Investment: Kwara Govt Strikes Partnership Deal With Nigerian Export-Import Bank
I’m delighted to announce that the Kwara State Government has successfully struck a partnership deal with the Nigerian Export-Import Bank towards facilitating export-related industrialisation and investment promotions around local resources in the state.
I signed the deal for the state government on Monday in Cairo, Egypt, on the sidelines of the Intra-African Trade Fair (IATF) while NEXIM was represented by its Managing Director Abba Bello.
Attended by over 4,000 delegates, exhibitors, and industry leaders, the IATF is the marketplace for the Africa Continental Free Trade Area (AfCFTA), the largest free trade area which brings together African nations of the African Union and eight regional economic communities to create a single market for the continent.
This new deal will qualify Kwara and private exporters of non-oil commodities operating in it for State Export Development Funds and other supports upon fulfilment of relevant terms.
NEXIM will also be offering financial and export advisory services, which may include working out financing arrangements, and investment mix as well as facilitating export market off-take, especially for SMEs and businesses related to women and youth empowerment.
Our administration has invested in different projects and adopted policy initiatives that seek to diversify the local economy, including the reduction of the telecom right-of-way from N5,500.00 to N1.00. This policy initiative has yielded significant results for the state. Some 500 kilometres of fibre optic cable have been laid as a result. This has tremendous impacts on internet penetration and connectivity.
The deal signing was witnessed by members of the Kwara State delegation, including Kwara State House of Assembly Speaker Rt. Hon. Yakubu Danladi-Salihu; Commissioner for Communications Hon. Bola Olukoju; Commissioner for Business Innovation and Technology Hon. Damilola Yusuf-Adelodun; and Commissioner for Solid Minerals Abdulquawiy Olododo.
AbdulRahman AbdulRazaq CON
Governor, Kwara State.
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