1.0ABOUT THE STUDENTS INDUSTRIAL WORK EXPERIENCE SCHEME (SIWES)
SIWES, an acronym for Student Industrial Work Experience Scheme was introduced by the National Universities Commission (NUC) in collaboration with the Industrial Trust Fund (ITF) in the early 70’s between registered industries or establishments and the institution of higher learning. Funded by the Federal Government is an accepted skills training programme for all the Nigerian Universities. Completion of the Students Industrial Work Experience Scheme is a basic requirement for the award of a degree in students’ course of study. It is usually for a period of six (6) months in universities and must be carried out in a recognized and approved organization. The bodies involved in SIWES include: •The Federal Government
•The Industrial Training Fund (ITF)
•National Universities Commission
•The Institutions (Tertiary Institutions)
•The Students and
1.1OBJECTIVES OF SIWES
The objectives of the Students Industrial Work Experience Scheme (SIWES) include:
i.Bridging the gap existing between theory and practice of different professional educational programmes in the Nigerian Tertiary Institution. ii.Exposing students to machines and equipments, professional work methods and ways of safe guarding the work areas and workers of industries and other organizations. iii.Preparing students for the work situation they are likely to meet after graduation. iv.Making transition from the University to the world of work easier and thus enhance students’ contacts for later job placement. v.Provides students with the opportunity of applying their theoretical knowledge in real work situation thereby bridging the gap between university work and actual practice. vi.Finally enlisting and strengthening employer’s involvement in the entire educational process of preparing university graduates for employment in the industry.
2.0 THE FIRM
My industrial training was at Massey Udegbe and company, Estate Surveyors and valuers located at 2A Montgomery road Yaba Lagos. The Estate Surveyors and Valuers Registration Board ofNigeria (ESVARBON) incorporated the firm in 1980 with registration number A314. The firm is a well reputed and experienced firm of estate surveyors and valuers with approximately 32 years experience in practice.
2.1THE CORPORATE PROFILE OF MASSEY UDEGBE AND COMPANY.
As earlier stated Massey Udegbe and company is a firm of Estate surveyors and valuers, located at no 2A Montgomery road Yaba Lagos. The company has been in practice since 1980. The firm is registered with the relevant bodies and has over 15 permanent staff who are experienced in diverse ways. They are a special team of technocrats specially trained in both the valuation and management of properties, with a full complement of consulting Architects, Quantity Surveyors and Engineers. The firm maintains a good staff policy in terms of training, emoluments and incentives.
The firm is managed by a principal whose academic and professional training covers Estate Management (at first degree level) and construction management (at master’s degree level). He was listed in the first UNNA 200 distinguished alumni- a University Of Nigeria Alumni Association honor, honoringalumni who have distinguished themselves in their respective callings.
2.2 THE SIZE OF THE FIRM
From the foregoing, we could observe that the firm is obviously a medium one and of which it (Massey Udegbe and company) gives its clients the utmost satisfaction needed as its property manager.
MASSEY UDEGBE & COMPANY
2.3 SCOPE OF PRACTICE
Massey Udegbe and company is engaged in providing a whole range of property related services encompassed in the estate surveying and valuation profession.
Asset valuation: plant...