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Prof. Sulyman Age-AbdulKareem, the Director of the University’s Laboratory to Product Centre, has given us news to be excited about.
The Prof shared the news of the two prototypes on Wednesday after a meeting with the team. According to him, investors are already showing interest.
That's not all. Patents have been filed, and it should be read next month.
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Prof. Sulayman said:
“Interested investors are knocking at our doors with proposals to fund the project.”
On the Investor end of things, Prof. Abdul Ganiyu Ambali, Vice-Chancellor of the university and the Deputy Vice-Chancellor, Management Services, Prof. Adedayo Abdulkareem, are examining offers and will soon begin meeting with investors.
The opportunities are immense.
The Federal Road Safety Corps has been pushing for motorists to install speed limiting devices in their vehicles. What this means is that there's already a waiting market for this product.
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There's also the part where engineering students get to work on actual practical stuff. There's also the possibiliy of students working involved in the manufacturing process to help them earn extra cash. Exciting.
There's also the part where the University's Internally Generated Revenue can be boosted immensely.
The VC had some words to add.
In his speech, he said the University of Illorin is the first school to respond positively to the challenge given by the Federal Government to Nigerian universities. He also mentioned how significant this project means with how much accidents it can curb. Ambali even added that he trusts the device because he's tried it himself.
Kudos, Unilorin. Kudos.
