Owner of Peace Mass Transit limited Dr. Samuel Maduka Onyishi has said that it was better to invest in educating people than setting up businesses for them.
The business mogul stated that from his experience, those he supported in their academic trainings were more successful than those he assisted in setting up businesses.
He said this during the weekend, at the foundation laying of Samuel Maduka University, Agu-Ekwegbe in Igbo-Etiti Local Government Area of Enugu state.
Onyishi said that he had given people money to set up businesses but only few of them succeeded.
“If you pay N50, 000 for a student at the University of Nigeria Nsukka, he will not forget and 99 percent of them will graduate. But if you give N1 million for someone to go and start business, if he starts the business and fails, tomorrow he will say that the money you gave him has taken away his destiny,” Onyishi said.
The transport mogul also revealed that he did not see the University as another business venture, but as a social service to improve the lives of people of all races.
Onyishi, who promised to build a world class university that Nigeria will be proud of, narrated that he made his money from being a bus conductor to selling of second hand clothes with a capital base of N1,200.
Governor Ifeanyi Ugwuanyi of Enugu state expressed delight at the driving spirit of Dr. Onyishi in envisioning a University that is entrepreneurial in content, describing it as another milestone achievement.