Kehinde Ogunyale
A foresight decline in Moshood Abiola Polytechnic students’ patronage to buying goods and products sold at the school’s market might drop low as students have diversified into entrepreneurship development.
The school’s market which is the central hub for all kinds of trading activities have been receiving low turnout since the resumption of students into the new semester. This decline cannot be unconnected to the recent development by students to generate personal funds.
It is also, noteworthy to write that the in the past years, institution has mandated lectures such as Enterpernuship Educational Development (EED) to be taught and praticalised both at the ND and HND level to enable personal developments.
An observed study has shown that most of the entrepreneurial activities carried out by students includes; selling of writing materials and past questions, consumable items like snacks, drinks and other food products, raw materials, cloths and foot wears as well as beauty and facial products used by students.
Moreso, another study showed that the hike in the prices of goods and services increased the desire of students to go into entrepreneurship as well as exact their personal skills to generate more fund.
Further findings revealed that major factors that motivated students to becoming enterprisers includes increase in demand of consumable products, nearness and availability product consumed, provision for school fees and school expenses as well as personal growth and savings.
However, the school’s market headlines a constant inflation in the prices of goods and services as economic factor such as, exchange rate, taxes, payment of rent and space, contributions and dues, transportation of goods, determines the price at which most goods are sold.
Most products and services rendered at the school’s market are twice as higher in price compared to students’ products.
