The Kwara State Governor, AbdulFatah Ahmed, and other stakeholders have identified the private sector as being strategic to ending the national economic recession.
They also said it was key to human capital development, capacity building, employment generation and wealth creation.
They spoke in Ilorin on Tuesday during a human capital development summit of the Third Estate.
The other stakeholders included a banker, Tunde Salami; an expert in agriculture, Tunde Yusuf, and Ibrahim Adebayo of the Federal Ministry of Environment.
Ahmed said the state government recognised the importance of human capital development and capacity building.
He stated that the government had consequently maintained its workforce and had not downsized even with the recession.
He added that the government had continued to place priority on the payment of workers’ salaries and welfare.
According to him, the state government increased its internally generated revenue from N500m monthly to N1.5bn and provided 10,000 hectares of land for agriculture.
The President of Third-Estate, Yusuf Lawal, said provision of an enabling environment would help businesses, including small and medium enterprises, grow.
He stated that to improve businesses and human capital, the group had provided boreholes in selected communities and scholarships to indigent students from Ilorin Emirate.
He added that it was working towards encouraging first class graduates of the Emirate to pursue postgraduate programmes immediately after graduation.
Yusuf said agriculture would provide massive employment for jobless people as well as stimulate industrialisation.
He canvassed the full maximisation of the potential of farming and ‘Aso-Ofi’ in Ilorin Emirate for employment generation and wealth creation.
Salami said fish farming was another good platform for entrepreneurs.
Adebayo said billions of foreign exchange would be earned and massive jobs and businesses created from the utilisation and maximisation of the potential of bamboo