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Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K - Business (3) - Nairaland

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Wema Bank Signs $50 Million Credit Facility With ECOWAS Bank / Uproar As Anambra Man Settles His Apprentice With N100k After 9 Years (Video) / Oceanic/ecobank Bank Shares Worth N500k In 2005 Is Now Worth N11,530.45. (2) (3) (4)

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Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Starzdavid247(m): 11:44am On Jan 05, 2021
Which the current rate of dollar in Nigeria stock exchange, one million is useless. I hope he make good use of the money. Just love the Igbo culture of apprenticeship.
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by oneTIMEman(m): 11:44am On Jan 05, 2021
A good master deserve a good prayer...oyes

1 Like

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by janykute: 11:44am On Jan 05, 2021
The vote of thanks from the boy that was settled shows he’s full of wisdom.May almighty God grant him his heart desires in Jesus name Amen.
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by FuckThaMod: 11:44am On Jan 05, 2021
PicLtd:
Na so we do am.

For my family na stocked shop plus 2 million we dey take settle Nwa boy. He can still live with us till he settles down and gets his own accomodation. A family that has trained and set up over 108 Igbo boys since 1970 till date, many from families we don't even know, from as far as Enugu, Abia and Ebonyi.

For onitsha, some heavy men settle their boys with warehouses and 4 storey/decking building.

The Secret of Igbo success.
And those 108 boys will go ahead and settle other boys in the future.

7 Likes 1 Share

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Akuruoulo(m): 11:44am On Jan 05, 2021
starbuck:
Very commendable

Meanwhile I know of people who does more than what he did to their apprentices who served them without making noise
lie lie girl. U dnt knw any of them
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Akuruoulo(m): 11:46am On Jan 05, 2021
generationz:
angry
Davidos senior in clout chasing.
IS HE THE ONE THAT BROUGHT IT ONLINE ?
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by dahmie2013: 11:47am On Jan 05, 2021
Congratulations. God bless him.
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by PROUDIGBO(m): 11:47am On Jan 05, 2021
OYENIYIJK:
This is good. wink
Many Igbo traders I know are good and legit people, but the media only carry bad news of those that are into drugs...

Anyways, check my signature wink

It's nairaland, not the entire media!

1 Like

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Akuruoulo(m): 11:48am On Jan 05, 2021
generationz:
angry

Davidos senior in clout chasing.
davido will always be the number1 here. He gat no senior in clout chasing
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by arantess: 11:49am On Jan 05, 2021
southniyikaye:
What more can the young man ask for?
1m
500k
Free accommodation till he is able to stand on his own.. Believe me, this is no clout chasing, the boy would have been a good and accountable apprentice.
Cos before igbo man go do you this kin good, nwane, you must have performed beyond expectation..
Igbo sha...
This culture is what makes them business oriented...
You no fit dey learn something from small make you no come Sabi am well..
The boy must have been accountable unlike some crooks that has been milking this country dry, they now turn covid to a money making scheme giving us diff figures and scores.
They try to undo themselves in both
Lying competition
Stealing competition
Looting competition
Hoarding competition.

They make me realize there is a clear diff btw stealing and looting..
but u guys said igbo dont love themselves
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by EjaikreTheViper(f): 11:50am On Jan 05, 2021
In my community Iragbiji in osun state, we can never do this

1 Like

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Nobody: 11:51am On Jan 05, 2021
arantess:

but u guys said igbo dont love themselves
which guys?
Point me to where I said so
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Reelmii: 11:53am On Jan 05, 2021
Etinosa1234:
By next week, he'll move to Lagos because that's where the market is

In 5 years he'll be successful...

Because he already has the foundation and a startup capital...

In Some places, na freedom party dem go do for u... Na u go hustle for ur self
and na the apprentice go still spend money for the freedom party

2 Likes

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Reelmii: 11:54am On Jan 05, 2021
Beverlyjean:
Y is this on front page??
so u dont like success abi
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by cococandy(f): 11:58am On Jan 05, 2021
Must be different where you are from.

Let’s not argue
Tripitaka:


The emboldened isn't necessarily true even though it may appear logical. Under the "nwaboy" system, the boss is under no obligation to "settle" the apprentice; it is simply discretionary.

The understanding is that whilst the boss benefits f6om the boy's stewardship, the boy also benefits from the boss' tutelage while having free food and acomodation. This is why it is mostly the families of a proposed "nwaboy" seeking a good oga for their son to serve under and never the other way round

In some cases, at the end of the stewardship, the boss will say he has no money to give, but may support the boy with contact for suppliers, or simply just pray for him and that's it. Mind you, under this system, there is never any express written agreement. Both parties juat have an understanding and that's it. Which is why you see some boys serving for 8-10yrs even though the initial understanding was around 5yrs.

2 Likes

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by erico2k2(m): 11:58am On Jan 05, 2021
ashacot:
Ọnye fee eze...
Young man from Enugu state gets settled to the tune of N1,000,000 + credit facilities worth N500,000 after duly completing his apprenticeship with his Boss from Ekwulobia, Anambra state. The business owner also offered to accommodate his ex Apprentice until he is able to get his own accommodation
They're not even related..


https://www.youtube.com/watch?v=2f01YayemqI
Every time Im always telling my friends and folks about this tradition the Igbo people have, I really hope they keep it 4 ever cos of for anything its one sure good thing these guys got going. Well done to the BOSS
PS B4 anybody throw stone, Im far from being an Igbo man!

2 Likes

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Kzinne: 11:58am On Jan 05, 2021
DAramis:
Culture is part of people's living and experience. May the young man go and prosper. Above all, to leave women (especially slay Queen) and focus on his trade.

Once he successfully increased his business, he can then look for a pretty young woman to woo and date.
stupid. Cos the young man wasn't earning a salary for years and you say you settling him. Who is fooling who?
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by iko123: 12:01pm On Jan 05, 2021
Igbos apprenticeship system has produced more millionaires than havard business school.

4 Likes

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by deedo93(m): 12:01pm On Jan 05, 2021
The boy must have really earned that money oo. I remember my sister's landlord that had boys who were serving him. Omo those boys dey work! No pay for seven years before he settles each of them. The only thing he gave was accommodation and feeding twice a day through out the seven years. One particular one after working for five years decided one a very good day to order 3 meat with his breakfast in the shop. Oga sent him packing ooo. Without any compensation because of 150 naira meat.

1 Like

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Nobody: 12:05pm On Jan 05, 2021
cococandy:
He didn’t do the boy a favor. The young man earned it. Ask him how many years he “served”.

That said, some ogas are terrible and won’t do as much

A maid serves and gets paid. The maid is never trained. That is the one that "earned it".

The boy on the other hand was favoured with the following:

1. Raised with business acumen

2. Trained for a specific trade (which would guarantee his success)

3. Empowered financially to commence his own journey on the same trade (best of all)

If he "earned" at all, that would be based on him passing the tests of trustworthiness, loyalty and accountability before his Boss.

In all, kudos to his Boss and best wishes to the boy.

3 Likes 2 Shares

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Jasmine360(f): 12:06pm On Jan 05, 2021
This is very commendable. Igbos have the best business empowerment structure.

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Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Emrixx(f): 12:10pm On Jan 05, 2021
Abeg make una check how many years the young man serve oga it's nothing less than 5 years
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by richmanrichard: 12:11pm On Jan 05, 2021
wow! good news! n funny enof, this is my villa and i happen to know that guy.Ekwulobia kwenu! ebehteteh kwezuonu! Anambra rocks!
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by WINNERMENTALITY: 12:14pm On Jan 05, 2021
hh

4 Likes

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by shizzle1: 12:19pm On Jan 05, 2021
Logan23:


But idiotic fools will tell u that igbos are not United and that igbos hate themselves
You mean that tribe that their ancestor fell down from the sky and broke his neck?

2 Likes 1 Share

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Etinosa1234: 12:20pm On Jan 05, 2021
NgwalandAba:


Which yeye Lagos,do that noisy City even have the biggest market in Nigeria.. Lagos is one yeye noisy City.

I don't know for u oo..But I think it has a big market given his population...

But the traffic , stress and lots more can put someone into depression
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Nobody: 12:20pm On Jan 05, 2021
..... and Later that FOOLISH CHIMAMANDA ADICHIE will say the Igbos lack togetherness.
She's sick in the head.
She now has mouth diarrhea because she wrote poems and tales by the moonlight

What did she study that others haven't read.
She studied a mere handout in the university compared to what I studied in the University.
I bet she wouldn't survive 1 year of the course I studied in the tertiary institution.

How I wish I can challenge her to a public debate on mental intelligence and cerebral dominance ?.
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by staga: 12:21pm On Jan 05, 2021
Starzdavid247:
Which the current rate of dollar in Nigeria stock exchange, one million is useless. I hope he make good use of the money. Just love the Igbo culture of apprenticeship.

The blessing the man placed on him before handing him the cheque is the main thing. Ask any Igbo trader. If the oga does not bless an apprentice before handing him any money, that money will disappear.

5 Likes

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Masterclass32: 12:21pm On Jan 05, 2021
Where are the "Igbos don't love themselves" crew.
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by LadySarah: 12:22pm On Jan 05, 2021
this is the lowest amount I've heard in a long while. Was it 3 yrs apprenticeship?

1 Like

Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by SavageResponse(m): 12:22pm On Jan 05, 2021
englishmart:
The company I work for is worth billions in dollars, but the workers are usually broke and underpaid.

Indeed a good boss is always better than a good company.

You are paid according to the skill and value you bring to the negotiation table!
Re: Business Owner Settles Apprentice With N1M Plus Credit Facility Worth N500K by Asour: 12:24pm On Jan 05, 2021
Alphasoar:
We have advocated that this apprentice system be adopted or if not encouraged by the government. This is a system that is capable of generating employment in the long run where entrepreneurs are adopted in time, schooled purposefully and made to stand on their own while as well making millionaires in the process.

Ya gazieeee...

A very nice practice they have. Probably the best apprenticeship system in Nigeria.

BUT it is limited.

In Macroeconomics Value added is what's important.
This system lends itself mainly to TRADE (buying/selling) based skills.

The apprenticeship systems that yields more value is a SKILLED + Trade based system. Kind of the type obtainable in GERMANY. Where a Youth is groomed in a choosen skill for 5+ years and grows to be an expert.

We can start from somewhere though.
And this is good.

3 Likes

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