Kwara State Government has reiterated its commitment towards fostering globally competitive state-owned businesses.
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.
He praised Governor AbdulRahman AbdulRazaq for his unwavering support particularly for the Agency’s achievements.
Highlighting a key policy shift, QS Abdulbaki revealed that the previous ₦10 million cap on insurance bonds accessible within the State has been removed by the Governor.
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.
Mallam 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.
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.
