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What Our Schools Don’t Teach Our Students, By Emeka Monye

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In his 2009 book, “What America Really Want, Dr. Frank Luntz, a respected pollster who measures the heartbeat of America, asked these survey questions: “If you had to choose, would you prefer to be a business owner or CEO of a fortune 500 company?”

His question was a closed ended one, bearing in mind he wanted a direct and simplistic answer.

The response he received from his residents is as diverse and clear as one would expect.

Out of all his respondents, eighty percent of them said they would want to be owner of business that employs 100 or more people, while fourteen percent said they would want to be Chief Executive Officer of a fortune 500 company that employs more than 10,000 people and the rest six percent not giving a clear answer to his research question.

His response re-echoes the desires of the average human, working to be their own boss, living the life of the dreams and having to live the life of freedom, yet such desires of owning one’s business remains elusive for an average student because our school systems only teach and train the students to be employees. This is part of the problem.

The school system does not train the student to create jobs, to build capacity to set up industries for students and when you don’t have this kind of culture, where the school system prepared the student to be job creators, then you just know that with time, the job seekers will find no job.

Our school system, apart from the skills they teach, the system doesn’t teach the student capacity, competence, street smart, exposure and many of those contending factors that set apart entrepreneurs from employees.

According to Robert Kiyosaki, author of the famous book, “Rich Dad, Poor Dad, There is a tremendous difference between the skill sets of an employee and an employer.

The skills of an employer are not taught in schools.

Kiyosaki submits that both skills differ because while the employee is deep in neck reading hard to pass exams and make good grades and potential unemployment, the employer is building capacity, street wisdom, exposure to understand the vagaries of business success.

While the school system focuses more on theoretical framework, it really doesn’t teach the student practical, at best what the school system teaches the student is ability to memorize concepts.

This procedure doesn’t really prepare the student for the real world of Entrepreneurship.

The world of entrepreneurship is practical, brut, adventurous, smart, continuous learning, discerning, intuitive, intelligent, wise, and above all, a combination of classroom knowledge and real life experience and exposures.

Dr. Luntz also in his book, ” What America Really Wants”, asserts that the lack of financial education is the main reason why many people will remain employees.

Many people dream of becoming entrepreneurs yet a few people will take a leap of faith to actualise such dreams.

This is what the school system does teach one – financial education.

Financial education and the transformation it delivers are essential for entrepreneurs because it teaches some fundamental principles of creating wealth and takes one from being a consumer to advancing to becoming a saver and ultimately attaining the height of an investor.

While these three cardinal factors are keys to remain poor and building wealth – consumption, savings and investments, the school systems really don’t teach the students about this.

One only gets to learn about this after leaving the school system.

This is part of the problem – lack of financial education.

One of the challenges in the contemporary school system is that it trains students to be A student in academics, to be B students in government establishments, and therefore leaving the very few C students, the very street smart, practical ones, to follow the entrepreneur path.

That doesn’t mean the school system is not good, it is of course, but in reality, its limitations to the classroom doesn’t reveal certain fundamentals about financial intelligence, the real life after classroom and how one can navigate all these vagaries and make the student achieve real financial intelligence and success is what the school system doesn’t teach you.

Emeka Monye Is A Journalist And Works With ARISE NEWS

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NMDPRA, EFCC Storm Illegal Chinese Refinery in Ogun (Video)

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and operatives of the Economic and Financial Crimes Commission (EFCC) on Tuesday stormed an illegal Chinese-operated refinery in Ogere-Remo, Ikenne Local Government Area of Ogun State.

The joint operation followed intelligence reports that revealed a well-fenced but crude yet technically sophisticated facility occupying more than three hectares of land.

During the inspection, officials observed underground tanks believed to have been used for heating and processing sludge oil, refining waste products, and substances suspected to be Automotive Gas Oil (AGO), popularly known as diesel. NMDPRA officials immediately sealed the facility.

Ogun State Coordinator of NMDPRA, Dr. Atilola Akinyemi, described the plant as a complete illegality operating without any permit from regulatory authorities.

“The underground storage facility behind the site has an estimated capacity of more than 90,000 litres, complete with underground heating systems, water hydrants for cooling, locally fabricated tanks and silos for separation,” Akinyemi told journalists.

He warned that if such adulterated products entered the market, they would pose serious risks to vehicles and engines. All recovered products have been confiscated by the Federal Government.

Director of the Department of Proceeds of Crime Management at the EFCC, Gbolahan Latona, stressed the need for collective patriotism in tackling economic crimes.

“Upon conclusion of investigation, the suspects will have their day in court and the proceeds of crime will be put to meaningful use,” Latona said.

Watch video below:

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Sanusi: Critics Are Not Enemies Of The Govt

” It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.

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The Emir of Kano, Alhaji Muhammadu Sanusi II, has advised the Federal Government against treating every comment about the administration as an attack on President Bola Tinubu.

The royal father gave the advise on the occasion of the Oxford Global Think Tank Leadership Conference, organised by the Oxford Global Think Tan.

Speaking virtually to the audience at the event, on Tuesday, Sanusi advised the government to tolerate constructive criticism.

“It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.

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Urbanisation: Lagos To Fall Behind Luanda as sub-Saharan Africa’s biggest city by 2050

The report titled ‘Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation’, also calculated that sub-Saharan Africa’s urban population will increase by 748 million between 2025 and 2050, reaching about 1.7 billion.

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A report conducted by the World Bank and the European Commission’s Joint Research Centre, has projected that Angola’s capital, Luanda,will overtake Lagos as sub-Saharan Africa’s most populous city by 2050, rising by 78 percent from 11.4 million to 20.3 million.

The report titled ‘Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation’, also calculated that sub-Saharan Africa’s urban population will increase by 748 million between 2025 and 2050, reaching about 1.7 billion.

The report estimated that Luanda’s population would increase from 11.4 million in 2025 to 20.3 million in 2050, adding 8.9 million residents over the period.

Lagos, the region’s most populous city in 2025 with an estimated 12.8 million residents, is projected to grow to 16.2 million by 2050, an increase of more than 25 percent.

Despite the growth, Lagos is expected to fall behind Luanda, whose population is projected to exceed that of Nigeria’s commercial hub by 4.1 million.

“Over this period, the population of Angola’s capital city, Luanda, is projected to increase by 78 percent from 11.4 million to 20.3 million.

In doing so, Luanda will overtake Lagos as SSA’s most populous city,” the report said.

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