The Kwara State Government has reaffirmed its commitment to strengthening state-owned businesses as part of its broader plan to achieve a self-sufficient economy.
Speaking during a working visit to HHL Insurance Brokers Limited, the General Manager of the Kwara State Public Procurement Agency (KWPPA), QS Raheem Abdulbaki, emphasised the agency’s dedication to promoting local content across the state.
He noted that these efforts have been consistently implemented over the past four years, yielding significant results.
“Our framework ensures that Kwarans benefit from every contract awarded in the state, leading to financial and technical gains.
“This, in turn, boosts internally generated revenue and creates employment opportunities,” Abdulbaki said.
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He credited Governor AbdulRahman AbdulRazaq for his unwavering support, which has played a key role in the agency’s successes.
He also announced a major policy shift, revealing that the ₦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, Shaaba Taofeeq, described the visit as timely, expressing the company’s readiness to collaborate with relevant stakeholders to fulfil the government’s economic objectives.
He acknowledged past challenges that hindered the company’s growth and sought the KWPPA’s support in overcoming them.
Taofeeq assured the state government that HHL Insurance Brokers Limited can handle all insurance obligations within and beyond Kwara State.
“This renewed drive for local content implementation will undoubtedly stimulate economic growth across the state,” he stated.
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The meeting, attended by top officials from both organizations, underscored the government’s strategic push for local business empowerment as a key pillar of sustainable economic development.
