Kwara Govt Reaffirms Commitment to Strengthening Local Businesses

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The Kwara State Government has reiterated its dedication to fostering globally competitive state-owned businesses as part of its broader goal of achieving a self-sufficient economy.  

Speaking today during a working visit to HHL Insurance Brokers Limited, a state-owned insurance company, the General Manager of the Kwara State Public Procurement Agency (KWPPA), QS Raheem Abdulbaki, emphasized the Agency's commitment to promoting local content across the State. He noted that these efforts have been sustained over the past four years with significant results.  

"The framework we have in place ensures that Kwarans benefit from every contract awarded in the State, leading to appreciable financial and technical returns. This, in turn, boosts internally generated revenue, enhances employment opportunities," Abdulbaki stated.  

He praised Governor AbdulRahman AbdulRazaq (CON) for his unwavering support, which he credited for the Agency’s achievements. Highlighting a key policy shift, Abdulbaki revealed that the previous ₦10 million cap on insurance bonds accessible within the State has been removed by the Governor. "His Excellency understands that for local businesses to thrive, access to funding must be free from unnecessary bottlenecks," he added.  

The Acting Managing Director of HHL Insurance Brokers Limited, Mallam Shaaba Taofeeq, expressed appreciation for the visit, describing it as timely. He affirmed the company's readiness to collaborate with relevant stakeholders to fulfill the government's objectives for its establishment. Taofeeq acknowledged past challenges that hindered the company’s growth and called for the KWPPA's support in overcoming them.  

He further assured the State government that HHL Insurance Brokers Limited possesses the capacity to manage all insurance obligations within Kwara State and beyond. "This renewed drive for local content implementation will undoubtedly stimulate economic growth across the State," he said.  

The meeting, attended by top management officials from both organizations, underscored the government’s strategic push for local business empowerment as a pillar of sustainable economic development.




Abdulkadir Muinat 
Press secretary 
Public Procurement Agency.
07046059301

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