Why Igbo apprenticeship is world's 'largest business incubator system'

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A Professor of Marketing at the Lagos Business School in Pan-Atlantic University, Lagos State, Ogechi Adeola, has explained why the Igbo apprenticeship is the largest business incubator system in the world.

Adeola, who is the Head of the Department Marketing, Operations and Information Systems at the LBS, while speaking at the 15th Inaugural Lecture of the institution titled,, monitored by The PUNCH on Friday, said Igbo apprentices are groomed at a very young age to be great businessmen and women.‘Indigenous African Enterprise’ and ‘Igba boi’′Igba-Odibo/Igba-Boi/Imu-Ahia/Imu-Oru′

is a framework of formal and informal indentured agreements between parties that ultimately facilitate burgeoning entrepreneurial communities within the Igbo people.Igba-boi also known as Igba Odibo ; Imu Oru also known as Imu Oruaka and Imu Ahia “All types are geared towards the transfer of knowledge or entrepreneurial skills but they differ in approach.

The professor cited an understudy done by an American journalist, Robert Neuwirth, in a 2017 TedTalk presentation that described the Igbo people’s ‘Igba Boi’ scheme as “the largest business incubator platform in the world”.

 

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