Kwara State has secured at least two foreign direct investments valued at $35m, reflecting Governor AbdulRahman AbdulRazaq’s commitment to driving industrialization and economic expansion in the state.
Sun Qing Rong, team lead of ER-KANG Company Limited, disclosed that the company has completed and officially launched its $20m lithium processing factory, in line with the state government’s policy of promoting value addition and strengthening local manufacturing capacity.
He explained that the company currently employs more than 300 workers, most of whom are indigenes of Kwara State, and noted that the facility processes lithium into finished materials rather than exporting the mineral in its raw form without added value.
Rong also revealed that the firm is establishing a pharmaceutical manufacturing company in Kwara State with an investment exceeding $15m. He added that ER-KANG will partner with the state government in the development of the industrial park.
“This is one of the fruits of the meeting that we held with Your Excellency in Beijing about two years ago. Today, we have completed the lithium plant and it is up and running. And this year, we are starting the pharmaceutical company with the help of Your Excellency,” he said.
“The factory will include two phases of construction for large infusion and small volume injection workshops, which will make up for the shortage of such products in the Nigerian market. At present, the relevant preparatory work is basically completed,” he said.
He praised Governor AbdulRazaq for creating an “outstanding investment environment for foreign investors like us,” adding that the company upholds a strong sense of social responsibility within its host communities.
Governor AbdulRahman AbdulRazaq expressed delight over the investments, stating that they would generate employment opportunities, facilitate technology transfer, and stimulate the state’s local economy.
“We are willing to support you and others to invest more in our state,” he said.
Members of Rong’s delegation at the meeting included the company’s legal adviser, Barrister Ibrahim Atanda; Project Architect, Arch. Sayi Yekeen; Quality Control Supervisor, Shuai Hai Tao; Factory Manager, Cao Zheng Hai; Pharmaceutical Manager, Xie Chuan Li; and Administrative Manager, Mi Guang Hua.
The Governor was accompanied at the meeting by the Special Adviser on Special Duties, Alhaji AbdulRazaq Jiddah.
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