Why we open up loans for our graduates

Founder/President, The Polytechnic, Ile-Ife, Osun State, Dr Ramon Adegoke-Adedoyin, has urged the new graduates of the institution to address the unemployment in the country by being self-reliant.
Adedoyin made the call during the 20th convocation of the institution which saw 1014 students take a bow. Of the lot, which spread across 2013/2014 and 2016/2017 academic sessions, 216 graduated with National Diploma (ND), while 798 bagged Higher National Diploma (HND).
He said the institution was planning to ensure that graduating students access interest-free loans, to enable them start their own businesses.
“We have equipped them with entrepreneurial skills and we are ready to help them to start their own business base on what they have learnt.
“They should group themselves into five or 10 number base on the training they have learnt and apply through the school to the bank. Each of the group would be given between N5million and N10million depending on their projection,” he said.
Adedoyin assured that the graduands would access the loans without any collateral security, saying the institution management would only monitor them for proper use.
Adedoyin assured that graduates of the institution could compete favourably with their counterparts elsewhere.
He said: “Reports from industries, organisations, government establishment, among others, indicate that our graduates are well-cultured. The culture of hard work, commitment, dedication, consistence, self-confidence and faith in God, is our watchword here. What we imbibed in them really paid off as none among them is found wanting in their chosen disciplines.
Earlier, the Rector of the institution, Revd Siyanbola Theophilus Olabode, advised the graduating students to be good ambassadors of the institution.
“With positive values inculcated in you during your academic pursuit at this institution, I believe you will keep up these starling virtues that we are known for,” he added.

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