Kwara
Nigeria
Sector
Energy
Utilities
Investors with strong credentials in the energy sector have the opportunity to invest in power generation and distribution in Kwara State.
Investment Opportunity
Kwara State needs around 100 megawatts of electricity but is currently receiving less than this despite some commendable work done by the state government. The administration recently completed the Ganmo substation which has greatly improved power supply in the state. In addition, significant progress has also been made to boost rural electrification although this is still a work in progress.
In an effort to further enhance energy provision in the state, private investors are invited to submit proposals for investment in
the areas of power generation and distribution. Investment in renewable sources such as solar power is also encouraged.
Other opportunities include:
• Investment in renewable sources such as solar power.
• Provision of energy efficient lamps
• Power infrastructure maintenance
• Coal-fired power generation
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 who 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.
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
