textile, CBN

The Kwara State Government is set to create innovation hubs that will generate at least 2,000 jobs in the manufacturing sector.

According to the State Governor, Alhaji Abdulrahman Abdulrasaq, innovation hubs will be established in the area of high-end movie production and textile manufacturing.

While receiving the delegation of Kwara Youth Centre (KYC); an umbrella body of young people who offer solutions to challenges in various communities, Abdulrasaq said the state is seeking to benefit from the N200 billion intervention fund of the Central Bank of Nigeria (CBN) that had been set aside to promote entrepreneurship.

The governor disclosed that the proposal has been sent and talks had reached an advanced stage for the state to be considered for the funds.

“We are talking with the CBN on the innovation hub and I’m glad to inform you that our proposal to access the fund is receiving favorable ratings. When these hubs are created, they would generate at least 2000 jobs in the area of movie production and textile designs,” He said.

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Why this matters: The hubs would attract European and Chinese firms and lead to technology transfer to the indigenous workers, as stated by AbdulRazaq. It will also be a huge factor in driving growth in the grassroot by giving room for the greater potential of a wider product range especially in textile manufacturing.

The governor stated that he envisions a state where government would create the right environment for individuals to create wealth and employment rather than anyone relying exclusively on the government to give them job.

According to him, this is why he is committed to agricultural value chains, especially in the area of cashew and sugarcane.

Coronation Research

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