CONCEPT OF TRADE
The topic will look at the concept of trade,economic self reliance ,Nigeria indigenous market system.
It will also discuss the apprenticeship system and skills acquisition in the Country.
3. Indigenous Apprenticeship System Among Nigerian People
Meaning of Indigenous Apprenticeship System
The indigenous apprenticeship system refers to the traditional method of transferring skills, business knowledge, and trade expertise from master traders or craftsmen to apprentices. It is a long-established system in Nigeria that fosters economic self-reliance.Some of the features of Indigenous Apprenticeship System in Nigeria include
• Non-formal training conducted by experienced masters.
• Long-term mentorship and skill acquisition (can last for several years).
• Moral and ethical training included in business practices.
• Master-apprentice agreement – sometimes based on family ties or community trust.
• Reward system – Apprentices receive startup capital or settlement after training.
Examples of Indigenous Apprenticeship in Nigeria
1. Igbo Apprenticeship System (IAS) – Known as Igba-Boi, this system involves young boys being trained in business by successful traders for several years before being supported to start their own businesses.
2. Yoruba Craft Apprenticeship –Common among blacksmiths, leatherworkers, and textile makers.
3. Hausa Artisanship System – Found in leatherwork, dyeing, and farming sectors.
Role of Apprenticeship in Economic Self-Reliance
• Equips individuals with lifelong skills for economic independence.
• Reduces unemployment by fostering entrepreneurship.
• Promotes wealth creation and capital formation.
• Enhances business sustainability and continuity.