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Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert - Business - Nairaland

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Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Nobody: 4:57pm On Jan 22, 2019
An American economics expert, Robert Neuwirth has called for the global scaling and worldwide adoption of the Igbo Apprenticeship System and other African sharing economic systems in other to maximize economic development all over the world.


Neuwirth was speaking at the globally important TEDGlobal 2017. Igbodefender.com obtained transcripts of the talk which has been viewed over 1 million times!

Neuwirth said;

“So, this is Alaba International Market. It’s the largest electronics market in West Africa.

“It’s 10,000 merchants, they do about four billion dollars of turnover every year.



“And they say they are ardent apostles of Adam Smith:competition is great, we’re all in it individually, government doesn’t help us.

“But the interesting reality is that when I asked further, that’s not what grew the market at all.

“There’s a behind-the-scenes principle that enables this market to grow.

“And they do claim — you know, this is an interesting juxtaposition of the King James Bible and “How To Sell Yourself.””



“That’s what they say is their message. But in reality, this market is governed by a sharing principle.

“Every merchant, when you ask them, “How did you get started in global trade?” they say, “Well, when my master settled me.”

“And when I finally got it into my head to ask, “What is this ‘settling?'” it turns out that when you’ve done your apprenticeship with someone you work for, they are required — required — to set you up in business.



“That means paying your rent for two or three years and giving you a cash infusion so you can go out in the world and start trading.

“That’s locally generated venture capital. Right? And I can say with almost certainty that the Igbo apprenticeship system that governs Alaba International Marketis the largest business incubator platform in the world.

Advocating the scaling of the Igbo business incubation system and similar systems, Mr Neuwirth said,

“These are these sharing models that exist out there that need to be propagated and used and scaled. OK?”

He advocated the adoption of the systems as a way of ending economic unfairness in the world.

“And if we propagate these things, we can begin to bring infrastructure to everyone, and that will ensure that communities are leading their own development, which is, I believe, what we need in the world, and, I would suggest, what we need in Africa.”

IGBODEFENDER COMMENT:
Thank you, Mr Robert Neuwirth for this expose. Mr Neuwirth, we Igbodefenders ask you to extend your studies past mighty Alaba International Market; but also to Onitsha Main Market (the market capital of Africa), Ariaria Market, ASPANDA, Ladipo Spare Parts Market, Computer Village, the Billion Dollar Nollywood markets at Pound Road, Idumota, Iweka Road etc, etc, etc., and other businesses running with the Igbo Apprenticeship System – IAS. There is much more to be learnt about the super Igbo Apprenticeship System.

#Igbo Amaka

Source:http://www.igbodefender.com/2019/01/22/alaba-10000-igbo-traders-make-4-billion-per-year-american-expert/ To watch the video: https://www.ted.com/talks/robert_neuwirth_the_age_old_sharing_economies_of_africa_and_why_we_should_scale_them/up-next?language=en

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1 Like 3 Shares

Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Nobody: 5:03pm On Jan 22, 2019
igbodefender:
An American economics expert, Robert Neuwirth has called for the global scaling and worldwide adoption of the Igbo Apprenticeship System and other African sharing economic systems in other to maximize economic development all over the world.


Neuwirth was speaking at the globally important TEDGlobal 2017. Igbodefender.com obtained transcripts of the talk which has been viewed over 1 million times!

Neuwirth said;

“So, this is Alaba International Market. It’s the largest electronics market in West Africa.

“It’s 10,000 merchants, they do about four billion dollars of turnover every year.



“And they say they are ardent apostles of Adam Smith:competition is great, we’re all in it individually, government doesn’t help us.

“But the interesting reality is that when I asked further, that’s not what grew the market at all.

“There’s a behind-the-scenes principle that enables this market to grow.

“And they do claim — you know, this is an interesting juxtaposition of the King James Bible and “How To Sell Yourself.””



“That’s what they say is their message. But in reality, this market is governed by a sharing principle.

“Every merchant, when you ask them, “How did you get started in global trade?” they say, “Well, when my master settled me.”

“And when I finally got it into my head to ask, “What is this ‘settling?'” it turns out that when you’ve done your apprenticeship with someone you work for, they are required — required — to set you up in business.



“That means paying your rent for two or three years and giving you a cash infusion so you can go out in the world and start trading.

“That’s locally generated venture capital. Right? And I can say with almost certainty that the Igbo apprenticeship system that governs Alaba International Marketis the largest business incubator platform in the world.

Advocating the scaling of the Igbo business incubation system and similar systems, Mr Neuwirth said,

“These are these sharing models that exist out there that need to be propagated and used and scaled. OK?”

He advocated the adoption of the systems as a way of ending economic unfairness in the world.

“And if we propagate these things, we can begin to bring infrastructure to everyone, and that will ensure that communities are leading their own development, which is, I believe, what we need in the world, and, I would suggest, what we need in Africa.”

IGBODEFENDER COMMENT:
Thank you, Mr Robert Neuwirth for this expose. Mr Neuwirth, we Igbodefenders ask you to extend your studies past mighty Alaba International Market; but also to Onitsha Main Market (the market capital of Africa), Ariaria Market, ASPANDA, Ladipo Spare Parts Market, Computer Village, the Billion Dollar Nollywood markets at Pound Road, Idumota, Iweka Road etc, etc, etc., and other businesses running with the Igbo Apprenticeship System – IAS. There is much more to be learnt about the super Igbo Apprenticeship System.

#Igbo Amaka

Source:http://www.igbodefender.com/2019/01/22/alaba-10000-igbo-traders-make-4-billion-per-year-american-expert/ To watch the video: https://www.ted.com/talks/robert_neuwirth_the_age_old_sharing_economies_of_africa_and_why_we_should_scale_them/up-next?language=en

Pythonamaka over to you.

Cc lzaa

2 Likes 1 Share

Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by IamAtikulate: 5:08pm On Jan 22, 2019
Igbos are busy making 1.4 trillion Naira in their backyard nut Yoruba Moslems are busy looking for innocent skull to mine.

4 Likes 1 Share

Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by nameo: 5:17pm On Jan 22, 2019
Can people just not turn this beautiful thread to "tribal" fights. And just imagine what are powerful incubation system the Economist was talking about.

An example of the resilience of the Nigerian spirit. A fact that is so ironic compared to the terrible shenanigans of successive Govts.

2 Likes

Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Nobody: 5:18pm On Jan 22, 2019
...And he was just talking of Alaba...

2 Likes

Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by LZAA: 5:19pm On Jan 22, 2019
immhotep:

Pythonamaka over to you.

Cc lzaa
grin

2 Likes 1 Share

Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Nobody: 5:20pm On Jan 22, 2019
Lalasticlala please come and stick this hot topic on the front message board. Another plus for Nigeria.
Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Oshigun: 5:21pm On Jan 22, 2019
IamAtikulate:
Igbos are busy making 1.4 trillion Naira in their backyard nut Yoruba Moslems are busy looking for innocent skull to mine.


See, this is the thing with Igbos. You are likely the only ethnic group who must quantify everything in terms of claiming superiority over others. This is why no one likes or trust you guys.

You dont even trust yourselves because it is all about empty bragging rights over others instead of trying to be genuinely happy as most Yorubas and Northerners are even when they dont have much.

2 Likes 1 Share

Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Daviddson(m): 5:21pm On Jan 22, 2019
Very good. But this doesn't change the fact that we're only enriching Chinese companies who manufacture these electronics. It'll have been better if those electronics are being manufactured in Aba, Abeokuta, Kano and Port Harcourt.

3 Likes

Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Nobody: 5:21pm On Jan 22, 2019
Igbo Amaka.
Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by hedonistic: 5:24pm On Jan 22, 2019
This apprenticeship system and business model is why the Igbo people have the broadest middle class and the lowest rates of household poverty in Nigeria.

1 Like

Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by IamAtikulate: 5:24pm On Jan 22, 2019
Oshigun:



See, this is the thing with Igbos. You are likely the only ethnic group who must quantify everything in terms of claiming superiority over others. This is why no one likes or trust you guys.

You dont even trust yourselves because it is all about empty bragging rights over others instead of trying to be genuinely happy as most Yorubas and Northerners are even when they dont have much.
Checked your moniker, it is owned by a Yoruba Moslem. I sighed and moved over. Learn to argue with your follow Yoruba Moslems

6 Likes 3 Shares

Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by SternProphet: 5:26pm On Jan 22, 2019
The idea of apprenticeships for business is STUPID on multiple levels in the age of IT powered disruption. What you knew last month will soon be irrelevant.

1 Like

Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Nobody: 5:29pm On Jan 22, 2019
SternProphet:
The idea of apprenticeships for business is STUPID on multiple levels in the age of IT powered disruption. What you knew last month will soon be irrelevant.
shocked
But an American expert from the world's most industrialized just said the apprenticeship system as practiced.by Igbos should be scaled up globally to ensure fairer economic development.

According to him, " This is what the world needs".

1 Like

Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Nobody: 5:48pm On Jan 22, 2019
igbodefender:
shocked
But an American expert from the world's most industrialized just said the apprenticeship system as practiced.by Igbos should be scaled up globally to ensure fairer economic development.

According to him, " This is what the world needs".
APC has succeeded in thoroughly confusing sternprophet grin
Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Pekele007: 5:49pm On Jan 22, 2019
Wow Igbos Amaka joor
Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by PythonAmaka: 5:51pm On Jan 22, 2019
First of, where did he get his statistical source?. If his source is untenable, his computations are therefore dismissible.

IF truly, the turnover is any thing close to this much annually, then I urge Lagos state government to increase the tax sales per shop to align with the provision of infrastructure that they do enjoy.

Any one who is economically inclined to commercial activities would know that Turnover does not equate Profit. The number of sales you make does not translate to net profits.

Do they keep books?, do they have balance sheets even as semi literates as they are?

How does the profit or loss which is the most determining factor affects their standard of living as many can't still afford 3 square meals and often squat with friends, more pathetically, some live all their lives in shops.


Lastly, the Igbo apprenticeship system could be likened to a master/servant OR a boss/housemaid contractual system whereby the servant or maid devotes a large number of years serving his master or boss who in turn rewards him with peanuts after being used. No educated Igbo man serves but only the illiterates and semi literates which are found in disturbing high numbers. This system is exploitative, it should rather be discarded than being encouraged.





python amaka

1 Like

Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Nobody: 6:09pm On Jan 22, 2019
Credible link pls grin grin

Not that piece of crap you called blog cheesy grin
Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by wayne4loan: 6:51pm On Jan 22, 2019
sad
Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Nobody: 7:25pm On Jan 22, 2019
kemicalreaction:
Credible link pls grin grin

Not that piece of crap you called blog cheesy grin
Lol. You wouldn't know credible if it stared you in the face, would you?
Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Oshigun: 7:42pm On Jan 22, 2019
IamAtikulate:

Checked your moniker, it is owned by a Yoruba Moslem. I sighed and moved over. Learn to argue with your follow Yoruba Moslems

Everyone is Yoruba Moslem to you lot because the natural bigotry amd insecurity you are born with means you must always put others in a box or category you can them use to discriminate against them. Fact is that classy men are gracious with their success (Yorubas) while brash and insecure men (Igbo) are loud over every little achievement.

For example, how many entertainers are bigger in Africa than Davido and Wizkid who are both Yorubas?Those two are practically the biggest stars from the African continent today!!! If they were Igbos we will not hear the end of it with how you lot will come here every minute claiming you developed Nigerian music and your artists are superior to others.
Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by IamAtikulate: 8:35pm On Jan 22, 2019
Oshigun:


Everyone is Yoruba Moslem to you lot because the natural bigotry amd insecurity you are born with means you must always put others in a box or category you can them use to discriminate against them. Fact is that classy men are gracious with their success (Yorubas) while brash and insecure men (Igbo) are loud over every little achievement.

For example, how many entertainers are bigger in Africa than Davido and Wizkid who are both Yorubas?Those two are practically the biggest stars from the African continent today!!! If they were Igbos we will not hear the end of it with how you lot will come here every minute claiming you developed Nigerian music and your artists are superior to others.
Yoruba Moslem, Ndi Igbo in Alaba market alone made 1.44 Trillion in 2018 while Lagos IGR is about 300 billion. We ain't mate. Go and mine your skulls and shout sai baba.
Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Nobody: 8:47pm On Jan 22, 2019
Yes it is true. They are making 10billion dollars everyday.

IamAtikulate:
Igbos are busy making 1.4 trillion Naira in their backyard nut Yoruba Moslems are busy looking for innocent skull to mine.
Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by IamAtikulate: 8:49pm On Jan 22, 2019
aze:

Yes it is true. They are making 10billion dollars everyday.

No Yoruba Moslem, 4 Billion dollars every year. Takio
Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Oshigun: 2:59am On Jan 23, 2019
IamAtikulate:

Yoruba Moslem, Ndi Igbo in Alaba market alone made 1.44 Trillion in 2018 while Lagos IGR is about 300 billion. We ain't mate. Go and mine your skulls and shout sai baba.

God, you guys are so disgracefully delusional I actually feel very sorry for you. With that sort of income, and with your claim of developing Lagos and London, why is the SE not Dubai? Mumu.
Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by sonature1: 12:17am On Jan 24, 2019
Whenever I walk around Lagos and I see Igbo shops everywhere, I wonder what the natives do.

Well, I thank God for rescuing our people through trading after the Biafran war almost ruined our destiny as a people
Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Nobody: 12:59pm On Jan 24, 2019
The Igbo Apprenticeship System is so powerful it can bring a nation out if poverty if nurtured.
Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Nobody: 12:50am On Apr 05, 2019
Ooni of Ife confirms Igbos are masters of wealth creation.

https://www.youtube.com/watch?v=mSrkMZP71B4
Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by IamAtikulate: 12:26am On Jul 09, 2019
Oshigun:


God, you guys are so disgracefully delusional I actually feel very sorry for you. With that sort of income, and with your claim of developing Lagos and London, why is the SE not Dubai? Mumu.
Watch this https://www.ted.com/talks/robert_neuwirth_the_age_old_sharing_economies_of_africa_and_why_we_should_scale_them/up-next?language=en
Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Nobody: 7:17am On Jul 22, 2019
Igbos are culturally entrepreneurial.
Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by dokiOloye(m): 8:11am On Jul 22, 2019
Oshigun:



See, this is the thing with Igbos. You are likely the only ethnic group who must quantify everything in terms of claiming superiority over others. This is why no one likes or trust you guys.

You dont even trust yourselves because it is all about empty bragging rights over others instead of trying to be genuinely happy as most Yorubas and Northerners are even when they dont have much.
Go to d politics section and see where your brothers are bragging and taunting Igbos that they have monopolised political power with d hausa/foolani and excluded Igbos,in d poverty capital of the world.
Whatever anybody has,let him/her use it to brag,as long as they don't mine skull grin
Re: Alaba: 10,000 Igbo Traders Make $4 Billion Per Year – American Expert by Nobody: 10:27am On Jul 26, 2019
dokiOloye:

Go to d politics section and see where your brothers are bragging and taunting Igbos that they have monopolised political power with d hausa/foolani and excluded Igbos,in d poverty capital of the world.
Whatever anybody has,let him/her use it to brag,as long as they don't mine skull grin
Igbo di egwu!

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