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Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) - Business (3) - Nairaland

Nairaland ForumNairaland GeneralBusinessNigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) (16850 Views)

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Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by franchasng: 10:55am On Dec 26, 2025
ariesbull:
Difference Between Yoruba and Igbo Apprenticeship Systems

Yoruba Apprenticeship System

1. An apprentice is usually required to pay a token fee before starting to learn the trade.


2. After completing the training, the apprentice may be asked to pay freedom money before being allowed to leave and operate independently.


3. The system focuses on skill acquisition, after which the apprentice is responsible for starting their own business.




Igbo Apprenticeship System

1. The apprentice does not pay money to learn the trade; instead, they offer loyalty, humility, obedience, and diligence, usually for about 3–5 years.


2. After completing the apprenticeship, the master often settles the apprentice by providing money, goods, or startup capital to begin their own business.


3. This system emphasizes mentorship, trust, and long-term economic empowerment.


Summary

Yoruba system: Pay to learn → pay to exit → start independently.

Igbo system: Serve faithfully → learn the trade → receive support to start a business.


Both systems have strengths and reflect different cultural approaches to learning skills and building economic independence.But Igbo apprenticeship brings more successful people cos they don't need to start looking for seed capital and also not looking for freedom money and party money after learning the trade
This is the singular reason Igbos have more middle-class population than any other tribe in Nigeria.


People can argue with their keyboards, the truth is staring in their eyes
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Minjim: 10:56am On Dec 26, 2025
Enddy50ty:
This is a testament to the fact that "The IGBO apprenticeship system has produced more billionaires than Harvard business school".
Are you in your right senses? What's this compared to the wealth of Harvard graduates
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Arda1000(m): 10:58am On Dec 26, 2025
ariesbull:
Igbo are not superstitious unlike those that wousjnt go to their villages that claim Lagos year In and out claiming juju and fear

Settlement in Igbo land is done in open
true
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Enddy50ty(m): 10:59am On Dec 26, 2025
Minjim:
Are you in your right senses? What's this compared to the wealth of Harvard graduates
Do your research, don't come online and expose your stupidity
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Achor1111(m): 11:00am On Dec 26, 2025
Time to learn a skill, make them credit me with 20m
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Nwaiyoo: 11:04am On Dec 26, 2025
Only an igboman will feed you, cloth you, shelter you, train you in skill, settle you financially and mentor you free of charge. Kiss this truth.
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by creolehunt: 11:16am On Dec 26, 2025
FreeStuffsNG:
If anything bad happens to those guys, he should be held responsible.

His indiscretion is abhorrent and cringe-worthy.

No sensible person goes online to announce N20m donation to upstarts with no adequate resources to protect themselves from the insecurity such public announcement will attract.

It says so much about the background of the man; must have endured poverty background and when he broke away from his intense poverty background, he was never able to resist the urge to announce and pepper his poor relatives, friends and neighbors.
Smh.

I hope the tax man knows his address wink
The Okitipupa ethnic warlord has spoken.

Where in the post did it say the man publicized this?

Or is there any quote from him in the post?

Envy is a deadly sin.
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Okechinwadike: 11:16am On Dec 26, 2025
ppogba:
It was the same Otedola that rescued CHRISTIAN CHUKWU when the products of the apprentice system ignored him on his sick bed.

Some of you have no or short memory.
how does it relate to what I post? Sharp memory man
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by RodgersAkpafu: 11:17am On Dec 26, 2025
This is nice
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Harddiskng(m): 11:25am On Dec 26, 2025
PHIPEX:
Is this not better than spending 4years in Nigeria school like this?

Do you know how long it will take a Nigerian graduate to save 20million?
Isn’t the Igbo apprenticeship system 10 years?

Plus this is one in a 100.

My main thought on why this good system is dying is because of wicked and greedy masters.

Most see the due date coming and find a way to loose guard their underlinings. That is why so many young igbos shun it now a days.
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Uguruzik(m): 11:36am On Dec 26, 2025
That's how much Igbos hate themselves.
Igbo don't love themselves, Igbos hate themselves. You All Can now See The Hate
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by villagereporter(m): 11:38am On Dec 26, 2025
Gotocourt:
How much be Tinubu tax inside tongue
.

I swear if dem tax dis apprentist, even me too go carry gun go Abuja.😂
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by spencekat(m): 11:45am On Dec 26, 2025
Egbe! Ego wu so mmiri.
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by ppogba: 11:58am On Dec 26, 2025
Okechinwadike:
how does it relate to what I post? Sharp memory man
Your obsession with Dangote and Otedola necessitated it.

What brought the two names into the equation?

Next time, congratulate the apprentices and move on. Everything is not about unnecessary obsession
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Jozilinn: 12:01pm On Dec 26, 2025
I pray the money is from a genuine source and also that the ones collecting it know what they're looking for in life.
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by hopeforcharles(m): 12:44pm On Dec 26, 2025
My bro some of them can be something else i had one who builta house with my funds and after i settled him Squandered the money and tried coming back for another.

Igbo apprenticeship method is a very good way to make if you dont have a helper.
Tochi360:
That's the real deal it's wickedness to cheat an apprentice off is Labour, if you do it just know that karma will wait for you somewhere.

Even though some of this boys can be very stupid sometimes grin

One of them came all the way from far away ikot epkene and tried to knack me otumpko with the intention se I go leave the business for am grin grin

Me wey don submit my small head inside my Eternal rock of ages wey no dey ever fail grin grin,na madness him use am chop. I still gather money give him parents make them take care of am.
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by hopeforcharles(m): 12:45pm On Dec 26, 2025
Gbam.
Nwaiyoo:
Only an igboman will feed you, cloth you, shelter you, train you in skill, settle you financially and mentor you free of charge. Kiss this truth.
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Tochi360: 1:09pm On Dec 26, 2025
hopeforcharles:
My bro some of them can be something else i had one who builta house with my funds and after i settled him Squandered the money and tried coming back for another.

Igbo apprenticeship method is a very good way to make if you dont have a helper.
This boy is someone who I never wanted to take in bcus the first time he came with his brother, one of my boy caught him in ashawo house grin na the ashawo dey push am to thief from me,even link am to Benin babalawo wey dey do juju for am grin

Him cast wotowoto bcus My God don already turn me to him own personal arusi on Earth grin grin.

Nonetheless ,robbing the sweat of an apprentice is a no no,paying them off in due time is very essential.
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by lawani(m): 1:16pm On Dec 26, 2025
Tochi360:
This boy is someone who I never wanted to take in bcus the first time he came with his brother, one of my boy caught him in ashawo house grin na the ashawo dey push am to thief from me,even link am to Benin babalawo wey dey do juju for am grin

Him cast wotowoto bcus My God don already turn me to him own personal arusi on Earth grin grin.

Nonetheless ,robbing the sweat of an apprentice is a no no,paying them off in due time is very essential.
One good thing about the apprenticeship system is that it forces the master to grow. You have to grow to be able to pay. If you don't grow you can't pay. If your apprentice is stealing from you that's also another problem. However for a real business you can't be using the system. You have to retain human resources
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by PHIPEX(m): 1:17pm On Dec 26, 2025
Adiy:
What business is the boss into because he must have made #200,000,000 profit or more.
We don't ask questions...am just thinking abi wot do I no
Do you think he had no business yet has these apprentice that have been with him for at least 5years. Did he go to the village to picknthem, train them for these years yet publicly settle them without having a tangible business?

It's good to ask questions but rational thinking should not be ignored. Let's also ask which company produced the bomb America used to bomb Nigeria last night?
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Tochi360: 1:30pm On Dec 26, 2025
lawani:
One good thing about the apprenticeship system is that it forces the master to grow. You have to grow to be able to pay. If you don't grow you can't pay. If your apprentice is stealing from you that's also another problem. However for a real business you can't be using the system. You have to retain human resources
If other tribes in the Country had captured the system earlier like Igbo,the human development capital of Nigeria by now for dey massive.
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by lawani(m): 1:43pm On Dec 26, 2025
Tochi360:
If other tribes in the Country had captured the system earlier like Igbo,the human development capital of Nigeria by now for dey massive.
It has its disadvantages. Igbo boys have a lower enrolment rate for waec than Igbo girls for instance and the right and best way to do business is hire employees. Can you send your kid to go and do apprenticeship instead of go to university?. Many boys don't complete secondary school in the east. Then can a real big business rely on the scheme? No They have to start retaining employees if they want to sustain growth
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Tochi360:
lawani:
It has its disadvantages. Igbo boys have a lower enrolment rate for waec than Igbo girls for instance and the right and best way to do business is hire employees. Can you send your kid to go and do apprenticeship instead of go to university?. Many boys don't complete secondary school in the east. Then can a real big business rely on the scheme? No They have to start retaining employees if they want to sustain growth
Yes.None of my kids is going to any dirty university until they have learnt a trade first things first.

It's a decision We have upheld for 3 generation now.
The mentality Africans have about education is quite flawed. Education is seeking to capture information, that transcends to knowledge and them empowers the mind to function in whatever chosen direction or field. It's not about getting certificate.

The nwaboy system is a game changer for massive human capital development, even though some take it for granted.
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Newsmills: 1:57pm On Dec 26, 2025
More than gratuities of some government workers after 35 years of "unceremonious"meritorious services to a furnaced land not fatherland
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by GreaterFuture(m): 2:56pm On Dec 26, 2025
YoungLionken:
The truth is, fraudsters, prostitutes and their ilks are not the only ones making money in this country. But for someone who has tasted that lifestyle, it is difficult to convince him/her to this improbable reality...
Don't understand... Especially the latter part.
"But for someone who has tasted that lifestyle, it is difficult to convince him/her to this improbable reality..." how?
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by EndBuhariNow(m): 3:59pm On Dec 26, 2025
In 5 each each of them will settle another 5young boys... Tell me why Igbos will not be the greatest tribe ever
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by Murketeer: 4:37pm On Dec 26, 2025
Gotocourt:
How much be Tinubu tax inside tongue
Does he tax gifts now?
Re: Nigerian Businessman Settles His 5 Apprentices With ₦20 Million Each (Video) by frog12: 5:45pm On Dec 26, 2025
fake
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