TO INDUSTRIALIZE OR TO ENTREPRENEURIALIZE

"Industrialization will help reduce unemployment but definitely not poverty"
While listening to a discussion by some people at a barbing salon, i heard them argue about the inability of the government to build factories everywhere in the Nigeria and also the inability of the government to attract foreign companies into the country to build factories that will lead to massive employment of the people. Some of them claim that through factories, the rate of unemployment among the youths in particular will reduce thereby reducing the crime rate in the country. As i was listening to their discussions and suggestions, i began to think in my mind "is industrialization really the key to poverty and unemployment in Africa?" I have always had this mentality that despite the fact that industrialization is one great way of reducing unemployment, entrepreneurship is the best way out of poverty.
Apart from the benefits of industrialization, i see industrialization as a form of modern slavery. I see it as an avenue which the so called "world powers" uses to exploit the so called "underdeveloped or developing" countries. Most of these foreign owned companies makes use of the resources of these third world countries to produce different products and end up exporting these products to their own countries to better the lives of their people. Industrialization is more beneficial to able bodied men and women unlike entrepreneurship where even a physically challenged can become a successful entrepreneur.
Some years ago, my younger siblings decided to work and earn money for themselves. They ended up working in a factory where they would leave home by 7am and close from work by 7pm. As if that was not enough, they stopped working before the end of the month because the factory work was so tedious that one of them got injured in his fingers that nearly disfigured him.
In my point of view, industrialization will help reduce unemployment but definitely not poverty. This doesn't mean that entrepreneurs do not establish factories, it simply means that entrepreneurs make more use of their minds unlike industrialization that requires the physical strength. Africans need to develop more of the mind abilities and less on the physical strength. With this, more millionaires and billionaires will be made unlike industrialization where one man will own a very large factory and employ thousands of workers that might never be rich if they continue as employees.
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John Uwangue is arguably Africa's fastest rising and highly sought after Motivational speaker, author, blogger and entrepreneur. He is the Founder/host of Entrepreneurs Factory ® Radio Broadcast that airs in six states in Nigeria and more states still coming.
For speaking engagements/enquiries please call +234 -703 -7389862
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