SMEs

Investment Opportunity in Kwara State

 

Growth of Commercial Sector Infrastructure (III)
Continued from last Monday
Facilities that will be available at the truck plaza
Truck parking area
Fuel and service centre
Truckers Village
Clinic
Fire Station
Truck and bus washing bay
Bus and car parking area
Emergency tow service
Motels
Eateries and cafeteria facilities
Specific areas of the truck plaza where private-sector investment is required
Fuel and service centre
Motels and other accommodation facilities
Eateries and cafeteria facilities
Truck maintenance workshop
Main plaza
Firm Foundation for Investment
Kwara State offers excellent supporting infrastructure aimed at creating an environment that is conducive to investment and business.
Adequate Infrastructure plays a vital role to any investor looking to start a business. Basic physical and organizational structures are needed for the profitable and efficient operation of any commercial venture.
Kwara State has put in considerable effort to improve vital areas such as transport, power generation and distribution, water supply, information and communication technology (ICT) and the provision of healthcare services, to name a few, in order to provide a conducive environment for business. Despite the achievements, the current administration realises that a lot of work still needs to be done to bring its infrastructure up to world standards.
Power
Ganmo Power substation
Sufficient and reliable power supply is of utmost importance to anyone looking to do business in Nigeria. Kwara State has made significant progress in this regard by completing a new substation and improving distribution and transmission. The recent completion of the 330/1.32/33KV substation at Ganmo is a great success story. The state capital Ilorin currently enjoys close to 24 hours of uninterrupted power supply a day and businesses in the area hardly ever have to make use of generators, saving them a considerable amount of money. Because of the Ganmo facility, power supply in the state, which used to be between 30 and 40 megawatts per day, a typical scenario for most parts of Nigeria, improved dramatically to between 80 and 90 megawatts per day.
In the area of rural electrification, many remote areas and villages have received power, including the ‘New Nigerian Farmers’ in Shonga. To maintain the leverage that the state currently enjoys, the state government has begun to invest in a transmission and distribution programme. Contracts have already been awarded for the supply and installation of six 15MWA 33/11KV transformers. The state government is willing to provide adequate power supply to any new business investment in the state.
To be continued

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