By; SANI ALIYU, Zaria
The Governing Council of the Nigerian Institute of Transport Technology Zaria is committed to repositioning the Institute, in line with the Federal Government’s economic diversification policy.
Speaking at the opening ceremony, the of the one-day training workshop for the management of the institute, the Executive Director of the institute Dr. Abimbola O. Odumosu said the training workshop was to brainstorm, improve operational efficiency, broaden the revenue base and achieve more relevance.
Represented by the Registrar, Mal. Sule Bello, the Director General/Chief Executive said it was high time the management became more business oriented in the face of dwindling revenue to meet up with the challenges confronting the Institute.
He said, NITT has deemed it necessary to expand its revenue base in addition to realizing its vision of becoming a world class institution.
In his remarks, the Director, Consultancy Services, Mr. Femi Jemirin said in order to ensure effective implementation of the council’s directive, two experts in the field of business development and entrepreneurship, Prof. Sani Abdullahi and Dr. Amina Sani, have delivered lectures on how best NITT could reposition its financial status as well as gain more reliance considering its peculiarities and the dynamism of the business environment.
Delivering her paper on “Entrepreneurial Opportunities in Nigerian Institute of Transport Technology”, Dr Amina Sani, Director Entrepreneurship and Skills Acquisition Centre, FCE, Zaria, enjoined the Management of NITT to exploit the business opportunities that abound in the environment.
She said NITT can venture into businesses like production of sachet water, bakery, providing general transport services ranging from bus and car hire, inter-state transport and hire purchase vehicles.
Others are provision of staff school, automobile mechanical workshops for both staff and the public, expansion of the capacity of the driving school, establish travel agency and engage in intensive marketing of all its programmes.
Dr Amina further said if these are properly implemented, it will go a long way in boosting the revenue base of the Institute.
She said success in business demand a total commitment by the entrepreneur in terms of time, money and lifestyle.
In his presentation, Professor Sani Abdullahi of the Department of Business Administration ABU Zaria on Business Development enjoined the management of the institute to review their business environment to identify potential new opportunities.
He said the Management should in all intents and purposes assess the service gap in the business environment taking cognizance of the Institute’s comparative advantage with a view to ascertain which ventures to undertake to improve its internally generated revenue.
The one-day workshop which was attended by all the directors and assistants directors identified commitment as key to the success of the new business idea.