Kwara, Islamic Development Bank Ink $57.2m Deal to Revolutionise Livestock Sector
The Kwara State Government has entered a strategic partnership with the Saudi Arabia-based Islamic Development Bank (IsDB) to channel a $57.2 million investment into an agricultural transformation initiative. The project aims to enhance livestock production and rural development, focusing on beef and dairy processing infrastructure.
Dr. Busari Isiaka, State Coordinator of the Special Agro-Industrial Processing Zone (SAPZ), confirmed the collaboration during a press briefing in Ilorin on Thursday. He outlined that the funding will establish critical infrastructure to support both investors and local farmers, streamlining value chains in the livestock sector.
Highlighting the initiative's significance, Dr. Isiaka noted that Kwara's Governor, AbdulRahman AbdulRazaq, has become the first sitting governor to chair a steering committee for such a project, underscoring the administration's commitment to agricultural innovation.
“To understand the importance of this project, it is a five-year initiative with joint funding from the state government and IsDB.
“While other states in the federation receive support from the African Development Bank, Kwara is pioneering this collaboration with the Islamic Development Bank,” he said.
He further highlighted that Kwara demonstrated early commitment by swiftly paying its counterpart funds, making it the first state to fulfill its financial obligations.
“This prompt action has enabled significant progress on the project.
“The initiative primarily focuses on improving agricultural infrastructure, particularly in the livestock sector, with the core objective of enhancing the livelihoods of rural communities.
“The SAPZ project will prioritise youth and women while promoting food and nutritional security.
“It is designed to provide sustainable solutions for livestock farmers by ensuring access to modern processing facilities,” he added.
Dr Isiaka also stated that the project was being implemented in five local government areas– Ifelodun, Kaiama, Baruten, Asa, and Moro.
He explained that it would feature Agricultural Transformation Centres.
“Here, local farmers can process raw materials such as milk before transporting them to an agro-industrial hub in Malete, Moro Local Government Area, for further processing into dairy products like yogurt and cheese.
“The beef value chain will also be integrated into the project, with necessary facilities to support meat processing.
“To ensure smooth execution, we conducted extensive environmental assessments and community consultations.
“We have profiled over 5,000 beneficiaries, ensuring that the infrastructure meets their needs, including access to potable water,” he said.
According to Isiaka, the project is currently in its design phase and is expected to transition into full infrastructure development later this year.
He also revealed that the state government had engaged consultants to attract both local and international investors to the project.
“The goal of the Special Agro-Processing Zone (SAPZ) is to reduce agricultural wastage and enhance value addition.
“Kwara is positioning itself as a leader in livestock processing, and this initiative will ensure that our farmers benefit immensely,” he said.
(NAN)
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Hijaab Ile Arugbo Modibbo Kawu T And K FOODS Ishola Balogun Fulani Balogun Gambari Sa\'adu Gambari Kwara Primary Health Care Development Agency Muhammad Akande Olarewaju Odunade Aliyu Olatunji Ajanaku Abdulganiy Abimbola Abdussalam Abubakar Baba Sulaiman Tsaragi-Share Olumide Daniel Ibitoye Mohammed Ibrahim Special Adviser On Digital Innovation Muhammed Taofeeq Abdulrazaq Kwara State Television Halimah Perogi Wahab Isa Olatinwo General Tunde Idiagbon International Airport Ogidi-Oloje Popo-Igbonna Gabriel Fashanu Oba Abdulkadir La\'aro Toun Okewale-Sonaiya Hausa Niyi Ogundiran Amada Jidda Ilorin West/Asa Federal Constituency ASMAU PLAZA Sheikh Ariyibi Kwara Liberation Group Kwara Poly Akeem Olatunji Ileloke Bluenile Associates SWAN Abdulazeez Arowona Toyin Olayinka Tejidini Abdulsalam Firdaous Amosa Abdulrazaq Sanni Hassan Abdulazeez Elewu Wahab Femi Agbaje Kwara Metro Park Zainab Abass Magaji Erubu Olofa Of Offa Aliyu Muhammed Village Alive Development Association Mamman Saba Jibril BECE Barakat Community Secondary School Abubakar Suleiman Shade Omoniyi CACOVID Muhammad Mustapha Suleiman Chartered Institute Of Personnel Management Of Nigeria Omotoso Musa KWASEIC Societe Generale Bank Of Nigeria JMK Construction Company Limited Bashir Omolaja Bolarinwa Student Learning Support Helpline Surajudeen Akanbi SDP Segun Ogunsola Kawu Ilorin South Kwara NIPR Olatunji Ayeni Ahmed Mohammed Rifun Ariyo Saba Jibril Ilorin Emirate Staff Association Bola Sagaya

