Kwara State Polytechnic Plans Microfinance Bank Launch and Campus Upgrade

Kwara State Polytechnic is advancing with plans to launch its own microfinance bank pending Central Bank of Nigeria approvals, aiming to boost revenue.

Jul 11, 2024 - 18:45

Kwara State Polytechnic Plans Microfinance Bank Launch and Campus Upgrade

Kwara State Polytechnic is gearing up for significant institutional developments aimed at enhancing financial sustainability and operational efficiency. The polytechnic has announced plans to launch its own microfinance bank to bolster revenue streams, pending final approvals from the Central Bank of Nigeria.

Simultaneously, the institution is set to relocate its Institute of Technology to its main campus in Araa, Ilorin. This strategic move aims to streamline administrative processes and improve overall efficiency in delivering educational services.

In a bid to promote entrepreneurship among its students, Kwara State Polytechnic is forging partnerships with key institutions. These collaborations are designed to provide students with practical skills and opportunities to develop entrepreneurial ventures.

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The polytechnic recently celebrated the graduation of 7,781 students, marking a significant milestone in its academic calendar. Among the graduates were 62 students who achieved distinctions at the Higher National Diploma (HND) level and 56 at the Ordinary National Diploma (OND) level.