Multimillion Cashew Firm Begins Operation In Kwara State
The Kwara State Governor, AbdulRahman AbdulRazaq has reiterated the administration’s commitment to making the business climate more friendly for investments.
The Governor stated this while commending the establishment of a new multimillion-naira cashew processing factory in the state.
Governor AbdulRazaq said, “The agenda, among other things, is to make Kwara a hub for cashew nuts processing in Nigeria.”
The Governor was speaking in Ilorin, the capital city, during a working visit to the Annie Glidden Commodities (AG) Nig. Ltd at Eiyenkorin, a newly established cashew processing plant in the state.
Governor AbdulRazaq said; “My coming here is to encourage local investment. As you know, Kwara is a major producer of cashew nuts, and Nigeria is putting more interest in cashew processing. So it is a good thing to have a local production and ensure we export processed cashew nuts, rather than raw cashew nuts. So this investment is a major one. I think this is about the third major cashew company in the state,” he told reporters shortly after touring the facility.”
He said; “It is logical and will be more lucrative to have the cashew nuts processed locally for export than to ferry out the raw nuts. The government will leave no stone unturned to encourage all cashew processing companies in the state to thrive.”
Governor AbdulRazaq acknowledged the commitment of AG Commodities Nig Ltd to grow the local economy through their investment, and congratulated them on the start of operation, saying the administration is open for partnership.
He said; “Our vision is to have Kwara as the leading processor of cashew in Nigeria. So this is another step to come here and look at their investment and encourage the company, and to also see how the state can partner with the company to scale up the processes.”
The Governor stressed that Kwara would focus on agro-processing as a strategic roadmap to economic growth and prosperity.
“The government itself had approved the establishment of a shea butter processing firm in Kaiama local government area in the northern part of the state,” he added.
The Managing Director AG Commodities Nig Ltd, Ademola Adesokan, said they established the company in Kwara because of its strategic location in the cashew belt, its good road network, as well as the business-friendly policies of the government.
He said at least 120 people in Kwara have been engaged in the company for manual handling of the cashew nuts daily.
Mercy Chukwudiebere
