Noah Ebije, Kaduna
Kaduna Polytechnic (KADPOLY) has gone into modern fish farming and high capacity block making industry in order to boost its Internally Generated Revenue (IGR).
The commissioning ceremony was performed by the Rector of KADPOLY, Dr. Idris Bugaje recently at the polytechnic Main Campus, Tudun Wada, Kaduna. The projects were built and would be managed by KADPOLYConsult, a subsidiary of Kaduna Polytechnic.
The Fish farm is fitted with four large fish ponds, a borehole specifically built to supply water, flood lights and four overhead water tanks.
The fish ponds have the capacity of holding over 20,000 fingerlings which would mature and be harvested within seven months.
Similarly, the block industry has the capacity of producing nine inches block at the rate of 3000 blocks per day.
Speaking during the commissioning of the projects, Dr Bugaje expressed satisfaction with the management of KADPOLYConsult for doing a fine job.
Bugaje also revealed that when he came on board in October 2017, KADPOLYConsult was operating at a loss and without remitting a single kobo to Kaduna Polytechnic coffers. He therefore sacked the management and brought in the present team headed by Dr. Bello Yilari.
He said, “Dr Yilari has repositioned KADPOLYConsult to the extent that the company now remits N5million quarterly to the polytechnic since 2017, adding “with the commissioning of these projects, it is my hope that KADPOLYConsult would be remitting over N5 million”.
In his remarks, the Chairman of the Board of Kaduna Polytechnic, Alhaji Yusuf Hassan also commended the doggedness and business acumen of the Managing Director of KADPOLYConsult Dr.Yilari for repositioning the venture.
Speaking to newsmen, Dr Yilari said that when he came on board as the MD of KADPOLYConsult, he conducted a feasibility study and the result showed that building of a fish pond and block industry by the KADPOLYConsult would generate employments for the students of the institution and for the host community.
He added that both the Fish farm and the block industry would generate IGR for the company and the institution which would bridge the gap between the funding from the Federal Government and what the polytechnic needs.
“The more we build projects like this, the more we generate revenue and the more we remit to the polytechnic” he said.
The MD further said that the company funded the projects by itself without credit facility from the bank or the polytechnic.