By Dayo Adelabu
Kwara State has secured two major foreign investments valued at about 35 million dollars, boosting industrialisation and economic growth under Governor AbdulRahman AbdulRazaq.
The Governor expressed satisfaction with the projects, highlighting that they will create jobs, promote technology transfer, and stimulate the local economy.
He assured investors of the state government’s continued support.
Leading the investors, Sun Qing Rong of ER-KANG Company Limited, said the company has completed and commenced operations of a 20-million-dollar lithium processing factory in Kwara State.
The facility employs over 300 workers, mostly Kwarans, and focuses on processing lithium into finished materials for value addition.
Mr. Sun also announced plans to establish a pharmaceutical company worth over 15 million dollars in the state this year.
The plant will produce infusion and injectable products to help address shortages in the Nigerian market and will partner with the state government on the proposed industrial park.
He noted that both projects stemmed from discussions held with Governor AbdulRazaq in Beijing two years ago, commending the Governor for providing an investment-friendly environment.
Governor AbdulRazaq described the developments as a major milestone for Kwara’s economic and industrial growth, promising continued support for initiatives that create jobs and strengthen the state’s economy.
The investments are expected to significantly enhance local production capacity, generate employment, and attract further foreign direct investments into Kwara State.
