Investors have the opportunity to invest in cement production in Kwara State, situated in central Nigeria. Due to Nigeria’s construction boom there is a large cement shortage in the country. Investors will therefore not be short of a market for cement.
Investment Opportunity
The Kwara State Government has conducted a full feasibility study on cement production in the state. The study, available for investors, found that a cement production facility has the potential to be very profitable. The state has abundant deposits of limestone in Morai, Oreke, Owakajola, Elebu and Lanwa. Gypsum is also found in various areas.
The Kwara State Government will support investors through the granting of tax holidays, the provision of adequate infrastructure (energy, roads, water) and security, as well as facilitating access to financing.
Reasons to Invest in Kwara State
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.
Location: Kwara State is close to Nigeria's capital Abuja and its commercial hub Lagos. The Ilorin International Airport has recently been renovated and a trip from Lagos or Abuja is a mere 50 minute journey via air.
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.
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
