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YOU CANNOT LEARN TO MAKE MONEY IN THE CLASSROOM

YOU CANNOT LEARN TO MAKE MONEY IN THE CLASSROOM

 

Point 1:

What Nigerian schools will not teach you

School will certainly not teach you about money. School may teach you the definition of inflation but it won’t go further to explain and analyse to you the history of money and inflation. School will not teach you to know that saving money in a bank with the hope of earning a 2% interest on your money is wrong in an economy that runs on an 8% inflation rate, meaning that every day, you tend to lose about 6% value of your money, that your money loses purchasing power by the day. If you experienced the 80’s and 90’s you will agree with me that the value of N100, 000 in the 80’s is worth over N10, 000,000 (N10million) today. So, if someone had saved N100, 000 in let’s say 1980, it means his money would have lost over 100,000% value. So, accumulating money in the bank as savings hoping to make profit from the bank interest is a wrong route to riches and wealth creation, and the school system will not teach you that.

School system will not teach you that money is only paper with pictures and inscriptions backed by authority. That is why you cannot take the Ghanaian cedis for instance to buy a loaf of bread in Nigerian, you could only use the US, British pounds, or Euros. This is because these three other foreign currencies are backed by international authorities as a medium of exchange among nations. So you see, money itself is useless. School system will only teach you how to work towards getting A’s to get a first class or second class, to go look for jobs in government institutions or private institutions and then work for money. School will not teach you about the nature and the principles governing the flow of money in an economy.

School system will not teach you the difference between an asset and a liability. School system will not teach you the difference between good debt and bad debt. School will only teach you to stay out of debt. School will not teach you on the difference between money and currency. School system won’t teach you that your family house in the village with no tenants is not an asset. School will not teach you that an asset is something that produces cash or saves cash.

School system will not teach you how to manage people and inspire them to achieve a definite goal in a business venture. School system will not teach you to understand the economic system of Nigeria and the world at large.

 

Point 2:

First class at one thing, zeroth class at many things

We are all born into a world where we grow to learn how to crawl, and then we try to stand. After falling many times, suddenly, one day our bones get strong, our brain adjusts and we move to the next stage where we can stand without falling again. After many times of trying to walk and falling, we one day suddenly begin to walk. Next, after walking for many days, we try to run. We also fall many times before we start running. When next you look and see a four or five years old boy or girl running so fast, recall that he or she passed through these stages. Same for show of emotions, it all begins from giggling to something and laughing to talking, the baby from giggling to jabbering and then he begins to mimic sounds and then words. Soon he/she starts talking. The child moves on to learn many things in life that properly integrates him sociocultural into his society.

Unfortunately, while most or all children are sociocultural integrated, they are not properly socioeconomically and socio-politically integrated. This lack of proper socio-economical and socio-political integration begins from the very first day the child goes to school. At school, the child meets an entirely different system of learning that involves not making mistakes (falling) and learning to be strong. At first, the ‘’aunty’’ or ‘’uncle’’ (teacher) as they are popularly called will start programming the children that there is what is called pass and fail. He shows open affection to and rewards those children who are quick to remember and answer questions and treats those who are not that fast in getting explanations with little attention.

At that tender age, the mentality of inferiority and loss of confidence is created in those little and fragile brains. Their heads are lowered when they fail, this is because ‘’aunty’’ or uncle’’ said I failed. ‘’You failed’’, ‘’you failed!’’ every day, they keep hearing those two segregational phrases, ‘’you failed’’, ‘’you passed’’. Soon, those phrases begin to make strong meanings in their brains, strong meanings of ‘’inferior’’ and “superior’’. This get bad when they get into the primary and secondary levels. In many public and private schools in Nigeria, pupils who did not get the answer (who failed) are flogged with very long and strong canes. When an explanation is done on the board, questions are asked and students who did not answer them well are flogged. Even, I that write now was a victim of this practice. You see young minds so terrified with the fear of failing that they can’t even try, the fear of failure instilled upon them by the creativity supressing disposition from the whips carrying teachers shut most of them down. Many times, I saw red as a primary and secondary school student of this Nigerian process of education, likewise most other students. Sometimes you see marks of long canes on the bodies of many students, marks that came from not answering questions in the class, marks of what the teacher perceives as ‘’failure’’ the teachers fail to realise that each student has a different temperament, different code of DNA, different stroke of genius. Only those students with photographic memories become the teachers’ favourites in Nigerian schools. Take for instance, a child who is encoded with the potential to always imagine unconventional concepts and philosophies that is not of the classroom, things that inspire him most, where his greatest strength will lie, the teachers labels him ‘’absent minded’,’ sometimes students who did not get the questions right are ridiculed and called names such as ‘’Olodo’’, this name is popular in the South Western schools of Nigeria. In the South eastern part of the country, you hear names like, ‘’Iti;’’ other regions I believe also have what teachers label students who don’t do things the way they want it exactly. You see, “Olodo and Iti” have meanings of ‘’Inferior’’, ‘’Failure’’, ‘’never do well’’. Imagine a student being called such names for many years, he or she may as a result lose self-confidence and creative drive that are very powerful tools to the realisation of dreams in life, and they grow that way.

So, school actually teaches the opposite of what parents expect. School will not teach a child to overcome fears. School system actually thrives on the foundation of fears. Lecturers in the university are treated as small gods rather than the expected guidance and counsellors.

 

 

 

 

 

 

 

 

 

Point 3:

First class at one thing, zeroth class at many things -part 2

When I was a university undergraduate I would often visit the school newspaper section. Then, the school library room for academic materials was adjacent the newspaper section. You would have to pass the room for academic materials first before reaching the newspaper section. I was always surprised on how the academic library room will most often be full to capacity with students standing because of lack of space. But the newspaper room, is almost always scanty. A final year student of a Nigeria university once told me that she has no business with radio, television, News and newspapers. I tell you, she was brutally frank to me. The number of students that read the news from every ten students chosen at random is just one or in most cases none. I was in a taxi in Port Harcourt, a student was trying to confirm the name of the president of the federal republic of Nigeria from her fellow undergraduate. 2009, when farouk Abdul Mutallab at the age of 23 tried to bomb an airplane, the news went viral, all over the world. I and my like minds would sometimes gather and discuss socioeconomic and socio-political issues in the hostel, the Farouk issue was a hot topic at that time. We also discussed the alarming levels of information deficiency in Nigeria, suddenly someone, one of us made a statement that you will see that more than 90% of Nigerian undergraduates don’t know about farouk Abdul Mutallab. Another person refused to accept the statistic saying it is not possible. And immediately, to have a practical proof of who was right, we decided to conduct an interviews for twenty students that pass the front of the hostel where we discussed immediately, the interview began. Even to my amazement, it was the twentieth student, a lady I often seen in the newspaper section of the university library that got it right. So you see, our schools use the weapon of  fear to make students believe that the only thing they need to while on campus is attended lectures, go straight to your rooms or classrooms, read your books, do your assignments and that’s all. School do not teach a student on how to understand the socioeconomic and socio-political happenings and changes in his environment. That’s why you see a student spend hours only on academic information on a particular department for about four or five years and come out with a first class in one department. He is awarded the degree fully believing the great lie that he is a master of intellectualism. And this is a strong reason why many first class brains and academic book warms are like robots, they have spent many years studying just one thing. A robot is not is not flexible, and if it is there is a great level of constraint, and infact it will remain a robot-constrained because it does not operate independently. No matter how sophisticated a robot is, there must be a control. Most first class book warms are Zeroth class in the real world of socio-political and socioeconomic world, after school they carry the big helmet of lie, the big lie of “ I am a master of intellectualism and information’’

 

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