YABATECH to establish radio station, mortgage bank

The management of Yaba College of Technology (YABATECH) said on Thursday that it would establish a radio station, a mortgage bank and a bottled water production plant.
Mr Charles Oni, the Head of Public Relations Unit of the college disclosed this in Lagos.
Oni said that the projects were the investment plans of the institution for 2016 and they were near take-off stages.
He said that the college had constructed the first central industrial laboratory in Nigeria which would soon be inaugurated.
He explained that the central laboratory would attract chemical and allied industries into the institution.
“We have secured a radio license to connect the two campuses in Yaba and Epe.
“The objective of this project is to ensure that products of the college are fully engaged to demonstrate their acquired skills and become more employable.
“We have struggled to obtain the license so that we can reach out to students in both campuses and teach them through ICT and radio,’’ Oni said.
NAN recalled that the college had, last year, secured an operating license from the Central Bank of Nigeria (CBN) to float a mortgage bank.
Oni said that the bank would be used as a training ground for Accounting, Banking and Finance students as well as handled the financial transactions of the institution.
“We have constructed a bottled water plant with sophisticated equipment within the campus to boost the internal generated revenue.
“The equipment has been assembled and the plant will begin production soon,’’ he said.
To ensure uninterrupted operations, he said that the college had taken delivery of a 250KVA transformer for regular electricity supply.
Oni said that the school authority was working towards expanding its Epe campus.
He assured that the campus would be developed to its full capacity in the year.
“Our focus in 2016 is on Epe campus, we want to ensure that it developed side by side with the main campus in Yaba.
“The management has brought in experts from Europe to address the principal officers of the college on how to expand the scope and capacity building of the institution.
“This will enable the college to admit more students on technical and vocational education,’’ he said.