and 1 needs begging for solution in the Nigeria market.

In fact when challenges starts is when you start becoming successful, Everybody, As in every body would try to extort you...
From government (Federal, State and local) with taxes and regulations to PHCN with crazy bill, Diesel suppliers would shortchange you, local community demand their "right", Banks, yes Banks would quietly debit you 200 million and if you like go to court forever, they would agree they took the money but they would never pay you back. Your extended family is not left out.

So my advice is... Build up your Business in Nigeria, if you successful hit the 1 million dollar mark... Move to neighboring African country to continue operations... Nigeria would just be your market..

kp3tech:


Yes, it is favourable to start ups.

Nigeria government do not put pressure on small business.

E.g You could start and build a small business for years without registering the business (legally if you employ less than 10 staff) or paying tax.

You get top quality and affordable work force because they is more available talents and less job.

About monolopy, in innovative entrepreneurship they is no monopoly. If you are innovative enough they are 1 million and 1 needs begging for solution in the Nigeria market.

In fact when challenges starts is when you start becoming successful, Everybody, As in every body would try to extort you...
From government (Federal, State and local) with taxes and regulations to PHCN with crazy bill, Diesel suppliers would shortchange you, local community demand their "right", Banks, yes Banks would quietly debit you 200 million and if you like go to court forever, they would agree they took the money but they would never pay you back. Your extended family is not left out.

So my advice is... Build up your Business in Nigeria, if you successful hit the 1 million dollar mark... Move to neighboring African country to continue operations... Nigeria would just be your market..

I think I'd agree with you. On that of monopoly, that's to say one has to bring products which hasn't really hit the ground.

kp3tech:


Yes, it is favourable to start ups.

Nigeria government do not put pressure on small business.

E.g You could start and build a small business for years without registering the business (legally if you employ less than 10 staff) or paying tax.

You get top quality and affordable work force because they is more available talents and less job.

About monolopy, in innovative entrepreneurship they is no monopoly. If you are innovative enough they are 1 million and 1 needs begging for solution in the Nigeria market.

In fact when challenges starts is when you start becoming successful, Everybody, As in every body would try to extort you...
From government (Federal, State and local) with taxes and regulations to PHCN with crazy bill, Diesel suppliers would shortchange you, local community demand their "right", Banks, yes Banks would quietly debit you 200 million and if you like go to court forever, they would agree they took the money but they would never pay you back. Your extended family is not left out.

So my advice is... Build up your Business in Nigeria, if you successful hit the 1 million dollar mark... Move to neighboring African country to continue operations... Nigeria would just be your market..

Regarding monopoly, maybe he might be thinking of the the Dangote scenario. You know how Nigeria government dey do

cc: lalasticlala

I wan learn o

ZinoC10:


Regarding monopoly, maybe he might be thinking of the the Dangote scenario. You know how Nigeria government dey do

You just spoke my mind

Lalasticlala

ZinoC10:


Regarding monopoly, maybe he might be thinking of the the Dangote scenario. You know how Nigeria government dey do

Let's talk about Dangote.

They are many start up and growing business selling exactly what Dangote is selling but in smaller scale and in less popular brand serving a particular niche...

The reality is Dangote (and major monopolies) is not in competition with any start up, infact they should be a blessing. You know why?

Most successful businesses and inventions were built on the success of others successful project.

So, as a start up, instead of seeing Dangote as a competition, see Dangote as a template, A template to study and improve on.

ENTREPRENEURSHIP IN NIG IS A SCAM PART-1

https://www.nairaland.com/2983340/entrepreneurship-nigeria-scam-multiplier-poverty

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

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

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

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

Entrepreneurship in Nigeria is of the graduate job seeker told to engage in bead making, soap making, hair dressing, laundry and so on. These businesses have neither inventions nor advancement to add to the business practice. 

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

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

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

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

Did America achieve greatness by emphasising on vocational trainings on how to make shoe polish, bake cake, produce detergents, event decorations, frying akara and establishment of football viewing centres? Did Britain get it right by teaching her youth how to start beer palour and salon businesses or by ensuring technological dynamism? I wonder if it is mere phone repair training was what brought China among world's  mobile phone producers.

Take a look at the furniture industry in Nigeria, you'll discover it is almost dead because foreign furniture has flooded the Nigerian market. Foreign furniture makers have been able to introduce much variety of products with various designs, even at exorbitant prices, yet people still buy them. Imported furniture  attains this much because modern machines are regularly produced to make new designs of furniture, but here in Nigeria, we only make furniture that cannot compete with the foreign ones. 

I wonder why we have not given so much vocational training to professionals operating as doctors, nurses and pharmacist in the medical field. We give this set of people trainings that can make them compete favourably with their foreign counterpart. I believe it should appear proper to the government to substitute entrepreneurship and vocational education with the training they receive in the teaching hospitals. 

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

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

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

The entrepreneurship that Nigeria needs is one in which local engineering enterprises will be able to metamorphous  into multinationals like General Electric, Ford Motors, Chevron, Microsoft Corporations, Tata Steel and the likes. With this, Nigeria will become industrialised and be listed among the developed nations of the world.






‎

oneolajire:
ENTREPRENEURSHIP IN NIG IS A SCAM PART-1

https://www.nairaland.com/2983340/entrepreneurship-nigeria-scam-multiplier-poverty

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

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

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

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

Entrepreneurship in Nigeria is of the graduate job seeker told to engage in bead making, soap making, hair dressing, laundry and so on. These businesses have neither inventions nor advancement to add to the business practice. 

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

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

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

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

Did America achieve greatness by emphasising on vocational trainings on how to make shoe polish, bake cake, produce detergents, event decorations, frying akara and establishment of football viewing centres? Did Britain get it right by teaching her youth how to start beer palour and salon businesses or by ensuring technological dynamism? I wonder if it is mere phone repair training was what brought China among world's  mobile phone producers.

Take a look at the furniture industry in Nigeria, you'll discover it is almost dead because foreign furniture has flooded the Nigerian market. Foreign furniture makers have been able to introduce much variety of products with various designs, even at exorbitant prices, yet people still buy them. Imported furniture  attains this much because modern machines are regularly produced to make new designs of furniture, but here in Nigeria, we only make furniture that cannot compete with the foreign ones. 

I wonder why we have not given so much vocational training to professionals operating as doctors, nurses and pharmacist in the medical field. We give this set of people trainings that can make them compete favourably with their foreign counterpart. I believe it should appear proper to the government to substitute entrepreneurship and vocational education with the training they receive in the teaching hospitals. 

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

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

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

The entrepreneurship that Nigeria needs is one in which local engineering enterprises will be able to metamorphous  into multinationals like General Electric, Ford Motors, Chevron, Microsoft Corporations, Tata Steel and the likes. With this, Nigeria will become industrialised and be listed among the developed nations of the world.






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That's why I noted it AS NOT skill acquisition

Lalasticlala

It's been long I see intellectual discussion on Nairaland,good old days