Tinubu Should Study Igbos Apprenticeship System If He Wants To Change Nigeria’s Economy – Reno Omokri

Former presidential aide, Reno Omokri has urged President Bola Tinubu to study the Igbo apprenticeship system if he wishes to turn the economy in the country around.

He opined that how Igbo people learn trades and reinvent themselves as capitalists should be analysed.

Omokri stated this via a Twitter post on Saturday.

According to him, the Igbos apprenticeship in the informal business sector can be used to tackle unemployment in the country.

He likened the Igbo apprenticeship model to the South Korean chaebol business model.

The chaebol structure refers to a business conglomerate system that originated in South Korea in the 1960s, creating global multinationals with huge international operations.

According to Omokri, “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.

“Our homegrown economic success will work better for us than borrowed money and ideas that may not fit our peculiar situation.”