Kwara
Nigeria
Sector
Agriculture & Agri-processing
Construction & Materials
Infrastructure
The industrial processing of cassava in Nigeria holds much potential for successful investment. The crop is increasingly attracting attention and processing businesses are slowly starting to spring-up all over the country.
Cassava can be processed into a number of products such as starch, flour, chips, ethanol and glucose syrup, to name a few. These products are all in high demand locally and also have significant export possibilities.
Investment Opportunity
Kwara State, situated in central Nigeria, is a promising location for cassava-related industries because of its suitable climate, the abundance of cassava already cultivated in the state, its proximity to Lagos and Abuja, and the newly constructed cargo terminal at the Ilorin International Airport.
The Kwara State Government is inviting local and foreign investors to establish cassava processing industries in the state. Such projects will involve the planning, construction, installation of equipment and operation of the facility.
Investors have the option to engage in the growing and processing of cassava, or to buy the crop from local farmers and only concentrate on processing activities.
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: infonigeria@gan.co.za
