Investors have the opportunity to invest in the establishment of an agric mall and equipment leasing services in Kwara State, situated in central Nigeria.
Investment Opportunity
Agric malls are facilities where farming equipment and inputs are stored and made available for farmers to rent. The majority of farmers in Kwara State currently operate on a small scale basis and own little farming equipment of their own. The recent success achieved by the Zimbabwean commercial farmers and the prominence given to the sector by the state government has however created a fresh emphasis on commercial farming and many local farmers are looking at mechanising their operations.
There is a significant market for equipment hiring and good returns on investment are possible.
Farming inputs required
by local farmers 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 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 Investors interested in this project should contact Fela Ibidapo, Special Assistant to the Executive Governor, Kwara State (Investments) at infonigeria@gan.co.za
