BUSINESS IDEA CONTEST: PROF BALA HAILS 9 VICTORIOUS STUDENTS, DOLES OUT N450K

By Ugboaja, Stanley U.
The Vice-Chancellor, Federal University of Technology, Minna, (FUTMINNA), Prof. Abdullahi Bala, fsssn, has applauded the nine victorious students who excelled at the maiden Federal University of Technology, Minna Entrepreneurship Centre (FUTEC) Business Idea Competition.
Equally important, Prof Bala rewarded the nine students with a cash gift of N50, 000 each to support their businesses.
The grand finale of the competition took place yesterday, Wednesday June 23, 2021 at the Caverton Lecture Theatre, Main Campus, Gidan Kwano.
Speaking at the event, Prof. Bala stated that the competition is aimed at engendering a culture of entrepreneurship in the University. Further, he described the event as a “breath of fresh air” for the students and the institution towards a paradigm shift to make the students job creators instead of job seekers before and after graduation.
The VC congratulated all the students who participated for subjecting their business ideas to intense scrutiny by the judges, while urging those who did not win to try again during the next edition.
“I am highly inspired by the various presentations by students at this event. I commend you all for seeing opportunities in your immediate environment and exploring it. The Entrepreneurship Centre will guide you, mentor you and provide you with many services that will further enhance your business profile. I am happy that the University is making progress, ” the University helmsman disclosed.
He stated that the University would commit some of the funds approved by the Federal Government for the upgrade of the University of Technologies to boost entrepreneurial capacity in the University, adding that FUT, Minna is among the top four universities in the country preferred by employers of labour.
Speaking earlier, the Director of the Centre, Dr. (Mrs.) Caroline Alenoghena said the event was the first of its kind in the annals of the University to usher the induction of victorious students into the FUTEC Incubation Hub. Also, she commended the University’s Management for their support.
The Director disclosed that a total of 40 students applied for the competition, while 24 were invited to the boot camp, out of which 17 students made it to the grand finale, while nine students with the best business ideas emerged victorious.
“The business ideas displayed by the students were mind-blowing and the judges had a tough time selecting the winners. To those not selected, my advice is that you put to use all the business tips given to you and do not hesitate to participate in the next call which will be announced soon,” she advised.
Additionally, she noted that the Centre would provide the students with secretarial services, training on business management and scaling, brand building, patenting and marketing. Others are mentoring and referrals, monthly performance assessment, tutorials, as well as counselling and mentoring services to help develop their businesses.
The nine victorious students took turns to present their business ideas to dignitaries at the event and how the competition has prepared them to overcome the multi-faceted pitfalls that affect entrepreneurs in Nigeria.
The nine victorious students are: Alabi Joshua Olaoluwa, department of Telecommunications Engineering, Chukwuemeziem Martins I., department of Civil Engineering, Ajonye Paul, department of Mechanical Engineering; Samuel Odunsi, department of Surveying; Atoyebi Mary, department of Project Management. Others are: Ocheja Faith Nefisetu, department of Quantity Surveying; Abdulkareem Soliu, department of Surveying and Geoinformatics, Olayonu, Adam Akewusola, department of Mathematics; Otonoku Henry and Simeon Mnaan.
The event was organised in collaboration with the Students’ Union Government (SUG) of the University.
Photos: Elijah Yisa