Igbinedion University, Okada (IUO) in Edo is set to establish a firm for marketing of products produced by the institution’s students, under its mandatory entrepreneurship and skill acquisition program.
Vice-Chancellor of the university, Prof. Lawrence Ezemonye, stated this on Wednesday in Okada during the institution’s 10th students’ product exhibition.
He said that the firm had become necessary in order to commercialize all the products being made by students every year, with the proceeds reverted to the program to develop it better.
“We are setting up a firm for the EPS (Entrepreneurship and Skills Acquisition) program; it is to commercialize all the products we have seen here.
“Every year, products will be sold and the funds returned to the school account and reverted to the EPS program to develop it better,” he said.
The vice-chancellor said that the exhibition marked the formal conclusion of the training, which was mandatory for 300-level students in all disciplines, after they had been exposed to 14 different skill sets.
He described the role of the university in fostering entrepreneurial culture amongst students and staffers as critical to national development.
“This is in tandem with our overarching goal of ensuring that every graduate leaves the university with at least one skill that will enable him/her to find a profitable niche in an economy where youth unemployment has climbed to over 30 per cent.
“The making of an entrepreneur goes beyond learning and developing a skill. Therefore, the university adopts a multifaceted approach in achieving our objectives in this area,” said Ezemonye.
The Guest Speaker, Dr Friday Okpara, expressed the regret that many universities were not preparing their students for the challenges after school, particularly, how to stand on their own.
Rather, Okpara, who is the Director, Partnership and Cordination, Small and Medium Enterprise Development Agency of Nigeria (SMEADAN), said that students were being prepared to carry files around, looking for jobs that were not available.
He lauded the university for toeing the right path of inculcating entrepreneurial mind into their students and bequeathing on them practical components of the skills.
The SMEDAN director said that a stakeholders meeting would be held with the institution’s management on how the agency could deepen and broaden partnership in the area of entrepreneurial development with the university.
He urged the students to tap from the entrepreneurial mindset of the proprietor of the institution, Sir Gabriel Igbinedion who, he said, found a gap in the Nigeria education system and established the university.
Okpara, who described every challenge as an opportunity, called on the students to recognize opportunities and take a step.
Earlier in her address, Dr Mary Josiah, Director, Centre for Entrepreneurship and Skills Acquisition of the university, said that the program offered mentorship and advisory services to students by bringing successful entrepreneurs from the industry to train them in various skills.
She said that certificates would be issued to successful student-trainees at the end of the program.
