KWACOED table water'll generate N1.2m IGR monthly'

Date: 2018-10-15

The table water project of the Kwara State College of Education, Ilorin is expected to generate a target of N1.2 million monthly, when completed.

The Deputy Director Academic Planning, Kwara State College of Education, Ilorin, Dr. Hadi Atanda stated this during a chat with Pilot Business in his office, on Friday.

According to him, the enterprise based project has nearly reached 95 per cent completion.

He said the motive behind KWACOED table water is to increase the Internally Generated Revenue (IGR) of the college as demanded by the state government.

"The college of recent faced lots of financial problems. So, the state government in its wisdom has asked us to look inward for ways to generate revenue instead of waiting to be spoon-fed by government

"We have market for the table water business already. Let's assume 4,000 students buy one sachet of water per day, and about 400 bags are sold at N100 per bag. That will give us N40, 000 daily. If we multiply this in a month, it will give us N1.2 million, "he said.

Hadi noted that everything for the take off of the enterprise is set, adding that what is left is National Agency for Food and Drug Administration Control (NAFDAC) assessment and approval.

"We have the building, the production machine, we have appointed production manager, nylon is on ground, the tank and water systems are all available. So, business wise we are set.

He said NAFDAC will be paying a visit to the college for the first phase of its inspection, after which permission to hit the market would be granted.

He further said that the proposed business has gulped about N10 million, adding that the college financed the project in collaboration with AD-Doman Multipurpose Cooperative Society.

"Upon completion, KWACOED table water will be the fourth of its business kind among institutions in Kwara State.

Source

 


Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Kwara Teaching Service Commission     Modibbo Kawu     Hamza Usman     Nigerian Correctional Service     CCT     Just Law Forum     Irepodun     John Dara     Sarah Alade     Isau     Rashidi Yekini     Al-Adaby     Christian Association Of Nigeria     Student Learning Support Helpline     Henry Makinwa     Olayinka Jelili Yusuf     Offa Grammer School     Emir Of Lafiagi     Babajide Ajayi     Binta Abubakar Mora     Kawu Baraje     Ayoade Akinnibosun     College Of Arabic And Islamic Legal Studies     Alumni Association Of The Federal Polytechnic Offa     Ahmad Lawan     Jaiz Bank     Abdulkadir Remi Hawawu     Asiwaju Bola Tinubu     Magaji Nda     Ayodele Olaosebikan     Fareedah Dankaka     Code Of Conduct     Yunus Lawal     Arandun     Ibrahim Abdulkadir Abikan     MAI Akande     Ajibike Katibi     Isapa     Tunde Kazeem     Okedare     Durosinlohun Kawu     Oko Erin     Shururat Olatinwo     Bello Oyebanji     Kwara Volleyball Association     Nigeria Foundation For Artificial Intelligence     Moronfoye     Kisira     Atiku     Olokoba Abdullahi Ayinla     Isiaka Rafiu Mope     Communication Network Support Services     UNILORIN Alumni     Bolaji Aladie     Rotimi Oyedepo     Ibrahim Abduquadri Abikan     Onilu     Mohammed Lawal Bagega     Segun Olawoyin     Ayo Adeyemi     Olatunji Ibrahim     Ndama Al-hassan     Old Oyo     Mufutau Olatinwo     Sobi Specialist Hospital     Olomu Of Omu-Aran     Saka Keji     Elesie Of Esie     Sulyman Abdulkareem     Women Radio     Sulyman Buhari     Abdul-Rahoof Bello     New Naira Notes     Saka Saadu     Oyawoye     Yusuf A. Usman     Folorunsho Erubu    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Olajumoke Monsura Gafar     Jumoke Monsura Gafar     Kwara 2015     Gbajabiamila     Shehu Adaramaja     Adamu B. Yaqubu     Alabere     Siraj Oyewale     Michael Ologundea     Rueben Parejo     Abdulhakeem Adelaja Amao     Muhammad Yahya     Kwara South     Bolakale Ayo     Minister     Abdulkadir Akanbi-Oke     Ethical College     Okin Group     Freshvine Nigeria Limited     Adedayo Yusuf Abdulkareem     College Of Arabic And Islamic Legal Studies     Frootify     Jare Olatundun     Tunji Ajanaku     Umaru Saro     Ishak Mohammed Sabi     Dorcas Afeniforo     Amuda Bembe     Ahmad Belgore     Isaac Aderemi Kolawole     Emir Of Yashikira     BIR     Abdulraufu Mustapha     Sa\'adu Salahu     General Tunde Idiagbon International Airport     Oloyede     Yomi Ogunsola     Oluwarotimi Boluwatife Adenike     Sarakite     Senate     Abubakar Baba     Salman Suleiman     Jaiz Bank     Islamic Development Bank     Abubakar Abdulraheem     Abubakar Imam     Akanbi-Oke     Salihu Alhaji Musa     KWIRS     Police Commissioner     Adedipe     Folorunsho Alao     Okasanmi Ajayi     Abdulrahman Abdulrazak     Rafiu Ajakaye     Alapansapa     Jaigbade Alao     Sulyman Age AbdulKareem     Kawu Baraje     Olayinka Oladapo Jogunola     Fatimoh Lawal     Labour Party     Oluwole Dupe     Yusuf Zulu-Gambari     Ilorin East/South Federal Constituency     GANZY     Budo Egba     JMK Construction Company Limited     Pius Abioje     Imam Gambari     Kwara TV     Countryside Emerging Leaders Fellowship     AGM Professional Services     Mary Kemi Adeosun     Shagari     Peter Amogbonjaye     Aiyedun