As part of efforts at strengthening Entrepreneurship programme at the Kwara State University (KWASU), Malete, the KAM Industries Nigeria Limited, has donated N3million as revolving Anchor Borrowers Fund to students of the Institution.
The donation, which came under an initiative, tagged “Kamoru Yusuf Entrepreneurship Fund” is aimed at supporting student entrepreneurs in their determination to create wealth and become employers of labour rather than job seekers after graduation.
This is as Vice-Chancellors of KWASU, Professor AbdulRasheed Na’Allah; Landmark University, Omu-Aran, Professor AdeniyiOlayanju; and Al-Hikmah University, Ilorin, Professor Taofeek Ibrahim, called for synergy among tertiary institutions, industry, and government, to bring about accelerated development in the country.
Making a lead paper presentation at the 8th International Conference on Entrepreneurship, Management and Innovation, held on Monday, the Group Managing Director/Chief Executive Officer (CEO) of the company, Alhaji Kamorudeen Yusuf, encouraged the youth to discover themselves and turn their challenges into opportunities for a prosperous future.
Held at the University Mini Convocation Arena, the annual event was organised by the Centre for Entrepreneurship in honour of the outgoing Vice-Chancellor and Board Chairman of the Centre, Professor AbdulRasheed Na’Allah.
It was with the theme “Tertiary Institutions, Industry-Government Collaborations (triplex-helix model): Key to Entrepreneurship, Economic and Social Development."
Represented by the Executive Director, Corporate Services of the company, Mr. Bola Awojobi, the KAMWIRE chief discouraged the youth from travelling abroad for greener pasture, noting that Nigeria remains the best place to live and make legitimate wealth despite all odds.
He explained that the money donated would serve as a revolving anchor borrower scheme to students of the Institution, as part of his support for the Centre for Entrepreneurship.
According to him, “I am here to boost the lots of theoretical skills taught in the University. As we are all aware that tertiary educational sector plays vital role in the socio-economic development of any nation through the production of graduates in all fields of human endeavour.
“Tertiary institution is a vehicle upon which the skills of workforce are built. Without effective implementation of tertiary industry, we cannot hope for a future self-reliant graduate with the required skills and flexibility for sustainable human capital development in the global age.”
Yusuf, who is also the President, Manufacturers Association of Nigeria, Kwara/Kogi Chapter, commended the outgoing Vice-Chancellor of the Institution for his new appointment as Vice-Chancellor of the University of Abuja.
According to him, “This is to further reiterate and confirm his strides towards the growth and development of KWASU from its tender age up to the present moment after a successful 10 years tenure in office."
Earlier in his remarks, KWASU Vice-Chancellor, represented by the Deputy Vice-Chancellor (Administration), Professor Sakah Mahmud, had stated that Nigeria was endowed with human and natural resources capable of making it one of the leading countries in the world.
While urging Nigerians to tap into the natural endowments for national development, he said the University has been playing its part through different initiatives, such as the establishment of RanaPower Energy Manufacturing Company Limited, to produce solar panels to address power problems facing the country.
The Vice-Chancellor also described KWASU’s entrepreneurship programme as a model for other tertiary institutions, assuring that no stone would be left unturned to consolidate on the achievements so far recorded.
Similarly, the Vice-Chancellor, Landmark University, who was also a Guest Speaker at the event, remarked that entrepreneurship is the driver of economic growth, stressing that significant poverty reduction is possible in Nigeria, as experienced in many other countries where entrepreneurship is embraced.
He said, “Nothing in itself is new, but a more creative way is the new approach,” adding that there was a need to move from mere invention to innovation to engender national development.
A Professor of Agricultural Mechanisation, the guest speaker explained that within the triplex-helix model, the government is expected to formulate policies that provide for collaboration between the institution and the industry, just as he noted that academics should not only focus on publishing, but also impacting the people through their research and publications.
He stressed that Nigeria must take a cue from China model that brought about its liberation, adding that community needs and demands must be the underlying factor in the nation’s drive towards economic growth and development.
Also, the Vice-Chancellor of Al-Hikmah University remarked that KWASU had carved a niche for itself in the area of entrepreneurship among its counterparts in the country.
He noted that any country that prioritises entrepreneurship through wealth creation by its people would witness growth and development and vice versa.
In his remarks, the Director of the Centre for Entrepreneurship, Dr. Sunday Ojo, thanked the donor for his show of concerns on youth empowerment, growth, and development education, as well as securing the future for the nation.
Ojo said the Centre has concluded arrangements for the establishment of Incubation Centre where students and graduates of the University would have access to facilities 24 hours, to create wealth.
Highlight of the 2019 International Conference on Entrepreneurship was the presentation of “Nigerian Most Enterprising Vice-Chancellor Award” to the outgoing Vice-Chancellor.