We've invested N100m in Kwara Cashew Industry - Harmony Holdings

Date: 2017-11-02

Harmony Holdings Limited (HHL) has said a sum of N100m has been expended on the renovation of Kwara Cashew Processing Industry in order to ensure effective operation of the manufacturing company and boost the state economy.

The Head of Corporate Affairs of HHL, Mr Kayode Aremu said Kwara Cashew made the disclosure during an interview with Pilot Business recently. According to him, the company was not in operation for some years but was revived through massive renovation and expansion for smooth operations.

"Harmony Holding Limited has injected about N100 million in massive renovation, massive expansion and merger of some structure in the company so has to have an unhindered flow in the mechanical process of the production like washing and drying, so that all processes could be done under the same structure unlike before."

He explained that the company has been handed over to a private operator, Olam Nigeria Ltd to run, adding that it has been equipped with state-of-the-art equipment.

Aremu noted that the company is one of the few in existence in Nigeria, saying that the effort has brought about a multiplier effect on the state economy with the creation of about 600 jobs.

The development, he added, has brought about reduction in the rate of unemployment in the society, saying further that farmers too have benefitted immensely from the company by buying their crop.

"This has boosted the activities of farmers and transporters and directly will boost the tax generation of the state government," he noted.

He assured that other moribound subsidiary companies such as the Kwara Paper Converter, Erin-Ile under the management of HHL would be revived. He further disclosed that no fewer than 800 job opportunities would be created at the cashew processing company soon.

'The planned provision of bridge at Lafiagi by Harmony Holdings Ltd under the Phase II of its strategic plan will not only ease transportation across the River Niger, but will boost economic activities in the area, thereby enhancing the capacity of the citizenry, both economically and socially.

"The strategic aim of Harmony Holding Company is to complement the Kwara State Government in its on-going efforts at generating much needed employments for teeming youths in the State, and ultimately expand the economy of the State," he stated.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Alabi Olayemi Abdulrazak     Ramadan     Sarkin Malamai     Olokoba Abdullahi Ayinla     Olota Of Odo-Owa     Jimoh Lambe Abdulkareem     Basit Olatunji     Onikijipa     Michael Nzekwe     Benin Republic     Adama Isa     Yahaya Muhammad     Patience Jonathan     Daud Adeshola     Babatunde Idiagbon     Lanre Aremu     Ariyo     Akeem Lawal     Voices Of Tomorrow     Arca Santa     Yakub Lai Gobir     Bayo Mohammed Onimode     Moshood Mustapha     Umaru Saro     Otunba Taiwo Joseph     Shehu Salau     Ayotunde Emmanuel Alao     Akume     Assayomo     Ahmad Fatima Bisola     Kwara Polytechnic     Yusuf Abubakar     Sa\'adatu Modibbo-Kawu     Ibikunle Ogunleye     Bahago     Akanbi-Oke     Isapa     Elese Of Igbaja     IEDPU     International Aviation College     Onilorin     Maigidasanma     Shuaibu Yaman     Third Estate     Issa Manzuma     Kwara South     Micheal Imoudu     Abdulrahman Abdulrazaq     Temitope Ogunbanke     Maigida Soludero Transit     Millennium Development Goals     Read With Me     Www.Kwarareports.com     Abdulfatai Ahmed     Kwara Coalition Of Business And Professional Associations     Tsaragi/Share     Firdaos Amasa     Najim Yaasin     Atiku     Yomi Ogunsola     Ibrahim Abdullahi     Idofin     Biliaminu Aliu     Iyabo Adisa Ibiyeye     Mahee Abdulkadir     Hassan Saliu     Abdulmalik Bashir Mopelola Risikatullahi     IHS     Chief Imam Of Lafiagi     State Bureau Of Internal Revenue     Adekunle David Dunmade     Lafiagi     Pacify Labs     Ebun-Olu Adegboruwa     Jumoke F. Ajao     Just Event Online     Mary Kemi Adeosun    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Sola Saraki Educational Foundation     Abraham Ojo     Popo-Igbonna     Bareke     AbdulHakeem Ajibola Akanbi     Yahaya A Paniyaro     MAI Akande     Rex Olawoye     Abubakar Ndakene     Ahmed Saidu Rufai     Yakubu Mohammed Abdullahi     Balogun-Ojomu     Ibrahim Agboola Gambari     Omu-aran     Kayode Zubair     Dumagi     Oba Sulaiman Asude     Ahmed Shuaib Buranga     Bello Abubakar     Saliu Ajibola Ajia     Mahmud Ajeigbe     Baboko     Ayinke Saka     Kwara Primary Health Care Development Agency     Rachael Obisesan     Reuben Paraje     Bola Olukoju     Aasiyat Bello Oyedepo     Adam Abdullahi Al-Ilory     Henry Makinwa     Ilorin Innovation Hub     James Ayeni     Abdullateef Abdussalam     Galadiman Ngeri     Federal College Of Education (Special), Afon     Alaro     Ilorin International Airport     ITP     Kassim Babamale     Sun Qing Rong     Olaitan Adefila     Samuel Elizabeth Keatswa     Adijat Adebiyi     Abdulrahman Onikijipa     IDPU     Gbugbu     Muyiwa Oladipo Kanu     Magaji Erubu     Oja-Oba     MMWG     IEDPU     Samuel Adaramola     Tunji Ajanaku     Abdulfatai Baakini     Abdullahi Samari     Amuda Bembe     Hussein Olokooba     Taofik Mustapha     Ubandoma     SSA Youth     Salaudeen Oyewale     Omupo     Haleeman Salman     Abdullahi Adisa Akodudu     Saka Keji     Pategi     Hikmah AbdulKareem     Iliasu     Kwara     Bashir Badawi     Abdulraheem Olesin     TIC     Olaiya Lawal     Ballah     Baba Adini Of Kwara State     Government Girls’ Day Secondary School Pakata     Radio SBS