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Kwara Seeks Economic Diversity

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The Kwara State Government has again encouraged diversity of the economy with increased support for entrepreneurs, SMEs, and private institutions that are creating jobs and giving back to the society.

Kwara State Governor AbdulRahman AbdulRazaq stated this today at the official launch of the Lotus Ilorin branch of the bank.

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Represented by His Deputy, Mr Kayode Alabi, Governor AbdulRazaq said, ‘the decision to site this branch here is quite strategic.

“This is so because Kwara is peaceful, and our people are very hospitable. Besides, the strategic location of our state, the investment we have made in sustaining peace and harmony, as well as our efforts to jump-start critical infrastructure make Kwara the next investment haven in the country.

“Apart from reviving basic facilities across the state, we are making bold investments in signature projects like the Ilorin International Conference Centre, Dolby-studio fitted Visual Arts Centre, Innovation Hub Garment Factory, and access roads that would reduce travel time, among others”, he said.

The Governor expressed gratitude to Lotus Bank for locating its first North Central branch in Ilorin, the state capital.

In her remarks, managing director and chief executive officer of Lotus bank limited, Hajia Kafilat Araoye, stated that the choice of Ilorin is an expression of eagerness to identify with the aspirations of both government and people of the state.

She assured that the bank is positioned to support the real economy and especially small and medium enterprises, which she added is the engine room of all economies across the globe.

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