Kwara State and FCMB Collaborate to Boost Business Environment

Date: 2024-06-11

According to a news report from The Nation, the Kwara State government is partnering with First City Monument Bank (FCMB) to improve the ease of doing business across the state under the World Bank-funded State Action on Business Enabling Reforms (SABER) programme.

The SABER programme aims to foster public-private partnerships, drive investments, enhance land and tax administration, and develop infrastructure.

To ensure successful implementation, Kwara State and FCMB jointly organised a workshop in Ilorin focusing on the Framework for Responsible and Inclusive Land-Intensive Agricultural Investments (FRILIA).

The workshop, attended by government officials, farmers, community leaders, and agribusiness stakeholders, addressed the social and environmental aspects of land allocation, promoting climate-smart farming practices and protecting the ecosystem in line with global best practices.

The state Commissioner for Finance, Mrs. Hauwa Nuru, described the adoption of SABER and FRILIA as a significant milestone for the state, highlighting the commitment of Governor AbdulRahman AbdulRazaq's administration to sustainable development.

Mrs. Nuru stated: “Our goal is to improve agricultural practices by elevating land-intensive agricultural investments in Kwara State to international standards, ensuring long-term benefits for future generations. We will explore the framework, including strategies for valuation, resettlement, compensation, community needs, food security, successful models, regulatory frameworks, and support mechanisms. Leveraging our extensive land resources, we are committed to driving sustainable economic development.”

Managing Director/CEO, FCMB, Mrs. Yemisi Edun, reaffirmed the bank's commitment to fostering inclusive and sustainable growth in communities across Nigeria by building a supportive ecosystem that connects people, capital and markets.

She said: “The SABER fund and FRILIA will promote harmony, attract investment to Kwara State, create jobs and wealth, reduce rural-urban migration, and ensure prosperity for individuals, communities and the nation. We commend the State Government for progressing in advancing reforms and for meeting the stringent criteria set by the World Bank and the Federal Government to benefit from the fund.”

Dr. Paul Adepelumi, a World Bank Technical Advisor, said the FRILIA framework, a key component of SABER, ensures that land acquisition and resettlement for large-scale agribusiness investments align with international best practices. It guarantees shared benefits between private investors and communities, creating an enabling business environment and improving the agricultural value chain through proactive management of environmental and social impacts.

 


Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Alaro     Olaiya Victor Mobolaji     NIRSAL     Okedare     Afolabi-Oshatimehin Adenike Harriet     Idris Amosa Oladipo Saidu     Ilorin Curfew     Ajikobi     Saduki Lafiagi     Monthly Sanitation Exercise     Afolasade Opeyemi Kemi     Modupe Oluwole     Ayinke Saka     Adesoye     Imam Gambari     Abubakar B.M     Dan Masanin     Danhawa     Abdullahi AbdulMajeed     Academic Staff Union Of Universities     Binta Abubakar Mora     Women For Change And Development Initiative     John Kehinde Salako     Abdulrazaq Solihudeen     Gani Saadu     Shuaibu Yaman     Samuel Elizabeth Keatswa     Ariyo     Abdullahi Samari     Towoju     Ayinde Oki     Dairo Kunle Paul     Toyin Olayinka Tejidini     Tsaragi     Oloje     Sabi     Nigeria Computer Society     Kola Adesina     Kayode Zubair     Kwara State Fish Farmers Association     Abdulazeez Arowona     Alagbado     Olaitan Adefila     Onilupeju Of Ilupeju     NIPR     Olusegun Adeniyi     Agbarigidoma     UITH     Rafiu Ajakaye     Esuwoye     Oyelere Oyinloye     Lanre Aremu     Abubakar Lah     HYPPADEC     Toun Okewale-Sonaiya     3MTT     Kwara 2015     AbdulQowiy Olododo     Shero     Lotus Bank     2023 Elections     Osuwa     Suleiman Ajadi     Ibrahim Issa Jetti     Yakubu Gobir     Muyideen Ajani Bello     Quran     Tunde Akanbi     KWACOBPA     Moro     First Lady     Abdulganiyu Salahudeen     Kayode Alabi     Ubandawaki     Malete     Hussein Olokooba     Simeon Sayomi    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Sunday Otokiti     James Kolo     Baba-Isale     Ajase-Ipo     Joshua Adeyemi Adimula     Kwara Apc     Bamikole Omishore     Abdullahi Imam Abdullahi     Oko Erin     Dauda Adesola     Osinbajo     Mansurat Amuda-Kannike     Hakeem Idris     Ilorin Metro Park     Ilesha-Baruba     Bola Ahmed Tinubu     Galadiman Ngeri     Haruna Tambiri Mohammed     Tunji Moronfoye     Aasiyat Bello Oyedepo     Awili Pedro     ITEM 7     Idowu Aremu     Toun Okewale-Sonaiya     Abiodun Jacob Ajiboye     Na\'Allah     Bello Bature     Onilu     Sulu Babaita Isiaka     Zaratu Umar     Dunmade     Agbarigidoma     Omoniyi Ayinla     ER-KANG     Chief Of Staff     National Information Technology Development Agency     Kwara State Television     Aliyu Salihu     Special Agro-Industrial Hub     Haruna Olawale Sulaiman     Pakata Development Association     Jumoke Monsura Gafar     Ile Arugbo     08001000100     Usman Alkali Baba     Ahmad Fatima Bisola     Michael Nzwekwe     Ifelodun     Tafida Of Kaiama     Simeon Sule Ajibola     Chartered Institute Of Personnel Management Of Nigeria     Trade Lenda SME Fair     Ahmed Saidu Rufai     Suleiman Alege Kuranga     Amosa     Oniyangi     Bello Abubakar     Government Girls’ Day Secondary School Pakata     Bayer Nigeria Limited     Saadu Gbogbo Iwe     Deji Ajani     Mamatu Abdullahi     Saad Belgore     Yakub Ali-Agan     Bola Sagaya     Erubu     Khadijat Ayoola Yusuf     Muhammad Yahya     Ibrahim Taiwo Road     Asa     Zulkifli Ibraheem     Otuka     Abubakar Bature Sulu-Gambari     Raliat AbdulRazaq     Yahaya Oloriegbe     NIRSAL     Abdulrasheed Lafia