The management of Yaba College of Technology (YABATECH) on Thursday announced their investment plans for 2016 which include establishing a mortgage bank, a radio station and a bottled water production plant.
Mr Charles Oni, the Head of Public Relations Unit of the college also said the institution had constructed the first central industrial laboratory in Nigeria which would attract chemical and allied industries into the institution.
He said: “We have secured a radio license to connect the two campuses in Yaba and Epe.
“The objective of this project is to ensure that products of the college are fully engaged to demonstrate their acquired skills and become more employable.
“We have struggled to obtain the license so that we can reach out to students in both campuses and teach them through ICT and radio’’.
He explained that the bank would be used as a training ground for Accounting, Banking and Finance students as well as handled the financial transactions of the institution.
It would be recalled that the college last year, secured an operating license from the Central Bank of Nigeria (CBN) to float a mortgage bank.