June 11, 2009

Kwara partners BoI on job creation

By Demola Akinyemi

Ilorin — THE Kwara State government, in partnership with Bank of Industry (BoI), has secured a loan of N750m to create job opportunities and generate massive employment for residents in the state.

Special Adviser to the Governor on Economic Development, Mr. Demola Banu, disclosed this in an interview with journalists in Ilorin yesterday.

The Governor’s aide urged residents with viable business proposals and great potentials to visit the Ministry of Industry and Solid Minerals where the bank has a liaison office.

He noted that appropriate advice would be given after which such proposals would be forwarded to the bank for disbursement.

Banu said of the total loan, the state government contributed N250 million while the bank contributed the rest, adding that the interest rate has been pegged considerably to allow the proposed business stabilise, thereby achieved the purpose it was designed for.

He also said economic activities in the state would step up in the next couple of days as N18 billion of the N30 billion bond secured by the state government would be disbursed.

Demola reiterated that the bond was meant to fund the truck terminal, aviation college, cement factory, commercial farming, Asa dam mixed use, poultry, diagnostic centre, the new secretariat, irrigation, water project and the state university among others.

He urged the people of the state to continue to support and encourage the present administration under the leadership of Dr. Bukola Saraki in his bid to make Kwara a model state.