Connect with us

News

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

Published

on

362 Views

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

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Curfew, restriction for Akran of Badagry’s burial rites

Residents said the rites would affect social and commercial activities around the palace and may force many residents especially those working outside Badagry to return home early.

Published

on

By

3 Views

Following the death of the 89-year-old monarch, De Wheno Aholu Menu-Toyi I, the Akran of Badagry., restrictions have been imposed on vehicular movements around the palace vicinity with some sections of the road leading to the place barricaded.

Commuters were said to be directed to take alternative routes.

Sources said the traditional worshippers have started observing rites necessitated by the demise of the monarch.

Security and palace officials were seen restricting movement in the immediate vicinity.

Residents said the rites would affect social and commercial activities around the palace and may force many residents especially those working outside Badagry to return home early.

Continue Reading

News

Akran of Badagry is dead, aged 89

The demise of the monarch marks the end of his 48-year reign on the throne, making him one of the longest-serving traditional rulers in Lagos State.

Published

on

By

10 Views

Photo: Akran of Badagry, De Wheno Aholu Menu-Toyi

The traditional ruler of the Badagry local government area in Lagos State, the Akran of Badagry, De Wheno Aholu Menu-Toyi, is dead, aged 89.

The demise of the monarch marks the end of his 48-year reign on the throne, making him one of the longest-serving traditional rulers in Lagos State.

According to the palace, the Akran was pronounced dead by medical experts, after a brief illness, and the traditional rites for his burial have gradually commenced.

Residents of Badagry, who are currently mourning the loss of their revered monarch, described his death as a heavy blow, noting that the town has lost not just a king but a father figure whose wisdom, counsel and presence brought reassurance in moments of uncertainty.

Continue Reading

News

Osun sues UBA, officials to court over illegal LG accounts

They were specifically accused of allowing the opening, operation and maintenance of accounts for each of the local government councils “by unknown private individuals as signatories…

Published

on

By

25 Views

• Map of Osun State

The Osun State Government has instituted a criminal case against United Bank for Africa Plc (UBA) and four of its top officials over alleged illegal opening of local government accounts.

Tribune newspaper reported that the Chief Magistrate Court, sitting in Osogbo, Osun State, has fixed January 30 for the hearing of the case, marked Charge No: MOS/601c/2025.

The defendants in the suit are: the UBA Plc, its Group Managing Director, Mr Oliver Alawuba, the Company Secretary and Group Legal Adviser, Mr Billy Odum and the Deputy Managing Director, Mr Chukwuma Nweke.

In the charge sheet, the government filed the 31-count charge against the bank and its officials, with each count relating to alleged infractions involving opening of bank accounts for the state’s 30 local government councils.

In count one, the prosecution alleged that the defendants, on or about December 9, 2025, and on subsequent days, at UBA’S Osun State branch office located in the Olonkoro area of Osogbo, conspired to commit a felony by opening, operating and maintaining what it described as illegal Osun State Local Government Council accounts.

The alleged offence, the charge stated, occurred within the Osogbo Magisterial District and is said to be contrary to and punishable under Section 516 of the Criminal Code, Cap 34, Volume 2, Laws of Osun State of Nigeria, 2002.

They were specifically accused of allowing the opening, operation and maintenance of accounts for each of the local government councils “by unknown private individuals as signatories” after the Local Government Service Commission had introduced to the defendants, Directors of Administration and General Services and Directors of Finance of all the local governments as signatories to the councils’ statutory accounts “and thereby committed an offence contrary to Sections 2 and 3 (1) and (2), and punishable under Section 5(1) and (2) of Osun State Local Government Accounts Administration Law, 2025.”

Continue Reading

Trending