CHAPTER ONE
INTRODUCTION
GENERAL BACKGROUND TO THE SUBJECT MATTER.
The study intends to survey the possibility of establishing a laundry and dry cleaning industry in to IMT. The institute of management of technology (IMT) Enugu is one of the first three post secondary technical institution set up between 1948 and the early seventies since its founding from the merging of the former college of Technology and the Institute of Administration in July 1st 1973 by government edicts No 10 to assume the present name of the institute of management and technology (IMT) Dr. Ukwu I. Ukwu was appointed the first chairman of council and it had professor M.O Chijioke as the first Rector. In October 1974 the institute opened its doors to student and 550 students were admitted in addition a 300-second year students inherited from former college of Technology making a total of 880 student. The institute is organized in schools and Department.
The convocation of the institute was held on 16th October 1976 and about 900 graduates received Diplomas licentiates and higher Diploma. At present the school has grown boat in size and frame. It has eight academic school and thirty-six academic departments and also has the administrative decision namely the Rectory. Registry, Bursary estates and works and library as well as medical service center with full time medical need of student and staff. All these expansion of the school require capital. The saying goes success is not found by stiffiing the ashes of the past, but by being among the first to explore and cultivates the fertile of the further Arnold Glassgow 1978 the institute engaged in a number of consultancy services and projects aimed at generating revenue internally also the IMT management has constructed number of canteen’s and store which they rented out to people and this generated fund to the institute these help in alleviating outside to buy their goods and services. Further more, the institute launched endowment funding during its 16th convocation ceremony and out of one hundred million Naira was realized Emma Igwe may 1992.
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