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Business / Re: The Number One Cause Of Business Failure And How To Avoid It by vheckthor1: 11:04pm On May 11, 2019
Very correct, but I think we need a lot of merging in order to achieve this, many youth know the way out but areturned incapacitated by lack of finances hence in a bid to gather funds they ended up with traditional entrepreneurship only few ended up succeeding and fewer make it to Capital entrepreneurs.
oneolajire:
Entrepreneurship in Nigeria is a Scam and a Multiplier of Poverty: Part 3


In the second part of this article, I described the four types of entrepreneurship available, they are, traditional, conditional, capital and innovative entrepreneurships.
Link to part 2
https://www.nairaland.com/3102449/part-2-entrepreneurship-scam-nigeria

It is important to note that nations that have developed over the years ensured massive emphasis on both capital and innovative entrepreneurship.

Unfortunately, the emphasis of entrepreneurship in Nigeria is on traditional and conditional entrepreneurships. I wonder how these kinds of entrepreneurships will solve socioeconomic problems in Nigeria.

Entrepreneurship in developed nations was used to provide infrastructures such as electricity, railways, airports, hospitals among others. Steel plants, petroleum refineries, automobiles, aircraft and hi-tech companies came to existence as a result of exploits in innovative and capital entrepreneurships.

Nigeria's kind of entrepreneurship being preached to our youth cannot be used to solve any kind of socio-economic problem such as lack of power supply, good roads, portable water, railway and so on. It is so obvious that the entrepreneurship we practice in Nigeria is absolutely handicapped. It lacks both solution and growth factor, however, it is a poverty multiplying one.

Nigeria's kind of entrepreneurship lacks the capability to provide substantial job opportunities needed by the youth. The traditional entrepreneurship we practice provide jobs in retailing, unskilled or semi-skilled jobs, exportation of raw materials and importation of finished goods. Developed nations have massive jobs in information technology, aerospace, space technology, healthcare power, sports, tourism, oil and gas, which are products of innovative and capital entrepreneurship. It is certain that the number of unemployed people in Nigeria will continue to increase if there is no change to our entrepreneurship approach.


Taking a look at the genesis of institutionalisation of entrepreneurship in Nigeria, which can be traced to 1986 when the Government established the National Directorate of employment, NDE, to provide skills for youth in order to make them employable. It was this same time that several industries began to fold up, banks began to liquidate, the quality of education began to experience sharp decline and government's investment in infrastructural development began to recede. It is so obvious that the government at that time lacked job creation skills.

Over thirty years down the lane, one should ask, how much jobs has NDE provided? Would we have the need of NDE if we had abundant industries and functional education that produces job creating graduates? What a pity to see that the major mantra of the government to the youth is traditional entrepreneurship. If Nigeria's kind of cake baking, hair dressing and dough-nut entrepreneurship had failed in the past, how would it help create factories and solve our unemployment problem? I see no reason why we should magnify the failures of entrepreneurship in the name of self employment.

Innovative entrepreneurship of Mr Innocent Chuckwuma of Innoson Vehicle Manufacturing and Mr Adetokunbo Ogundeyin of Proforce Limited -manufacturer of armoured vehicles- are undeniable examples. They built technological empires without government's help, yet, the sky is not even their limit, but their starting points. Imagine if we can replicate this achievements in electricity generation, petroleum refining, road/railway construction, metals and material production.

Nigeria is facing serious budget finance crisis because the revenue earned from petroleum is no longer sufficient to fund the budget. Massive funds is being ploughed into traditional entrepreneurship that provides very little tax, thereby plunging the nation massive borrowing. However, products and services of innovative ventures in developed nations have become huge sources of revenue to their respective nations. Therefore Nigeria should to invest in entrepreneurship that will generate abundant revenue to fund subsequent budgets.

Nigeria has more than thirty percent of an estimated population of 200 million people involved in agriculture, yet malnutrition is ravaging our land. The major problem of insufficient food production is the primitive farming using cutlass and hoe -a form of traditional entrepreneurship. So unfortunate that insurgency in North-Eastern Nigeria and the nationwide herdsmen killings hsd highly contributed to reduced crop production.

On the other hand, some nations have lesser than two percent of their population in agriculture, yet they meet local demand and export. They make use of innovative entrepreneurship both on the farm and in the lab/workshops. They don't depend on normads to provide beef for them. Here in Nigeria, graduates of agriculture do not practice farming professionally, yet it is the unequipped graduates of other courses, that are persuaded into agriculture as a result of unemployment.

It is good to have several capital entrepreneurs like Aliko Dangote, who has built several industries in Nigeria and across Africa. His latest investment in the 650,000 bpd of crude oil refinery and petrochemical complex which is expected to help tackle the availability of petroleum products is highly laudable. However, he didn't become an overnight investor, his success story began in 1977 with the 500,000 naira loan -when 1$ = 0.65k - given to him by his uncle, Alhaji Dantata. The major problem of capital entrepreneurship is how to get massive loans for industrial development.

Finally, a paradigm shift is still the solution to our challenges.




1 Like

Crime / Re: African Maids In Kuwait Cry, Beg To Be Deported(pics/video) by vheckthor1: 11:02am On May 11, 2019
Yodexy:


I support you from my head to toe.


I am not totally sure it will work, I currently hold a leadership position among youth Copers in the state where I serve. Nigerian youths can be very deceitful and uncompromising, even when it's in their best interest.

I'll look out for any social media awareness you make, and try to assist as much as I can, even financially. God help us

#OurMumuDonDo

We can chat on whatsapp 0.7039466998
Crime / Re: African Maids In Kuwait Cry, Beg To Be Deported(pics/video) by vheckthor1: 2:56am On May 10, 2019
chiedozie198100:


we can start something.

i mean u n i.

we can brainstorm.

maybe set up a page or website to drum up awareness and how to go about the protest.

i'm game if u r interested.
I am very much interested, I will send you a PM
Agriculture / Re: The 2nd Most Prolific Animals!!! by vheckthor1: 2:29am On May 10, 2019
Add me to the whatsapp group, 07039466998

1 Like

Politics / Re: Aregbesola Mocks PDP With A Song After Today's Appeal Court Verdict In Osun by vheckthor1: 11:48pm On May 09, 2019
Guys am thinking of something today, what if we the youth of Nigeria have a massive peaceful protest on October 1, we can use the time between now and October 1 to create awareness. We need to speakout massively, let this spoilers know that we have a voice. If we can unite we will be free, I believe if we put behind our differences and ethical/religious bigotry that decides us and we unite with one voice to protest against the insanity in our country that could be a starting step to the walk of making Nigeria great.
I so much love this country and Her present condition breaks my heart. cry cry

3 Likes

Crime / Re: African Maids In Kuwait Cry, Beg To Be Deported(pics/video) by vheckthor1: 11:24pm On May 09, 2019
rawitools:
my brother have you not for once think that there is something this politicians blow into the air that make everybody not to think In this direction?
I wonder o, we really need this peaceful protest o
Crime / Re: African Maids In Kuwait Cry, Beg To Be Deported(pics/video) by vheckthor1: 11:07pm On May 09, 2019
Guys am thinking of something today, what if we the youth of Nigeria have a massive peaceful protest on October 1, we can use the time between now and October 1 to create awareness. We need to speakout massively, let this spoilers know that we have a voice. If we can unite we will be free, I believe if we put behind our differences and ethical/religious bigotry that decides us and we unite with one voice to protest against the insanity in our country that could be a starting step to the walk of making Nigeria great.
I so much love this country and Her present condition breaks my heart. cry cry

150 Likes 17 Shares

Politics / Re: Ensure Nigerians Sleep With Their Eyes Closed, Buhari Tasks Service Chiefs by vheckthor1: 10:39pm On May 09, 2019
Guys am thinking of something today, what if we the youth of Nigeria have a massive peaceful protest on October 1, we can use the time between now and October 1 to create awareness. We need to speakout massively, let this spoilers know that we have a voice. If we can unite we will be free, I believe if we put behind our differences and ethical/religious bigotry that decides us and we unite with one voice to protest against the insanity in our country that could be a starting step to the walk of making Nigeria great.
I so much love this country and Her present condition breaks my heart. cry cry
Politics / Re: Youth Peace Protest A Change On October 1 by vheckthor1: 10:37pm On May 09, 2019
LuckyM:


Protest is an outlawed practice in Nigeria, once embarked upon, blood stains if not death is always the outcome
Peaceful protest brother.... cry
Politics / Re: Youth Peace Protest A Change On October 1 by vheckthor1: 10:36pm On May 09, 2019
phelonrays:
SECONDED

but promise you won't be another Charlie boy....
I don't want anything, I just want a nation I can be proud of, a nation where I can raise my kids in peace, a nationew where people can come to enjoy without fear. I want a great nation, I don't want to be a president or political influence, I just want a Nation where we can be proud of.

1 Like

Politics / Re: Obafemi Awolowo: 31 Years After His Death by vheckthor1: 10:32pm On May 09, 2019
Guys am thinking of something today, what if we the youth of Nigeria have a massive peaceful protest on October 1, we can use the time between now and October 1 to create awareness. We need to speakout massively, let this spoilers know that we have a voice. If we can unite we will be free, I believe if we put behind our differences and ethical/religious bigotry that decides us and we unite with one voice to protest against the insanity in our country that could be a starting step to the walk of making Nigeria great.
I so much love this country and Her present condition breaks my heart. cry cry

1 Like

Politics / Re: Emir Sanusi Jets Out Of The Country As Ganduje Orders Probe Of His Kingdom by vheckthor1: 10:30pm On May 09, 2019
Guys am thinking of something today, what if we the youth of Nigeria have a massive peaceful protest on October 1, we can use the time between now and October 1 to create awareness. We need to speakout massively, let this spoilers know that we have a voice. If we can unite we will be free, I believe if we put behind our differences and ethical/religious bigotry that decides us and we unite with one voice to protest against the insanity in our country that could be a starting step to the walk of making Nigeria great.
I so much love this country and Her present condition breaks my heart. cry cry

53 Likes 2 Shares

Politics / Re: Nairaland Says No To Secessionists by vheckthor1: 10:29pm On May 09, 2019
Guys am thinking of something today, what if we the youth of Nigeria have a massive peaceful protest on October 1, we can use the time between now and October 1 to create awareness. We need to speakout massively, let this spoilers know that we have a voice. If we can unite we will be free, I believe if we put behind our differences and ethical/religious bigotry that decides us and we unite with one voice to protest against the insanity in our country that could be a starting step to the walk of making Nigeria great.
I so much love this country and Her present condition breaks my heart. cry cry
Politics / Re: Why Is There A Depressing News From Nigeria Everyday by vheckthor1: 10:28pm On May 09, 2019
Guys am thinking of something today, what if we the youth of Nigeria have a massive peaceful protest on October 1, we can use the time between now and October 1 to create awareness. We need to speakout massively, let this spoilers know that we have a voice. If we can unite we will be free, I believe if we put behind our differences and ethical/religious bigotry that decides us and we unite with one voice to protest against the insanity in our country that could be a starting step to the walk of making Nigeria great.
I so much love this country and Her present condition breaks my heart. cry cry

3 Likes

Politics / Youth Peace Protest A Change On October 1 by vheckthor1: 10:22pm On May 09, 2019
Guys am thinking of something today, what if we the youth of Nigeria have a massive peaceful protest on October 1, we can use the time between now and October 1 to create awareness. We need to speakout massively, let this spoilers know that we have a voice. If we can unite we will be free, I believe if we put behind our differences and ethical/religious bigotry that decides us and we unite with one voice to protest against the insanity in our country that could be a starting step to the walk of making Nigeria great.
I so much love this country and Her present condition breaks my heart. cry cry
Crime / Re: Mob Beats 2 Phone Snatchers To Pulp In Bayelsa (Graphic Photos) by vheckthor1: 10:12pm On May 09, 2019
brodalikeme:


Chairman, if you dey Bayelsa, you wont call this jungle justice or suggest they are handed over to the police. The town is very very unsafe. It is abnormal not to hear 10 cases of robbery a day. Everyone is feed up and scared. Bad boys will be patrolling with weapons as if the is not law in the land.
I came to work around the Federal Medical Center, bringing robbery victims to the hospital for treatment is as common as passengers coming to the motor park. E no good, anybody can be affected
That is true o, I served in bayelsa also, was living around Arietallin area around the stadium area, I was robbed at broad day light (2pm or so) on my way to the market, #15,000 and my Samsung s5 containing important documents and my Passing out Parade pictures. I vexed and left the state the same week. cry
Jobs/Vacancies / Re: Part Time/Fu Sonographer, Medical Lab. Technician, And Marketers Urgently Needed by vheckthor1: 1:47pm On May 07, 2019
What is needed for the application
Nairaland / General / Re: Wecyclers Wins €200,000 Prize In Waste Management by vheckthor1: 10:59am On May 02, 2019
Please I need a loan to start up my farm in my little way, I am a graduate and just concluded NYSC this march, I already bought a piece of land from the little I could gather during my NYSC days but currently their is no job to gather capital and planting season is here, I promise to repay you and provide any details necessary to be sure of my identity and also if you want a written agreement, I am willing to do that also.
Politics / Re: Seyi Makinde: I Cannot Pay 30,000 New Minimum Wage by vheckthor1: 9:48pm On May 01, 2019
No one even considered that this can even be a lie by some hungry bloggers, the news claim the intereview was with tribune but the link to the news is this blog =https://www.everyvibes.com.ng/2019/05/i-cannot-pay-30000-new-minimum-wage-seyi-makinde.html
Let us check the truth before jumping to conclusion
Sports / Re: Nigeria Defeats France 8-3 To Win First Ever World Curling Championship(pics) by vheckthor1: 10:58am On Apr 26, 2019
manomam:
am broke. I have an airtel modem. rearely used. if interested, please call me on 08174856443
Is it unlocked?
Jobs/Vacancies / Re: Polaris Bank Graduate Trainee Recruitment 2019 by vheckthor1: 9:15pm On Apr 20, 2019
churchee:


Send mail to this

vchidiebere.vc@gmail.com
mail sent already
Jobs/Vacancies / Re: Polaris Bank Graduate Trainee Recruitment 2019 by vheckthor1: 10:55am On Apr 20, 2019
Anyone with psst questions please
Crime / Re: Police Officer Handcuffs And Tear Gas His Daughter's Classmate And Friend by vheckthor1: 10:40pm On Apr 18, 2019
Child Abuse

1 Like

Nairaland / General / Re: If You Ever Did This It Means life dealt you a bad hand. by vheckthor1: 9:56am On Mar 17, 2019
If anyone can help me here, either a job or a sun of money to start up my intended agro business, I just passed out of NYSC this last set on March 14.
Nairaland / General / Re: If You Ever Did This It Means life dealt you a bad hand. by vheckthor1: 8:52pm On Mar 16, 2019
Abcruz:


Have you read the account of Job?
Did you comprehend the end of his matter?

Who among you fears the LORD and obeys his servant? If you are walking in darkness, without a ray of light, trust in the LORD and rely on your God.--Isaiah 50:10

And after you have suffered for a little while, the God of all grace, who has called you to His eternal glory in Christ, will Himself restore you, secure you, strengthen you, and establish you.--1 peter 5:10

For I consider that the sufferings of this present time are not worth comparing with the glory that is to be revealed to us.--Romans 8:18

Do not give up on God because your being alive today is a tangible evidence that HE still loves you.



You are truly God sent, facing a depression and really lonely but those bible verses (especially Isaiah 50 vs 10) restore my hope.

3 Likes

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