If President Tinubu Wants To Turn Around The Nigerian Economy He Should Adopt The Igbo Apprenticeship Model- Reno Omorki Says, Gives Valid Reasons

If President Tinubu Wants To Turn Around The Nigerian Economy He Should Adopt The Igbo Apprenticeship Model- Reno Omorki Says, Gives Valid Reasons

Written By Oshiobugie Omo-ikirodah

Reno Omokri, a prominent commentator, has recently suggested that if President Tinubu wishes to revitalize the Nigerian economy, he should consider adopting the Igbo apprenticeship model. Omokri further provides compelling reasons to support his assertion. CONTINUE READING

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According to Omokri, the Igbo apprenticeship system has proven to be a highly successful economic model in the southeastern region of Nigeria. He emphasizes that by embracing this model, President Tinubu could unlock immense economic potential and drive sustainable growth for the nation in a short period of time.

Moreover, Omokri highlights the Igbo apprenticeship model’s focus on wealth creation and circulation within the local economy. This model encourages apprentices to start their businesses after their training, thereby promoting entrepreneurship and fostering a vibrant small and medium-sized enterprise (SME) sector. By adopting this approach, President Tinubu could facilitate the growth of a robust entrepreneurial ecosystem that drives job creation, encourages innovation, and strengthens the overall economy.

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In his words, he said;

“If President Tinubu wants to turn around the Nigerian economy in the shortest possible time, he ought to study the Igbo apprenticeship model. It is the most successful informal business model in the world, as well as the most prolific venture capitalist scheme on Earth, producing more US dollar millionaires per capita than both Harvard and Yale Universities. Igbo traders and merchants recreate wealth by taking on apprentices, almost as unpaid interns, who study their masters day to day business techniques and help them run their shops, markets and businesses. After a period of time, their masters are required to financially set them up in their own businesses and guide them until they can stand on their own two feet.”

“Imagine if this was in place in every state of Nigeria and practised by every ethnic group. Unemployment in Nigeria will almost vanish overnight. This is how South Korea became an economic superpower, using the chaebol business model, which is similar to the Igbo apprenticeship model. The President should get the representatives of leaders of Alaba, Onitsha, Aba, and other entrepreneurial hotspots to Aso Rock, for a conference on how they can help government expand their business model to reach other Nigerians.”

“Let all Nigerian ethnic nationalities learn this business model from our oriental brothers. Ask them to teach your economic and finance minister how they do it. In fact, pick one of them and make him the minister. A trader who knows how to create wealth will make a better minister than a PhD technocrat who only knows how to speak grammar! Our homegrown economic success will work better for us than borrowed money and ideas that may not fit our peculiar situation.”

Source: Bushradiogist