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EEDA: A Vehicle for Economic Transformation
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EEDA: A Vehicle for Economic Transformation

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  • 1. Highlights  of  the  Agency  &  Activities     by  the  DG-­‐  Seyi  Aiyeleso  OSKA  
  • 2. Who  We  Are    An  Agency  set  up  to  encourage,  promote  and   coordinate  investment  activities  in  the  State  with  a   view  to  stimulating  economic  growth  of  the  State.    A  veritable  platform  for  interaction  between  the   investing  public  and  the  State  Government.    An  organisation  interested  in  the  improvement  of  the   quality  of  lives  of  the  citizenry  through  creation  of   source  of  wealth  
  • 3. Our  Vision    ``To  be  a  vehicle  of  sustainable  economic  development   of  Ekiti  State  with  a  view  to  positioning  the  State   amongst  the  most  developed  States  in  the  Country.    
  • 4. Our  Mission    To  act  as  an  economic  catalyst  stimulating  real  and   sustainable  rapid  industrialization  of  the  state,   thereby  creating  opportunities  for  wealth  creation  for   the  citizens  and  economic  growth  for  the  State.      
  • 5. Our  Objec2ves    1:                To  contribute  to  sustainable  development  of   Ekiti  State  through  generation  of  profitable   investments,  maximization  of  return  on  investment   and  acting  as  catalyst  for  investments.   2:                To  support  the  State  governments  key  goals  of   employment  generation,  poverty  alleviation  and   improvement  in  quality  of  life  of  citizenry.    
  • 6. Our  Opera2ng  Strategies    Effective  Partnership  :  Public  –  Public  partnership,   Public  –  Private  partnership  and  partnering  with   International  Development  Agencies.    Core  of  highly  Professional,  Competent  and  Motivated   staff    Simple  but  highly  effective  Business  Process  that  will   be  ICT  driven  
  • 7. Func2ons  of  the  Agency    Coordination  and  monitoring  of  all  enterprises  promotion   activities  in  the  State    Initiate  and  provide  support  measures  that  will  enhance   the  investment  climate  in  the  State  for  all  categories  of   investors    Promote  investments  in  and  outside  the  State  through   effective  promotional  means    Identify  specific  projects  and  secure  interested  investors  for   such  projects    Provide  input  into  Government  policies  on   Industrialization    Disseminate  information  about  investment  opportunities   in  the  State  to  all  stakeholders  
  • 8. Our  Partners    Organised  Private  Sector    Potential  local  &  foreign  investors    Existing  investors    Professional  bodies    Trade  groups    International  Donor  Agencies    Informal  sectors  :  Artisans,  Farmers,  Unemployed   Youths  e.t.c  
  • 9. Priori2es  –  Big  Projects    Main  priorities  will  be  to  focus  on  the  rapid   industrialization  of  the  State  through  3  major   approach  :   Resuscitation  of  all  moribund  industries  scattered   across  the  State   Optimization  of  the  output  of  the  ones  operational   currently  for  maximum  impact   Setting  up  of  new  large  scale  industries  in  strategic   areas  of  the  state  
  • 10. Priori2es  –  Low  Hanging  Fruits    This  will  focus  on  developing  Small  and  Medium  scale   enterprises  across  the  State.  This  will  be  executed   strategically  through:   Upgrading  existing  SME´s  for  better  efficiency  and   output   Setting  up  new  ones  through  empowerment  schemes   Reviving  moribund  ones  through  fund  injection    
  • 11. Other  Priori2es      Setting  up  Centers  for  Entrepreneurial  Development    Establishment  of  Industrial  parks  and  Enterprise   Zones    Establishment  of  Vocational  Training  and   Development  Centers    Hosting  of  Local  and  International  Business  summit   and  Expos  
  • 12. Poten2al  Areas  for  Foreign  Direct  Investment  (FDI)    Manufacturing  :  Textile,  Foods  &  Consumables    Energy      Tourism  :  Development  of  tourist  sites    Agriculture  :  Cocoa,  Cassava,  Pineapple  processing    Hospitality  :  Hotels  &  Resort  Centers    Sport  :  Golf  Course  
  • 13. Our  Ac2vi2es  So  Far       Production  of  EEDA  Brochure:-­‐  First  of  its  kind  in  Ekiti   State.     Ekiti  –  ODUA  Business  Enterprise  Centre.  (Old  Textile):-­‐  A   business  hub  that  will  accommodate;  Skill  acquisition   centre,    Builders  mart,  Industrial  park  Artisan  village     Dangote  Cement  Depot:-­‐  The  facility  at  Iworoko  road  can   accommodate  250  trailers  of  cement.  The  warehouse  and   the  office  complex  are  completed  for  commissioning  by  HE   during  his  1  year  in  office.       Agric  Enterprise  /  NDE  (229  youths):-­‐  229  Youths  have   been  trained  for  4  months  in  Agric  Enterprise  such  as   Piggery,  Snairy,  Horticulture,  poultry,  Goat  and  Sheep   rearing,  Honey  bee  making  etc.  This  batch  will  graduate  2nd   week  in  October  during  Mr  Governor’s  1  year  in  office.    
  • 14. EEDA  Ac2vi2es  Cont´d    Training  of  Okada  Riders  to  go  back  to  their  vocations:-­‐   This  was  successful,  100  people  were  trained  and  about  20   have  gone  back  to  their  vocations.      A  nite  with  Mr  Governor  &  Captains  of  Industry:-­‐  This  was   the  first  of  its  kind  in  Nigeria,  bringing  Captains  of   Industry  under  one  roof.  No  Governor  in  Nigeria  has  ever   done  this.  Hitherto,  about  6  corporate  bodies   (manufacturing)  have  indicated  their  Investment  interest   in  Ekiti  State;  3  of  them  had  actually  visited  Ekiti  State   after  the  programme.    Succession  planning:-­‐  Successful  completion  of  succession   planning  Seminar  for  business  owners  in  Ekiti  State.  
  • 15. EEDA  Ac2vi2es  Cont´d    Approval  to  establish  Flea  market    Car  mart  (Elizade  Toyota):-­‐  Workshop  &  showroom:-­‐   Chief  Ade  Ojo,  Chairman  Toyota  Elizade  has  indicated   interest  to  establish  showroom  &  workshop  for  Toyota   products    Meat  processing  plant  in  Ekiti  State  (India  valley  meat,   Alaska,  USA)    Cashew  processing  factory  (raw  material  research  &   Development  council):-­‐  Efforts  are  in  top  gear.      Pineapple  outgrowers  scheme  in  Omuo  Ekiti:-­‐   Discussion  has  reached  an  advance  level.    
  • 16. EEDA  Ac2vi2es  Cont´d    Training  of  graduate  engineers  (Prototype   Engineering):-­‐  32  Ekiti  Graduates  in  engineering  will   be  trained  by  Prototype  Engineering.    SMEs  empowerment  (14  were  given  N20million,  71  are   currently  being  processed).    Over  250  applications  sent  to  BOI  for  empowerment.  
  • 17. Areas  of  Opportuni2es  for  Investors   We  are  looking  for  interested   Investors  to  partner  with  EEDA   in  the  areas  highlighted    in  the  next  slides.  
  • 18. Skills  Acquisi2on  Center  Project   Areas  of   Benefits  For   Remarks   Opportunity  for   Investors   Investors  Skill  Acquisition   Provision  of   •  pportunity  for   O Tools,  equipment,  Center  in  Ado-­‐ training  facilities   branding   Stationeries  e.t.c  Ekiti   • Lasting     would  be  needed   advertisement   to  get  the  center   avenue     up  and  running   •  ree  media   F effectively   publicity   Furnishing  of  the   Same  as  above   center    
  • 19. Agriculture  Enterprise  Project   Areas  of   Benefits  For   Remarks   Opportunity  for   Investors   Investors  Agric  Enterprise   Provision  of  soft   • Income     Loan  will  attract   loan  facility  to   generation   relatively  better   beneficiaries   •  ree  media   F rate   publicity  
  • 20. Eki2  Enterprise  Development  Centers  Project   Areas  of   Benefits  For   Remarks   Opportunity  for   Investors   Investors  Enterprise   Provision  of   •  pportunity  for   O The  centers  will  be  Development   infrastructural   branding   sited  in  3  strategic  Centers   supports   • Lasting     locations  in  the   advertisement   State   avenue     •  ree  media   F publicity   Equipping  of  the   •  ame  as  above   S centers  
  • 21. Establishment  of  Farmers´  Academy  Project   Areas  of   Benefits  For   Remarks   Opportunity  for   Investors   Investors  Establishment  of   Provision  of   •  pportunity  for   OFarmers´  Academy   infrastructural   branding   supports   • Lasting     advertisement   avenue     •  ree  media   F publicity   Equipping  of  the   •  ame  as  above   S centers   Provision  of   •  ncome   I agricultural  inputs   generation   at  competitive  rate  
  • 22. Computer  Village  &  ICT  Center  Project   Areas  of   Benefits  For   Remarks   Opportunity  for   Investors   Investors  Establishment  of  a   Provision  of   •  pportunity  for   OComputer  Village   infrastructural   branding   supports   • Lasting     advertisement   avenue     •  ree  media   F publicity  Establishment  of  a   Equipping  of  the   •  ame  as  above   SICT  Center   center   • Sales  &     Marketing   opportunity  
  • 23. Interna2onal  Business  Summit  &  Expos  Project   Areas  of   Benefits  For   Remarks   Opportunity  for   Investors   Investors  International   Sponsorship   •  pportunity  for   OBusiness  Summit   branding  &  Expos   • Advertisement     Opportunity   •  ree  media   F publicity