Agriculture and Commerce form the bulk of the economic engagements of the inhabitants of Kwara state. Crops cultivated in Kwara state include rice, maize, yam, cassava, sorghum, tobacco, kolanut while cotton weaving, pottery making, and the making of raffia mats are the traditional crafts.
The mineral deposits include limestone, quartz, feldspar, clay, gold, marble, granite, columbite, tantalite, cassiterite, microlite, wolframite, limonite, Dolomite, Talc, glass sand, gravel and kaolin.
The state has several industries which include a Tuyil Pharmaceutical, Kam Wire Holding and so on. Trade also flourishes in Kwara state with the state hosting several markets such as the Owode market Ilorin, Oja tuntun market Ilorin, Ilesha Baruba International Cattle market, Kara market, Ijomu-oro town market, and the Ipata market Ilorin.
Kwara State is rapidly emerging as a thriving hub for Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. This growth is driven by strategic government policies, an enabling business environment, and substantial investments in infrastructure. The state’s unique geographical position, serving as a gateway between the northern and southern regions of the country, enhances its accessibility and market reach.