Home Economy Kwara targets N200b CBN innovation fund

Kwara targets N200b CBN innovation fund

by CredibleNews

Governor AbdulRahman AbdulRazaq said Kwara State would explore opportunities offered by the N200 billion set aside by the Central Bank of Nigeria to promote innovative ideas and entrepreneurship.

AbdulRazaq said the fund would be used to establish innovation hubs for movie production and textile manufacturing.

“We are talking with the CBN on the innovation hubs and I am glad to inform you that our proposal to access the fund is receiving favourable ratings.N When these hubs are created, they would generate at least 2,000 jobs in the area of movie production and textile designs,” AbdulRazaq told a delegation of Kwara Youth Centre, KYC, who visited him in Ilorin.

KYC is an umbrella body of young people, especially professionals, who research the challenges confronting various communities and offer short and long term solutions or interventions.

The governor said the hubs would attract European and Chinese firms and lead to technology transfer to indigenous workers.

The governor said he envisions a state where government would build the right environment for individuals to create wealth and employment rather than anyone relying exclusively on government to give them jobs even as he restated his commitment to  promoting agricultural, especially in the area of cashew and sugarcane.

The governor noted that Kwara would pay counterpart funding to access funds set aside by the federal government and multilateral institutions to drive growth at the grassroots, especially in the area of education and provision of basic amenities.

Referring to his meeting with the Directors of Personnel Management, DPMs, in local government areas whose executive and committees were suspended, AbdulRazaq said he would pursue e-governance to fast-track development.

“I told the DPMs that anybody who wants to work with government must be computer literate. We have to do things differently. We have got to run an efficient government,” he said.

Convener of KYC, Kayode Oyin-Zubair urged the governor to focus on empowering youths, establish economic clusters for different categories of entrepreneurs, artisans and the creative sector as well as open up Kwara with access roads, saying it is the only way to boost agriculture and other initiatives of the administration.

The governor inducted the KYC as an advisory board to government.

Meanwhile, the governor has directed DPMs in local government counculs to take charge following the suspension of the executive and legislative committees and warned them against mismanagement of public funds, adding that his administration would deal with defaulters.

AbdulRazaq also said his administration would henceforth refer any case of ghost workers to the Economic and Financial Crimes Commission.

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