IGBO MODEL OF APPRENTICESHIP AND ENTREPRENEURSHIP DEVELOPMENT IN LAGOS STATE, NIGERIA

Abstract

Entrepreneurship development has assisted in shaping the economy of advanced countries which should be a model for developing countries of the world. The Igbo Model of Apprenticeship (IMA) is an indigenous business
model practiced by Igbos in the Eastern part of Nigeria and adjudged to be the most enduring and biggest business model globally. Notable and successful Igbo entrepreneurs are emerging through IMA despite the volatility of
Nigeria’s business environment. Hence, this suggests that there must be some underlying principles that motivate the success of Igbo entrepreneurs in business which therefore occasion a pragmatic study of this nature. This study
examined the effect of the Igbo model of Apprenticeship system on emerging entrepreneurs in Lagos State, Nigeria. The research design adopted was a survey with a population of 11,643 and reduced to a sample size of 372
respondents using the Raosoft sample size calculator. The questionnaire was employed as a data collection instrument from the respondents. Cronbach Alpha was deployed in testing for instrument reliability with 0.8%. Collated primary data was analyzed using Pearson correlation. The study discovered that mentoring has a significant effect on the Igbo apprentice system and that the Igbo apprentice system will considerably reduce the pangs of
unemployment if given attention in Lagos State, Nigeria. It is thus recommended that there should be youths’ exposure to mentoring in business and that a solution to reducing unemployment is the broad acceptance of Igbo’s
system of Apprenticeship as it has a practical orientation rather than theoretical.

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