Mining companies are invited to consider the potential for gold mining in Kwara State, situated in central Nigeria.
Investment Opportunity
Nigeria's preoccupation with its oil industry has resulted in a grossly underdeveloped solid minerals industry. The present administration of Kwara State is actively promoting investment in the region and is committed to create a favourable environment for investment.
Currently there are no significant gold mining activities in the state and most miners only operate on a small scale. The Kwara State Government is advising prospective investors to partner with local miners already in possession of mining licenses.
Gold deposits are found in the Patigi, Moro, Baruten, Kaiama and Irepodun Local Government Areas of the state.
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 who 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.
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
