Updates from Professionals

  • Litcaf - Remilekun Falade

    Remilekun Falade 4 weeks ago

    Hello everyone. We are on to LitCaf. The very big one.

  • Litcaf - Adedamola Abraham

    Adedamola Abraham 1 month ago

    Kids should not be encouraged to dump the sciences for anything. That is not hoe to grow an economy.

  • Litcaf - Temitope Jeremiah

    Temitope Jeremiah 1 month ago

    What caption for this? Surely a great shot.

  • Litcaf - Temitope Jeremiah

    Temitope Jeremiah 2 months ago

    This is how we do it. Happiness at work..Come try LitCaf

  • Litcaf - Temitope Jeremiah

    Temitope Jeremiah 3 months ago

    What we do at #LitCaf #Coworking

  • Litcaf - Temitope Jeremiah

    Temitope Jeremiah 3 months ago

    Not all about tech. Our use base is diverse array of gentle men and ladies. #LitCaf is where you want to be. #Coworking #Yaba #Lagos

  • Litcaf - Tope

    Tope 4 months ago

    Lets do this together, Otondo friends.

  • Litcaf - Temitope Jeremiah

    Temitope Jeremiah 4 months ago

    Dictionary definition of freelancer. How well do you agree with that?

  • Litcaf - Lovey Dovey

    Lovey Dovey 4 months ago

    Hello Everyone. Happy to be here on LitCaf

  • Litcaf - Apoola

    Apoola 4 months ago

    Idealized Biafra. Nothing shameful about that.

  • Litcaf - Temitope Jeremiah

    Temitope Jeremiah 4 months ago

    Good morning everyone. Wake up with a newer determination to achieve your objective.

  • Litcaf - Tope Apoola

    Tope Apoola 4 months ago

    Still testing. One long test.

  • Litcaf - Apoola

    Apoola 4 months ago

    We got books to lend.

  • Litcaf -

    5 months ago

    Memory lane...Ken Saro Wiwa

  • Litcaf - Temitope Jeremiah

    Temitope Jeremiah 5 months ago

    One innovation of ours.

  • Litcaf - Temitope Jeremiah

    Temitope Jeremiah 5 months ago

    May7ven was born in May 7. I thought that was obvious. However, that isn\'t what we are talking about now. Do you know that this website actually does not allow copy and paste because of its care about aesthetics?

  • Litcaf - Tope Apoola

    Tope Apoola 5 months ago

    Me..Me..Me

  • Litcaf - MI Apoola

    MI Apoola 5 months ago

    We research and present needed data to help with forecast, survey, and decision making. SND MiniMax Consultancy.

  • Litcaf - MI Apoola

    MI Apoola 6 months ago

    Hello everyone. I like to introduce SND MiniMax Consultancy. We are involved in data collection and human capacity building.

  • Litcaf -

    6 months ago

    Hello, LitCaf. Seems very exciting, what\'s coming down here. Meanwhile, making a shout-out to best gal, May7.

Free Enterprise

Free enterprise in European store .
European store 1930s, Free enterprise allows for the unhindered transnational activities of businesses form different countries.

Free Enterprise, as an economic principle, features minimum intervention of government and greater participation of private individuals in business management. This system, idealised by early political associations such as the People’s Union, endured in the tenets of the educated elites that Ademola II, Alake of Abeokuta, had recommended at his coronation in 1920 that “all the nooks and corners of the country should be as free to commerce as the air we breathe.” The king, as reported in Folarin’s Life of the Egbas also credited the principle as the “principal mainstay of all progressive states.

Although the Nigerian laissez faire policy included the ‘unconditional’ opening of its doors to foreign enterprises since 1945, like Kenya and many francophone countries, the indigenization decree of 1972 appear to have increased government participation, as it chooses to involve itself in ensuring the direction of Nigerian industrial evolution is trusted in indigenous hands. This was clearly not the case in colonial times, like for example, when influx of European traders such as John Holt, G.B. Ollivat and Miller Brothers into retail trade that the Ijebu were known for, threatened the latter, and eventually reduced their profits. Competition from European companies was made even tougher with the inclusion of France’s Compagnie Francais de l’Afrique Occidentale, the United Africa Company, Patterson and Zochonis, Germany’s Will and Busch and Rowntree’s Cocoa Manufacturers Limited in the 1930s. Free enterprise was advantageous to rural buyers who now got imported goods at same price as with the big towns.

In Abeokuta, European merchants’ factories were established at Ibara through the influence of the Rev. J.H. Samuel, who was appointed secretary to the Egba government in 1902. Appearance of the Europeans reduced the monopoly enjoyed hitherto by native traders and middle men because petty traders and consumers preferred doing business with expatriates. Authorities of the Egba government, when petitioned, always replied with what is apparently their adopted doctrine for enterprises, “no check must be put in the way of trade”.