Kwara eyes N200bn CBN funds for ‘innovation hubs’ - News Summed Up

Kwara eyes N200bn CBN funds for ‘innovation hubs’


GOVERNOR Abdulrahman Abdulrazaq of Kwara State has said that the state will benefit from the N200billion funds the Central Bank of Nigeria has set aside to promote innovative ideas and entrepreneurship. “When these hubs are created, they would generate at least 2,000 jobs in the area of movie production and textile designs,” he said. The governor said the hubs would attract European and Chinese firms and lead to technology transfer to the indigenous workers. The governor said Kwara State, with the right investment in infrastructure, has the potential to be the number one producer of sugar in Africa. He, however, warned them against mismanagement of public funds, adding that his administration would frown at anybody making away with public resources.


Source: Nigerian Tribune June 21, 2019 12:33 UTC



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