11 March 2021 by MATHEW AYOOLA
The Managing Director/Chief Executive of the Nigeria Export Processing Zones Authority, NEPZA, Prof. Adesoji Adesugba has described Kwara State as an investment destination for economic development.
Prof. Adesugba stated this after he took delivery of the Certificate of Occupancy for both the 500 hectares for the Medical Special Economic Zone and 276 hectares for Agro-allied Special Economic Zone in Ilorin.
The NEPZA Managing Director said the glaring improvement made on infrastructure in the state by Gov. Abdulrahman Abdulrazaq had increased the value of the state as a
magnetic investment destination.
He explained that history was been made with the take-over of the sites for the Kwara Special Economic Zones, stating that arrangements were underway to commence the development of the locations as both state-of-the-art medical and agro-allied hubs.
Prof. Adesugba explained that the medical zone would be home to world class hospitals and pharmaceutical industries while the agro-allied zone would serve as convergence spot for agricultural food chain where farmers, agro-allied investors and industries would reap the economic advantages associated with zone operation.
“Investment does not stay in the air, investment goes to destinations, investment looks for succor where it is most welcomed. Investment goes to where there is a will to support it. We have discovered that Kwara state seems to be a welcoming state that we can work with in terms of setting up of a special economic zone” He stated
According to him, the move must have been the contemplation of those who have been there before him and that of President Muhammadu Buhari who is supporting the industrialization of Nigeria and also ensuring that we who are the implementers do our jobs unhindered
“The vision of the president is to use the free trade zone scheme to fast track the industrialization of the country. Let me reiterate by saying that the opportunity to warehouse trade zone is open to all states of the Federation” Adesugba explained
“This is why Kwara state happens to be one of the six special economic zones we are supposed to start-off with. And today, we are happy to be here to start off with Kwara being the first three that we are working on this year” NEPZA Boss added
On his part, Kwara State Governor, Abdulrasaq said the importance of the zone scheme on economic emancipation could not be overemphasized, adding that the upcoming Kwara SEZs would accelerate infrastructural development and job opportunities for youths in the State.