Kwara targets $30bn global shea butter market

Going by the dwindling revenue allocation from both the internally-generated revenue and the Federation Accounts, Kwara State Government is moving towards exploration of natural endowments and agricultural production for an improved industrialization.

The state government has approved N3.6 billion for the establishment of an industrial park and shea butter processing factory in the State in order to engage in the production and processing of shea butter for local consumption and exports as part of move to have a better share in the $30 billion global shea butter market.

The Governor Abdulrahman Abdulrazaq-led State Executive Council also approved the purchase and installation of high-end, fit-out equipment and machines for the ongoing Sugar factory studios in Ilorin, the State Capital, awarded to POV Studios Limited at the cost of N420,250,000.

Speaking on the efforts made by Government to further industrialise the State, Saddiq Buhari, Commissioner for Communications, declared that the Kwara State Executive Council had approved the establishment of a shea butter processing factory in Kaiama and an industrial park at Eiyenkorin in Asa Local Government Area of the State.