Eleven percent of companies close in Kwara- Standards Organisation of Nigeria (SON)

Written by on September 13, 2022

The Standards Organisation of Nigeria (SON) at the weekend revealed the figure of indigenous companies closing down in the state is alarming.It specifically, hinted that at least, eleven percent of those companies close down every year due to unfair economic realities.

Kwara state Coordinator, SON, Ayeni F. Oyebola, told reporters in Ilorin, the state capital shortly after presenting the Mandatory Conformity Assessment Programme (MANCAP) certification to Ayo-Ayodele Pharmaceutical Chemists Nigeria Limited.

Oyebola explained that “In Kwara state about eleven percent of companies close down annually as a result of unfavourable economic climate. He said For instance the steel factories about 15 years ago, there were seven of them but now remains one .

The Nation reports that Executive Director of the company, Damilola Shittu decried the influx of substandard products into the country.


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