Kwara Seeks Economic Diversity

The Kwara Government has advocated economic diversification with increased support for entrepreneurs, SMEs and private institutions creating jobs and giving back to the society.

Gov. AbdulRahman AbdulRazaq made this appeal on Wednesday at the official launch of the Lotus Bank, Ilorin branch.

Represented by His Deputy, Mr Kayode Alabi, the governor described the decision to site the branch in Ilorin as quite strategic.

He said to revamp the state’s economy, entrepreneurs must be treated as catalysts for social and economic development.

“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.

He expressed gratitude to th3 bank for siting its first North Central branch in Ilorin.

The Managing Director and Chief Executive Officer of the bank, Hajia Kafilat Araoye, said 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, especially small and medium enterprises.

Lotus Bank is a non-interest indigenous bank deeply rooted in ethical banking, and committed to ethical investing and ethical prosperity. (NAN)