"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.
Be social, share
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
-70 11103445
SUCCEED YOU MUST
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.
Be social, share
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
-70 11103445
SUCCEED YOU MUST
