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The Igbo Apprenticeship system have produced more millionaires and billionaire's than all the Nigerian Universities combined together. If you doubt it, go and verify. The Igbo Apprenticeship System: The Secret To Igbo Wealth Creation The Igbo apprenticeship system is a local entrepreneurship incubation system that is native to the South-Eastern part of Nigeria. It is a structure that operates on formal and informal agreements between a trade master and a trade student. The family of the trade student allows their child/ward to go and “serve” the trade master for a certain period of time. After the time frame elapses, the trade student graduates and get established by the trade master to start his own business. Professor Ndubuisi Ekweke, an inventor, entrepreneur, and Harvard Business Review Writer defines the Igbo apprentice system as “… a business philosophy of shared prosperity where participants co-operatively participate to attain organic economic equilibrium where accumulated market leverageable factors are constantly weighted and calibrated out, via dilution and surrendering of market share, enabling social resilience and formation of livable clusters, engineered by major participants funding their competitors, with success measured on quantifiable support to stakeholders, and not by absolute market dominance.” Further explaining the scheme, Iwara, Amaechi, & Netshandama in their article The Igba-boi apprenticeship approach: arsenal behind growing success of Igbo entrepreneurs in Nigeria, said; “Within this approach, a parent of potential apprentice (mostly males) often bargains and negotiates with a successful entrepreneur on the possibility of handing over their kid to him (the successful entrepreneur). This is done with the hope that the kid would stay under him and acquire the basic skills of entrepreneurship. This approach is known as Igba-boi.” The purpose of the Igbo apprentice system is to kindle the spirit of entrepreneurship, drive economic stability and growth for the Igbos, grow human resources, and make business financing easier. Stages Of The Igbo Apprenticeship System Stage One: Talent Identification The Igbo Apprenticeship System is in three phases. The first is the talent identification stage. In this stage, the parents or guardians of a child identify the talent that a child has an affinity for. After identifying a child’s talent, they proceed to find an entrepreneur that can help teach the child how to do business in the field they identify. If they find one, they move the child to the next stage of the apprenticeship system. Stage Two: The Learning Stage The second stage of the Igbo apprenticeship system is the learning stage. At this stage, the trade master teaches his mentee practical ways to do business. But, before a trade master proceeds with training, he makes sure that he tests the trade student in key areas. These include their willingness to learn, doggedness, tenacity, and trustworthiness. Trustworthiness is a very key area that trade masters test. This is due to the fact that they will be handing over some trade secrets to the apprentice as time goes on. So, they need to know that those trade secrets will be safe. Trade masters train the apprentices on key business strategies. Some of these include transaction negotiation, building customer relationships, how to source affordable goods, and pricing. It is also important to note that during the learning phase, an apprentice lives with his master during the training phase. And it also follows that while living with your trade master, he expects you to do some minor work around the house. Final Stage: Graduation And Settlement The final stage of the Igbo apprenticeship system is the graduation and settlement stage. If an apprentice makes it to the full term of service under his trade master, he qualifies for a “settlement” from his erstwhile trade master. You will most likely get settled in cash, but there’s an alternative for settling in kind depending on prior agreements. Cash settlement is a sort of startup fund that the trade master gives his mentee to start his own entrepreneurship journey. When a master settles a mentee in kind, it is common practice that the trade master helps the mentee get a premise, and fills it with goods for the mentee to start his entrepreneurship journey. It is also expected that once you get settled, you should begin to innovate in terms of the goods you stock, where you source goods and customer relationships to grow your own business. Advantages of the Igbo Apprenticeship System Helps Build Business Ecosystems Using Cultural Models One of the many problems of the Nigerian economy is that we import foreign economic models to use locally. These economic models usually suit other climes but they do not work here because they are not meant for the local terrain. The Igbo apprenticeship system on the other hand offers a local strategy that helps build strong businesses in the face of harsh realities. And it pays attention to the socio-economic realities of the Igbos and indeed the nation if harnessed. It Is A Form Of Startup Incubator A startup incubator is a program that provides entrepreneurs with training, mentorship, and funding to help their business ideas succeed. The Igbo apprenticeship system is a form of startup incubator. It is successful because it allows entrepreneurs to learn directly from people that have huge experience with entrepreneurship. The amazing aspect of the Igbo apprenticeship system is that the student entrepreneur gets to learn in real-life situations and environments. Business lessons, local opportunities, the dynamic of the local market, and how to source quality goods are some things they learn from the system. It Is An Excellent Example Of Mentorship Many successful entrepreneurs will advise you to get a mentor if you want to develop your capacity faster. Additionally, mentors help you make fewer mistakes. In that sense, mentors help you navigate your journey in entrepreneurship. Mentors are often more experienced than you are. So, they advise you on the best decisions to take, and common pitfalls to avoid. The Igbo apprenticeship model gives trade students access to mentors that can instruct them on practical issues. Key areas of focus may include negotiation techniques, pricing, customer relationship It Helps Provide Funding For Business Startup One of the problems with starting a business in Nigeria is that there are a few funding opportunities. Owing to that, many people do not engage in entrepreneurship, although, they have a passion for it. With the Igbo apprenticeship system, you get funding at the end of your learning with your trade master. We already established that the trade master either settles the apprentice in cash or kind (stocking of the shop). With the settlement, most entrepreneurs go on to innovate and grow their businesses. The System Is Efficient It is a system that is very efficient. Your trade master teaches you on the field, where you’ll have direct access to the market, and what they need. As a result of you participating in the apprentice system, you have access to raw market data. This data will help you define how you position your brand and the type of business model to adopt. It Helps To Reduce Unemployment And Poverty Many entrepreneurs have been created through the Igbo apprenticeship system. In fact, many people claim that the Igbo apprenticeship system delivered more millionaires than many business schools around the world. Whether that is true or not is a matter for another day. What stands true is that the Igbo apprenticeship system has lifted many families out of poverty. Additionally, it has saved many from the enduring problem of unemployment in Nigeria. It Helps Build An Entrepreneurship Mindset There have been calls for people to stop depending on the government to provide employment and to take up entrepreneurship. However, due to the lack of funding opportunities, many people have not developed an entrepreneurial mindset. Thankfully, the Igbo apprenticeship system has helped develop an entrepreneurial mindset in a nation that will otherwise depend on government. https://www.entrepreneurs.ng/the-igbo-apprenticeship-system/ |
3 Idiots |
This technology is real and will simply convert your existing petrol generator to be using Cooking Gas too, and it’s cheaper to run and last longer. You can switch between Petrol and Cooking Gas anytime without changing your Carburetor. There are Dual Hybrid Carburetors which allows your existing Gen to accept both Cooking Gas and Petrol as sources of fuel. Your 12.5kg gas will take you up to 40hrs – that’s about a week, if you decide to run 6hrs per day. It’s easy to install and you can do it yourself > Just unmount your carburetor, mount the device and you are good to go. You can always remove the device and remount your carburetor if you want. The hybrid carburetor allows you to switch between both so you have no need for your old carburetor. It’s also eco-friendly, as it produces no smokes!Sounds great, right? By the time you compare the time ratio between fuel and gas, you’ll realise you’re saving more by using gas! Check out the hours Gen lasts on cooking Gas compare to Petrol.
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Blesslee24:When you show men your body, they will use your body |
Let's ask ourselves...could Peter Obi have been able to do what President Bola Ahmed Tinubu has done within 2 weeks in making significant changes in all the security architecture of Nigeria? |
No wonder Tonto Dikeh has been complaining since. Btw Genetic makeup and availability of good foods put those countries at the top. If Nigerians have access to good diet, there would be improvement |
If he's wise, he shouldn't renew any contract and leave as their Hero. He already won a trophy for them. If he stays another term and under performs, they'll forget his success and call him a failure |
As long as the nations of the World and financial institutions in the World make use of the dollar for estimates and transactions, it will continue to be the supreme currency for international trade |
CivilianJTF:The post is talking of landmass, you're talking of population. Try to read before making comments. ABU used to be the biggest before UniAbuja and others took over |
PalmPay may collect below personal data from you: A - Customer information To use the financial services in our APP, you must provide customer information via our registration, account upgrade or profile forms as per relevant regulatory requirements. This information includes, but it is not limited to: - Full name, e-mail address and phone number, PalmPay PIN, address, whether you are male or female, date of birth. - For some services we may also collect Bank Verification Number (BVN), ID, documentation information and photograph (where applicable) Your Phone Number information will be uploaded to https://ng-m.palmpay.app B - Device information The following information may be collected from you automatically when you use the PalmPay mobile app, but it is not limited to: - Details of your handset/device, unique device identifiers (IMEI or serial number), information about the SIM card, mobile network, operating system and browser settings. We use this information to protect our customers from service-related crime, enhance the services we offer and to help us understand how people use the Service. C - Location information Certain PalmPay features may require location information from your device's GPS. With your consent this information will be collected for these services. You will be required to grant consent. Turning off location services may render some services unavailable. D - Analytics We may use in-app analytics technologies, like Google Analytics, to help improve and simplify the overall app, design and service. These tools track aggregated information about in app usage, provide performance measurements and allow better reporting on application failures. We record when you install or uninstall PalmPay to help us track who is using the Service. In respect of Customer information or information that enables us to identify you personally (“Personal Information”). We have provided that following table to further outline the data that we collect: Category of Personal Data collected What this means Identity Data First name, surname, maiden name, last name, username or similar identifier, marital status, title, date of birth and gender, selfie picture, identification document number, copies of ID documents or other forms of identification. Contact Data Your home address, work address, billing address, email address and telephone numbers. Online Presence Data Links to your public account pages at social media websites, links to personal websites, and other online materials related to you. Financial Data Your bank account and payment card details, statements about your wealth and financial situation. Transaction Data Any details about payments to and from you and other details of subscriptions and services you have purchased from us. Data in respect of your transactions with third parties (including your credit history). Content Data Any content you post to the Services not already included in another category, including without limitation, your profiles, questions, preference settings, answers, messages, comments, and other contributions on the Services, and metadata about them (such as when you posted them) ("Content" .Marketing and Communications Data Your preferences in receiving marketing from us and our third parties and your communication preferences. If you correspond with us by email or messaging through the Services, we may retain the content of such messages and our responses. Behavioral Data Inferred or assumed information relating to your behavior and interests, based on your online activity. This is most often collated and grouped into "segments". Technical Data Security credentials (username and PIN/password) Internet protocol (IP) address, your login data, browser type and version, time zone setting and location, browser plug-in types and versions, operating system and platform and other technology on the devices you use to access this application or website or use our services. This personal data will be used to assist us in delivering the service that you signed up for; allow us to understand how services are being used by you; protect you and your account; improve our services and communicate new services and offers to you. |
jamesversion:Who puts 100 million naira in an online bank? ![]() People only use them to receive quick alerts and transfer to their main traditional commercial banks. That's the advantage they have. Quicker alerts within seconds. |
LuvsBeautifl:Opay is miled ahead of commercial banks in Nigeria combined. The other Banks are the problem. Try sending any money to your Opay account. You'll receive the alert in 1 Second. Most of the Commercial Banks in Nigeria have issues with their ICT units |
SanctifiedSista:Opay no dey get issues. That's why I said they are the best |
afesco:Activate it in the settings on your Opay app. Though they will charge you for SMS |
I just realized Opay is miles ahead of all the Commercial Banks in Nigeria combined. They are the future of banking in Nigeria. Access Bank remains the worst of the worst banks in Nigeria. Imagine receiving an alert today of some money that was sent since last Monday 13/03/2023 |
webizone:They have changed their USSD code to *701# now from *901#. It works fast. I've also received the alert just now. NB: That's the last time I will use Access Bank for any transfer. Opay is the best. 1 sec |
visaclick:I've received the alert. But I will never use Access Bank again |
RESUMPTION: MESSAGE FROM THE VICE-CHANCELLOR My dear Students, Welcome back from Election Break! I know you have demonstrated your commitment to be a great ambassador of the great UofA while on Break and you observed the best behavior and ethics throughout. I am happy to say that no adverse story was received on any student by the University from anywhere in the nation and so while welcoming you back I must also commend you for making your University very proud! Among the newest developments at the UofA is the European Union grant which your University recently got in collaboration with other institutions nationally and internationally and the beginning of academic research and training programme in an International Master of Science Degree in Embedded Artificial Intelligence, bringing expertise together across the University of Abuja to deliver this world class programme. Your University is excited to use the opportunity of this external research grant and collaboration to establish a UofA Centre/Programme for Artificial Intelligence with total commitment to world-class cutting research and training in this area. Your University is making a commitment to lead the nation in this endeavor and to put its service to the greater benefit of Nigeria and humanity. I therefore call on all who have anything to contribute in this endeavor to reach out to the new programme of Artificial Intelligence on our campus. There are quite a lot of other programmes and exciting things going on across the University. All faculties are working around the clock to ensure that by Wednesday this week, all first semester's results are processed and eventually released to students. The University regrets the delay in releasing results this last semester and will bring anyone to book who causes further delay no matter who they are! CBT exams and e-script examination is becoming a major focus in the University. We are moving forward to eliminating to the barest minimal paper exam on our campus. This will ensure prompt examinations by students and prompt grading and prompt release of grades to our dear students. The CBT Unit, ITMS and other collaborators are working hard to ensure that CBT and e-script exams are institutionalised on at the UofA. Please prepare yourselves to this and ensure that you personally acquire whatever you require to make this easier for you on your own part as a student. Your Second Semester final exam timetable is being released and you should continue towards your preparation for the end of semester exam. The Examination shall take place as planned and our academic calendar is sacrosanct. All students must wear their ID cards without exception when they are on campus. No reason would be accepted if any student is caught without displaying his or her ID card using the official lanyard. This is part of the UofA's security measures so we know from far those who are guests as different from Students of the UofA on campus. Students must take this warning most seriously as anyone who moves around the campus without wearing the ID would have him or herself to blame. Furthermore, official UofA student ID worn by every student is required in order to be admitted to examination. Nobody without ID will be allowed to write examination during the forthcoming exam and in all other examinations on campus now and in future. Your University is working hard to start the Student Courtesy Ride across the Campus. University buses will pick and drop students who wear their ID as a mark of identity throughout our main campus, free of charge. This programme is to make the life of students a bit easier as they move from one end of campus to the other attending classes and seeking for campus services. Please behave well as the exemplary students that you are while using the Student Courtesy Ride. Finally, the Indoor Sports Hall is now almost ready for use, and the University will soon begin intensive sports and fitness activities on campus so that all year round students have opportunity to participate in sports and to exercise for fitness. There are more to come, my dear students. Please continue to enjoy your time at the great UofA and remain committed to your studies and to becoming the pride of your University. All my best wishes! Abdul-Rasheed https://www.facebook.com/196119803794010/posts/pfbid0hPEu1n2M6yrombfThuJavN8p8f7vFqirNN1E5T4vMa6LRcCffVwwmw2VQYP6jigtl/?app=fbl
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Congratulations to the PDP Governor-elect. He should consolidate his tenure by improving infrastructures in and around Bauchi town |
A customer transferred 9k to my account with Access Bank since 13/03/2023 from First Bank. The customer was debited immediately. When I told the customer I had not yet seen any alert, he went to his Bank, First Bank Plc to lodge complaints. He was told at the Bank that the money has been sent to my own account at Access Bank. However up till date, I have not received the alert, while he has beem deducted. I have also noticed many others with same issues with Acccess Bank. What could be the problem with Access Bank? Modified: I just received the alert today |
Reno Omokri , Nyesom Wike, Tonto Dike, Deji Adeyanju, Kemi Olunloyo, Femi Fani Kayode...FFK, Dino Melaye...SDM Festus Keyamo, Portable...Zazu Add yours below. |
Verify the allegation from her Senatorial district. Using tribal allegations and whims will backfire negatively on any ethnic group promoting it. |
Congratulations in advance to LP candidates in Abuja. The LP candidate takes over from Philip Aduda of PDP who has been in the Senate for 20yrs |
kay1one:
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lacemose: |
Polling unit under the bridge? Stop spreading fake news abeg |
OmoFiditi: |
christistruth01:Buhari won with 25% across 24 States with SS and NC Tinubu cannot win without SE, SS and NC votes |
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