FUHSO EDC Concludes Three-Day Business Start-Up Training, Urges Participants to Start Small and Grow Gradually

The Entrepreneurship Development Centre (EDC) of the Federal University of Health Sciences, Otukpo (FUHSO), in collaboration with the Tertiary Education Trust Fund (TETFund), has concluded a three-day Business Start-Up and Incubation Training for staff and students of the university.

The training, which commenced on Monday and ended on Wednesday, September 30, 2026, at Lecture Hall B, Otada Campus, was designed to equip participants with practical knowledge and skills for identifying business opportunities, developing viable business ideas and building sustainable enterprises.

The Day Two theme, “Entrepreneurship Success Tips,” featured a presentation on Feasibility Studies and Feasibility Reports by Dr. Dele Balogun. He explained the essential components of a feasibility study and outlined a recommended structure for preparing a feasibility report. Participants also took part in a practical exercise on developing mini feasibility studies.

Another facilitator, entrepreneurship educator and management consultant from the University of Jos, Professor E.S. Echu, described entrepreneurship as an economic response to pressure, noting that new ventures create not only commercial value but also practical solutions to economic and social challenges.

Professor Echu explained that successful start-ups evolve from identifying unresolved problems to developing, testing and validating products or services before pursuing sustainable and scalable growth.

According to him, start-ups transform unmet needs into new sources of value and must earn the confidence of their customers through product performance, market acceptance and customer satisfaction.

His presentation also focused on healthcare start-ups, the challenges confronting the sector and possible approaches to addressing them. The session was followed by an interactive question-and-answer segment.

The final day’s theme, “Consolidating Success,” featured another presentation by Professor Echu titled “Feasibility Study Report: Healthcare Business Start-Up Action in Nigeria.”

He also examined critical success factors for start-ups, the personality traits of successful entrepreneurs and the skills required to become effective entrepreneurs. He concluded with practical financial management tips, including the Five Cs of Financial Management.

The training concluded with an evaluation session during which participants reflected on the knowledge and skills acquired throughout the programme.

Speaking at the closing session, the Acting Director of the EDC, Dr. Emmanuel Ogbenjuwa, expressed appreciation to the University Management, TETFund, facilitators and participants for their contributions to the success of the training.

Dr. Ogbenjuwa urged participants to translate the knowledge acquired into practical action, stressing the importance of starting small and growing gradually. He also encouraged them to submit their business ideas to the Centre for consideration and possible support.

Certificates were subsequently presented to the participants, marking the formal completion of the three-day programme.

The training further underscored FUHSO’s commitment to fostering entrepreneurship, innovation, self-reliance and sustainable enterprise development among its staff and students.