The Igbo apprenticeship model(IAS) : A Nigerian Model for Stakeholder Capitalism.

The Igbos in Africa has been practicing for centuries what is today known as stakeholder capitalism. The Igbo apprenticeship system (IAS) is a communal enterprising framework where successful businesses develop others, and over time provide  capital and pass along their customers to the new businesses.

 Few businesses grow to become very dominant, and in doing so, they create a largely equal community where everyone has opportunities. The key focus of IAS is to prevent poverty by mass scaling opportunities for everyone.

The IAS has been recognized as the largest business incubator in the world as thousands of ventures are developed and established yearly through it. While many have noted that the Igbo apprenticeship system could be reformed to provide better protection to the young apprentices, others have argued that formalizing the process will distort the natural equilibrium where people derive pride that they helped younger people. 

Nonetheless, for the Igbos and some Africans, it is a working system which has brought equality and peaceful coexistence in communities.

The IAS has been recognized as the largest business incubator in the world as thousands of ventures are developed and established yearly through it. Innocent Chukwuma, the founder of Innoson Motors, the largest indigenous automobile manufacturing company by sales in Africa, is a product of IAS.