Connect with us

General news

UNIJOS approves N250m loan for its printing press to boost production.

Published

on

UNIJOS approves N250m loan for its printing press to boost production.


UNIJOS approves N250m loan for its printing press to boost production.

Loan

By Polycarp Auta

Jos, July 9, 2020 (NAN) The University of Jos says it has given approval to its printing  press to access N250 million  loan from the Bank of Industry (BOI) to boost its production.

Prof. Sebastian Maimako, the Vice Chancellorof the university, said this when he visited the company on Thursday in Jos.

The vice chancellor, who said he was was impressed with the productivity of the press, added that the loan would be used to procure modern equipment for better output.

“The council of the university recently granted approval to enable this printing press access a loan of N250 million from BOI in order to boost production.

“This loan would be used to purchase modern machines to enable it meet up with the demand of the competitive world.

“In general, I’m impressed with the level of progress and it is my wish that this place will be better by the time we have everything on ground,”.

Maimako, whose visit to the press was the first since he assumed office in 2016, commended the management and staff for their resilience and commitment to duty.

He urged them to maintain the tempo and called on them to be dedicated at all times.

Earlier, the Manager of the Press, Mr Sebastian Sanke, thanked the vice chancellor for the visit and for granting approval for the loan.

According to Sanke, the press has made significant progress in the last three years and assured that it would produce better result by the time the modern machines arrive.

“So far, the press has passed through a lot development and difficult times, but in the last three years we have made significant progress.

“Between 2017 and 2019, we have made over 85 per cent progress in terms of revenue generation compared to previous years.

“We have N44 million in 2017, N89 million in 2018 and N93 million in 2019. It is a significant progress, but we shall do better by the time we purchase our new machines,” he said.

The manager, who said that its equipment are obsolete, promised to intensify efforts in expanding the scope of its operations. (NAN)

Edited By: Tajudeen Atitebi (NAN)

Polycarp Auta: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

Tanker drivers start strike Monday as talks with LASG end in deadlock NCDC confirms 437 new COVID-19 case, total of infection hits 46,577 Apapa will open to traffic in October — LASG Halep to decide on United States Open after Prague event Gov. Fayemi mourns ex-Ekiti lawmaker, Fakiyesi Vettel says Ferrari messed up with nonsensical strategy Ekiti Govt paying lip service to healthcare delivery, say striking doctors Resumption: Academy wants COVID-19 protocol funds released directly to schools Willian confirms exit from Chelsea after 7 years Anglican Bishop urges govts to save SMEs from collapse For Europe’s “super clubs”, UEFA Champions League determines all YYA sues for peace in Ondo Assembly, condoles with Ogun over Kashamu Ilorin communities appeal to Gov. AbdulRazaq over damaged culvert NPFL 2019/2020 season: Rivers United still insisting they finished second, not third Imo Assembly restates commitment to local production through effective legislation CAN President urges FG to overhaul security apparatus  Osun: Police dismiss inspector for allegedly brutalising tailor, causing death Nimet predicts cloudy, thundery weather activities Monday to Wednesday Sanwo-Olu gives hospital’s management 7-day ultimatum to remove trucks, containers FG supports Imo farmers with 20,000 cocoa seedlings, other improved seeds COVID-19: Low attendance, strict compliance greet church re-opening in Lagos Ex-Rep wants Obaseki impeached over alleged breach of constitution NMA charges state branches to uphold values to protect members Unknown assailants kill Gov. Obiano’s aide on security DG APC Governors Forum tasks membership on participation, registration  Banditry: Monarch urges govt. to adopt new strategies Cleric tasks worshipers on COVID-19 guidelines as church services resume Kwara records 7 new cases of COVID-19 Beauty queen pledges to showcase cultural heritage of Northern Nigeria Zamfara agency sensitises communities on World Bank projects maintenance, sustainability Don’t smoke away your babies, Gynaecologist warns PDP BOT Chairman seeks conduct of LG election by INEC Community policing: FCT minister advocates involvement of council chairmen, traditional rulers Former Police boss blames security challenges on corruption, bad governance Southern Kaduna attacks: Coalition tasks locals on credible information to military Delta communities want FG to revive abandoned projects Dabiri-Erewa says Dapo William’s death great loss to Nigeria Rev Okoye urges Nigerians to return to God, shun tribalism, other vices Commission pledges to eradicate illiteracy, poverty in North-East FG, ECOWAS to host biodiversity consultation on environmental protection Journalists Forum uncovers Nigerians in critical situation in Saudi Arabia NOA urges collaboration of traditional leaders in fight against COVID-19 APC in UK pays tributes to late Dapo Williams Ekiti Govt distributes protective materials ahead Monday’s school reopening Kogi govt extends schools’ fumigation to Eastern Senatorial district Buhari mourns UK-based Nigerian, Dapo Williams COVID-19: Mosques in Ekiti ready for reopening – NSCIA COVID-19: Churches in Lagos  reopen, record  low turn out after 20 weeks of lockdown Church re-opening: Cleric wants leaders ensure compliance with COVID-19 guidelines FCTA pledges support to Suleja smart city project