The Kwara State Government is looking for investors to start with the manufacturing of fertiliser in the state.
Investment Opportunity
The current administration is placing a great emphasis on agricultural development to stimulate the economy. Kwara State has vast areas of arable land where a large variety of crops can be grown. The focus is especially on cassava, maize, rice, cow pea, soya beans and groundnut.
As the agriculture sector of Kwara State is growing by the day there is a high demand for fertiliser. All the fertiliser used in the state is currently being imported. The majority of Kwara State's 2.5 million population is dependant on agricultural activities for their livelihood. An immediate market for fertiliser therefore exists although there is also a high demand for fertiliser in the rest of Nigeria.
Reasons to Invest in Kwara State
Incentives: The Kwara State Government is willing to extend a number of incentives to serious investors. These include the provision of land and infrastructure, tax holidays and assistance with obtaining financing.
Labour: Kwara State is home to the well-respected University of Ilorin and construction of the new Kwara State University will soon be completed. Kwara State therefore has a large number of graduates that can be employed by companies investing in the state.
Cargo terminal: A new cargo terminal at the Ilorin International Airport will soon be completed and will allow for goods to be transported via air, both locally and internationally.
Power supply: Due to the recent completion of the Ganmo sub-station, the state capital, Ilorin, currently enjoys very close to 24 hours a day of uninterrupted power supply. Many business owners are delighted by the fact that they have to make very little use of generators.
Political will: The government of Kwara State is devoted to creating an enabling environment for business and investment. The state is also committed to continuity of policies which will ensure that an investor friendly environment remains even after the end of the current administration's tenure.
Investment insurance: Nigeria is a member of MIGA (Multilateral Investment Guarantee Agency) and the ICSD (International Centre for Settlement of Investment Disputes).
Contact Details Investors interested in this project should contact Fela Ibidapo, Special Assistant to the Executive Governor, Kwara State (Investments) at infonigeria@gan.co.za
