Number of Kwara's functional firms grew by 87.5% under us: Abdulrazaq

Date: 2022-08-12

Kwara State Governor AbdulRahman AbdulRazaq on Thursday said the local economy has recorded huge gains over the last three years of his administration, with the number of active companies in Kwara growing from just 41 in 2019 to 77 in 2022, representing an impressive 87.5 percent increase.

Quoting a data from the Kwara Chambers of Commerce, Industry, Mines and Agriculture, the Governor commended the business community for their strategic partnership with the government and said the rise is a tribute to the efforts of the administration to bring inclusive growth to Kwara and make life more worth living for its people.

He spoke in Ilorin, the state capital, at the Annual General Meeting and commissioning of the secretariat of the Manufacturers' Association of Nigeria (MAN) whose resilience the Governor commended.

AbdulRazaq said the growth in the number of functional firms has positive impacts on the standards of living of the people of the state.
The government has curbed double and digitised many of its processes to improve land administration and other business transactions with positive outcomes for industrial growth in the state, AbdulRazaq said.

"From just 41 firms in 2019 to 77 in 2022, the percentage of functional companies in Kwara has grown by at least 87.8% over the last three years,” he said.

"From just four skeletal flights in 2019, we now have some 12 flights every day to and from the state capital, Ilorin. Notwithstanding the national economic challenges, I'm impressed by the resilience and consistent growth of the Kwara economy.

"As of July 19, 2022, we had just 15 C of O waiting for printing, with just 46 R of O and 15 Assignments also awaiting printing. Otherwise, we have ensured that the government's processes are done expeditiously. We are similarly working on other proposals to improve the business climate in Kwara."

AbdulRazaq said the rising inflation and security challenges in the country are surmountable with everybody playing their best roles, reiterating his administration's resolve to continue to assist the business community in the State.

He said the government's commitment is evident in its ease of doing business campaigns and infrastructural development across the state, as well as its efforts to minimise communal conflicts and strengthen security of lives and properties.

National President, Manufacturers Association of Nigeria (MAN), Engr Mansur Ahmed, who described MAN as the backbone of economic development and sustainable growth, appreciated the efforts of the AbdulRazaq administration to improve the business climate in Kwara State.

"I have no doubt that (Your Excellency is) aware of the position and significance of the manufacturing sector in our economy. I am aware that you have indeed done a lot for the past three years to improve the environment for investors and particularly those in the manufacturing sector. I would like to use this opportunity to thank you for this," he said.

"Manufacturing sector is the backbone of any economy. Because it is a sector that provides and sustains wealth creation. It is a sector that provides jobs on a continuous and sustainable basis and it is a sector that drives capacity building and improves economic resilience."
He assured the Governor of the association's continued partnership to encourage industrial growth in the State.

MAN's Chairman for Kwara/Kogi States branch, Pharmacist Bioku Rahman, in his welcome address, appreciated the government for its giant strides and for creating an enabling atmosphere to grow businesses through the creation of Ease of Doing Business Council and other business-friendly policies in the State.

"Your Excellency, your decision to grace this event symbolizes your recognition of the manufacturing industry as a key driver of our economy in Nigeria,” Rahman said.

"Your government has also displayed this in policy advancement, including the inauguration of the Ease of Doing Business Council in Kwara State, and the decision to co-opt MAN into the expanded caucus of the Council.”

The event was attended by creme de la creme in the Kwara business community, including the KWACCIMA President Alhaji Olalekan Fatai Ayodimeji and top industrialist Alhaji Kamoru Yusuf.

Rafiu Ajakaye
Chief Press Secretary to the Governor
August 11, 2022

 

Cloud Tag: What's trending

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

Olohungbebe     Joseph Bamigboye     Maimunat Oloriegbe     Oke-Oyi     Post-utme     Ashiru     Abdulrahman Onikijipa     Sun Qing Rong     Moshood Kashimawo Abiola     JMK Construction Company Limited     Ahmad Ali     Mufutau Olatinwo     Sunday Fagbemi     Kwasu     Issa Oloruntogun     Aisha Gobir     Sarah Jubril     Olokoba Abdullahi Ayinla     Moronfoye     Abdulmajeed Abdullahi     Sheu Ndanusa Usman     Toyin Olayinka Tejidini     Elerinjare-Ibobo     IPSAS     Otoge     Kwara Liberation Group     Busari Alabi Alausa     Razak Atunwa     Share/Tsaragi     Charcoal     Iyabo Adisa Ibiyeye     Babaita     Amina Susa\'a De Ahmed     Dagbalodo     Opaleke Bukola Iyabo     Suleiman Abubakar     Ajakaye     Odogun Olushola Gabriel     Kayode Oyin Zubair     Smart School     Bello Oyedepo     Alanamu     Okin High School     Col. Adedipe     Afolayan     Okin Group     Admiralty Villa     General Hospital, Ilorin     Minimum Wage     Laduba     Iyaloja-General     Towobola Abdulrahman Toyin     Oke-Ode     Earlyon Technologies     Kawu     Sulyman Atolagbe Alege     Mumini Ishola Hanafi     Gbadeyan Gbadura Yomi     Ali Ahmad     Sulu Gambari     Ilorin Airport     Kwara Metro Park     FERMA     Tunde Akanbi     Falokun-Oja     Olatunde Jare     Elesie Of Esie     Kwara Apc     Sai Kayi     Kayode Alabi     Doyin Awoyale     Aishatu Ahmed Gobir     Sabi     Ganiyu Taofiq     Kola Bukoye     Orisa Bridge     Bashir Adigun    

Cloud Tag: What's trending

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

Michael Nzekwe     Gbugbu International Market     Mope Dasuki Belgore     Moses Rahman Popoola     Kolawole Akande     Ibrahim Issa Jetti     Opolo Global Innovation Limited     Yemi Osinbajo     Kazeem Gbolagade     Ajibola Ademola Julius     Isaac Gbenle     Kpotum Mohammed Baba     Women Radio     Harafat E. Mukadam     Undergraduate Bursary     Yusuf Olaolu Ali     Ridwan Agboola     Saadu Yusuf     Volunteers Of Ilorin Community And The Emirate     Abubakar Ndakene     Borgu     Oba Sulaiman Asude     Centre For Peace And Strategic Studies     2017 Budget     Sarah Alade     Zulkifli Ibraheem     Suraj Tunji Oyewale     Third Estate     Muhammad Ghali Alaaya     Kwara State Branch Of The National Library     Dorcas Afeniforo     Kwara Politics     Abdulquowiyu Olododo     Otuka     Joseph Bamigboye     Garba Ayodele Wahab     Voices Of Tomorrow     General Hospital     Jumoke Monsura Gafar     Ayodele Olaosebikan     Saliu Tunde Bello     Coronavirus     Quranic Recitation Competition     Special Adviser On Digital Innovation     Raji Ayodele Kamaldeen     Raimi Iyanda     Kehinde Boyede     Muhammed Danjuma     Mahmud Ayinla Giwa     Aminat Ahmed     Senior Special Assistant On Student Affairs     Simeon Sayomi     Tunji Arosanyin     Roheemat Hammed     SSA Youth Engagement     John Kehinde Salako     Elections     Baakini     John Olobayo     HYPPADEC     Bayo Ojo     Nigeria Governors\' Forum     Muhammed Aliyu     UNILORIN Alumni Association     Umaru Saro     Kwara State Printing And Publishing Corporation     Lucky Omoluwa     Hassan A. Saliu     Yusuf Abdulkadir     Saraki     Yusuf Arowosaye     Maigidasanma     Isiaka Abdulrazak     Amos Bajeh     Jaiz Bank     Ahman Pategi University     Edu