Vice President, Prof. Yemi Osinbajo has described the Igbo apprenticeship model as a good way of building wealth among people.

Osinbajo spoke virtually from Abuja to participants of a national summit in Awka, convoked to understudy the model, which is said to have produced several millionaires.

Speaking on the model which is popularly known as ‘igba boi’ in Igbo language, Osinbajo harped on the need to encourage the scheme to ensure continuation.

“The Igbo apprenticeship scheme ‘igba boi’ has become the most popular indigenous Nigerian economic institution, globally recognized as the world’s largest business incubator.

“The scheme has the full potential to do for the Nigerian economy what similar apprenticeship schemes have done in many parts of the world, especially in Germany and India.

“I commend the organizers of the event, and I’m hopeful that the summit will improve the growth and possibilities for the Igbo apprenticeship scheme.”

While speaking on the theme: Repositioning The Igbo Apprenticeship Scheme For Sustainable Economic Development, the Keynote speaker and Chairman, United Nigeria Airlines, Dr. Obiora Okonkwo recommended that the scheme should be institutionalized.

Okonkwo attributed his success in life to the Igbo apprenticeship scheme which he said he engaged in during the early days of his life at Onitsha main market, Onitsha, Anambra State.

“I am sure some of you may have been wondering why I was chosen to deliver the keynote at this event. The simple answer is that the apprenticeship scheme and the Onitsha Main Market hold a very special place in my heart as that was where I had my first stint in business.

“My father died when I was 14 years old, forcing me to combine my secondary school education with managing the business and his apprentices. That meant I went to school in the morning and continued at the Main Market in the afternoon. That basic trading experience, in many respects, helped hone my business instincts and also instilled in me a deep sense of industry and hard work that has defined my life’s journey to date.”

Okonkwo said because of the experience, when the Nnamdi Azikwe University Business School in July 2019 honoured him with the ‘Philanthropist of the Year Award’, it was only natural for him to try to give back by endowing a major research project on the future of Igbo entrepreneurship.

The National Summit on Igbo Apprenticeship Scheme was organized by Anambra Broadcasting Service (ABS) in collaboration with the Awka Chamber of Commerce, Industry, Mines.

https://dailypost.ng/2022/03/11/igbo-apprenticeship-model-most-popular-way-to-build-wealth-in-nigeria-vp-osinbajo/

We die here today

I've once said this that the model should be studied. I really like it.

No, Igbos hate themselves.

It's Afonja that mine each other's skulls that love themselves.

But they are still the poverty capital of the south, with the lowest internet penetration in nigeria

I have always wondered about this. If it is institutionalised that would be very good indeed to allow the rest of us learn a thing or two from it

LILTJAY1:
But they are still the poverty capital of the south, with the lowest internet penetration in nigeria

As in them too hype themselves,Infact there is no day I don't get stopped on the road by one Afonja begging me for tfare or money for food there is poverty In this land despite the booming skull mining industry and yahoo/Ritualists Revolution.

I have said it before, let me repeat myself...
Igbo apprenticeship system has produce more self-reliant individuals than Nigerian prominent universities put together (UI, UNN, UL, OAU, ABU)

And HE, Prof Yemi Osinbanjo have affirmed it..

Goodmarlian:


As in them too hype themselves,Infact there is no day I don't get stopped on the road by one Afonja begging me for tfare or money for food there is poverty In this land despite the booming skull mining industry and yahoo/Ritualists Revolution.

internet money

Osinbajo spoke virtually from Abuja to participants of a national summit in Awka, convoked to understudy the model, which is said to have produced several millionaires.

"Several millionaires"?
Millions of millionaires would be more like it...

The problem is that this system is currently under attack from the following;

1) Trade masters who fail to settle their subjects after completing service tenure.

2) Greedy apprentice who resort to stealing their masters money to get quick riches.

3) Pretty ladies that lure these apprentice to steal their masters money.

4) Fake pastors that continue to give fake prophesies to the parties involved thereby destroying their relationship.

5) Modern technology where trades are done via the internet. Most apprentice are illiterates and are not ICT updated.

6) Latest Igbos psychology towards education and receiving salary jobs thereby missing their routes to riches.

7) Latest greed in youths to become yahoo people thereby seeking quick riches.

Constant jealous from people who feel threatened of Igbos domination of their abode.

In all the threat, the Igbos themselves are not doing enough to standardize the system and there is a fear that it's just a matter of time this system phases out. Something should be done by the government, the financial institution, the legal institutions to strengthen the system if not it will be told goodbye in no distant time. Take it or leave it

foryourmindlol:
No, Igbos hate themselves.

It's Afonja that mine each other's skulls that love themselves.

Lol..

I won't subscribe to a practice of modern slavery or a form of Education deprivation. There is no better model for wealth distribution than technical skills acquisition. A slightly better informal system originally practised by the middle-class Arabs was the pooled fund model which was later adopted as standard practice.

True that VP. But Igbos are Igbos problem.

they are their own problem

Zeemam:
they are their own problem

TheRareGem1:
True that VP. But Igbos are Igbos problem.

Yeah, Igbos are truly their own problem by refusing to leave their legitimate businesses and join you in Ogun state to mine human skulls and sell 5, 000 naira apiece for a living

This ofe mmanụ man should stay away from us. Sub-humans

Helinues will agree with me that the Igbos be baba

The model is the popular way to build poverty instead.. empower people and not use them as boy boy for 10-15yrs and then give them 100k to go and start life. Who does that?

SpecialAdviser:
The problem is that this system is currently under attack from the following;

1) Trade masters who fail to settle their subjects after completing service tenure.

2) Greedy apprentice who resort to stealing their masters money to get quick riches.

3) Pretty ladies that lure these apprentice to steal their masters money.

4) Fake pastors that continue to give fake prophesies to the parties involved thereby destroying their relationship.

5) Modern technology where trades are done via the internet. Most apprentice are illiterates and are not ICT updated.

6) Latest Igbos psychology towards education and receiving salary jobs thereby missing their routes to riches.

7) Latest greed in youths to become yahoo people thereby seeking quick riches.

Constant jealous from people who feel threatened of Igbos domination of their abode.

In all the threat, the Igbos themselves are not doing enough to standardize the system and there is a fear that it's just a matter of time this system phases out. Something should be done by the government, the financial institution, the legal institutions to strengthen the system if not it will be told goodbye in no distant time. Take it or leave it

flesh and blood did not reveal this to you

igbos should keep thier trade secrets to them selves and allow theses foools to continue with their change and next level empty ideas

PrinceOfLagos:
Helinues will agree with me that the Igbos be baba

Make your comments without seeking my validation..

Tribalistic jingoism

[s]

helinues:


Make your comments without seeking my validation..

Tribalistic jingoism

[/s]

But when you call me out , it's Ok right ?

flokii:
The model is the popular way to build poverty instead.. empower people and not use them as boy boy for 10-15yrs and then give them 100k to go and start life. Who does that?

So the agbero model system of poverty elevation by Tinubu should be encouraged and adopted by all and sundry. Your mumu dey make me cry.

PrinceOfLagos:
[s][/s]

But when you call me out , it's Ok right ?

I don troll people.. You do.

That's the difference

ThEGodFaThEr125:

So the agbero model system of poverty elevation by Tinubu should be encouraged and adopted by all and sundry. Your mumu dey make me cry.

I dey watch you...

helinues:


I dey watch you...

I'm seriously asking around for your address and location. I want to check something.

ThEGodFaThEr125:

I'm seriously asking around for your address and location. I want to check something.

Imagine, I never even throw punch you don dey staggered.. You sure say you go fit chop 3 punches?

Igbos lead others follow case closed.

This apprenticeship system is the reason we have many millionaires and billionaires in Igbo land.

helinues:


Imagine, I never even throw punch you don dey staggered.. You sure say you go fit chop 3 punches?

I challenge you and myndd44 to a boxing match.

All expenses paid trip will be covered by me. Both of you should just indicate interest and come to the venue.

Location: indoor boxing auditorium stadium surulere.

Come one, come all...