Kwara, Islamic Devt Bank To Spend $57.2m On Livestock Project

The Kwara State government in partnership with the Islamic Development Bank (IsDB), Saudi Arabia will expend $57.2 million on agricultural transformation initiative aimed at boosting livestock production and rural development in the state.

The state coordinator of the Special Agro Industrial Processing Zone (SAPZ), Engr. Busari Isiaka, disclosed this during an interview with newsmen in Ilorin, the state capital yesterday.

He said that the SAPZ will use the fund  to establish a robust infrastructure for investors and local farmers in beef and milk processing.

Isiaka, who emphasised the significance of the project, noted that it is the first time a sitting governor is serving as the chairman of a steering committee for such an undertaking.

“For you to understand the importance of this project, it is a five-year initiative with joint funding from the state government and IsDB. Other states of the federation receive their support from the African Development Bank. Kwara is pioneering this collaboration with the Islamic Development Bank”, he said.

RELATED

Shippers’ Council Blocks Questionable N52bn Forex Repatriation, Resolves N2bn Trade Disputes

21 hours ago

Stock Market Investors Gain N12.47trn In July

21 hours ago

He also said that Kwara State’s early commitment to the project was evident in its swift payment of counterpart funds, making it the first state to fulfill its financial obligations, adding that the prompt action had allowed the state to progress significantly.

“The initiative is primarily focused on improving agricultural infrastructure, particularly in the livestock sector. With a core objective of enhancing livelihoods of rural communities. The SAPZ project will give special attention to youth and women while promoting food and nutritional security.

It is designed to provide sustainable solutions for livestock farmers by ensuring they have access to modern processing facilities,” he added.

Isiaka, who said that the project is being implemented in five local government areas –  Ifelodun, Kaiama, Baruten, Asa, and Moro, added that it will feature agricultural transformation centres, “where local farmers can process raw materials such as milk before they are transported 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 a smooth execution, we conducted extensive environmental assessments and community consultations. We have profiled over 5,000 beneficiaries, ensuring that the infrastructure we are providing meets their needs, including access to potable water”, he said.

He said that the project, currently in its design phase, is expected to transition into full infrastructure development later this year.