Kwara
Nigeria
Sector
Aquaculture & Mariculture
Investors have the opportunity to establish a fish farming business in Kwara State, situated in central Nigeria.
Nigerians are large consumers of fish and it remains one of the main products consumed in terms of animal protein. Only around 50% of demand for fish is currently being met by local supply. The fisheries sector is estimated to contribute 3.5% of Nigeria's GDP and provides direct and indirect employment to over six million people.
Kwara State has many rivers and water bodies which would serve as good locations to set-up fish farms. Opportunities exist in various areas of the fishing sub-sector, these include:
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.
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 opportunity should contact TradeInvestNigeria at infonigeria@gan.co.za
