Kwara State has recorded at least two foreign investments valued at $35m, a development that underscores Governor AbdulRahman AbdulRazaq’s push for industrialisation and economic expansion in the state.
The team lead of ER-KANG Company Limited, Sun Qing Rongb, said the firm has concluded and flagged off its $20m lithium factory, in line with the government’s policy to promote value addition and strengthen local manufacturing capacity.
He said the firm currently has over 300 employees, most of whom are Kwarans, noting that the plants process lithium into finished materials instead of exporting it in raw form without any value addition.
He said the firm is also establishing a pharmaceutical company in Kwara State worth more than $15m, adding that it will also partner with the state government on 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 commended the governor for providing “outstanding investment environment for foreign investors like us”, adding that his firm operates with a strong sense of social responsibility within its host community.
