Communiqué: 2011 Ekiti State Economic & Development Summit

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Communiqué: 2011 Ekiti State Economic & Development Summit

  1. 1. Communiqué Issued at the End of the 2011 Ekiti state Economic &Development Summit Held at Bishop Adetiloye Hall, Ado-Ekiti on 14th and15th October 2011.Ekiti State is endowed with a lot of natural, human and material resources, yetthe state is characterised by low productivity, investment and income, withmajority of the people living in relative poverty. With a sense of urgency totransform the often-touted potentials of the State for economic growth anddevelopment into reality, the Governor Dr John Kayode Fayemi-ledadministration inaugurated the first Ekiti State Economic and DevelopmentSummit 2011 aimed at stimulating investments in order to make povertyhistory in the State within the shortest possible time.The summit was held at the Bishop Adetiloye Hall, Ado Ekiti, on Friday 14thand Saturday 15th October, 2011 and coordinated under the leadership of MrsBunmi Dipo-Salami (Special Adviser to the Governor on planning andMillennium Development Goals MDG) with the theme “Harnessingopportunities for sustainable Development”.The sub-themes of the summit were: • Opportunities in Ekiti State for Foreign and Indigenous Entrepreneurs • Development Partners and Economic Development in Ekiti State: Progress and Framework for Future Collaboration • Framework for and available opportunities in Public Private Partnership towards Infrastructure Development in Ekiti State • Education as a driver of Economic Growth and Development: Our Strategy and Opportunities • Stimulating and Sustaining Agric Business in Ekiti State • Framework for and Opportunities for Sustainable Private Sector Participation in Solid Minerals and Tourism Development in Ekiti State and • State-owned Enterprises as a vehicle for economic development:   1  
  2. 2. Framework for Private Participation • The goals of the summit included to: • Identify critical legislative gaps to be filled in attaining the economic ambitions of Ekiti State • Unveil infrastructure development plans for the State Government and highlights, the opportunities for Private Sector Participation • Identify the strategies to involve private capital in the regeneration of our educational heritage • Examine how Public Policy and Private Capital can combine to stimulate and sustain commercial agric business in Ekiti State • Examine the framework for stimulating private participation; and • Make available opportunities in the solid minerals and tourism sectors • Review the framework for ownership and management of these enterprises; and • Present opportunities for private sector collaboration in realising the ambitions for the assets and organisations in this sector.The two-day Summit was well-attended by investors from private and publicsectors, business tycoons, corporate bodies, and farmers, as well as EkitiIndigenes resident all over Nigeria as well as from the Diaspora, and cappedwith a State Banquet that was chaired by Prince Julius Adelusi-Adeluyi.Prof Pat Utomi, of the Lagos Business School, Pan African Universitydelivered the key note address titled “Unconventional Strategies for achievingrapid and Sustainable Development and Growth of a small Sub-NationalEconomy”, where he identified, inter alia , improper focus, lack of commitmentof government officials to responsibilities and embezzlements of public fundsas major hindrances to economic development in Nigeria.He suggested a disciplined farmer approach, unification and commitment of allstakeholders, reforming the mindset of public servants and politicians, buildingcapacity for execution as keys to economic development. He opined that the   2  
  3. 3. goals of a state must be set in a smart mode on annual basis. These goals mustbe measurable, attainable, relevant and tangible.He offered a framework of six critical variables that makes for economicgrowth. These are: Policy Choices, Institutions; Human Capital,Entrepreneurship; Culture and Leadership; a strong commitment to which willmake Ekiti economically prosperous. He solicited for the advancement inAgriculture alongside Mining, Tourism and an Education Industry.After extensive deliberations on papers presented, participants made thefollowing observations and recommendations on the various sub-themes of theSummit:General Government Intervention So Far in Promoting Opportunities inEkiti State for Foreign and Indigenous Entrepreneurs.In priming the Summit, several Government presenters identified areas ofinvestment available for public and private investors such as Agriculture,fisheries, poultry, food processing, solid minerals such as Granite, Uraniumand Gold and Tourism Hospitality business, Small and Medium-ScaleEnterprises (SME) Sector and Education sector. They also revealed that inorder to attract investors to Ekiti State, the Government had embarked on thefollowing measures: • Passing of enabling laws such as Freedom of Information law, Fiscal Responsibility Law, and public private partnership • Awarding of ten new roads construction with work to commence as soon as the rains are over • Provisioning of silos for grain preservation • Giving of tax moratorium and early issuance of Certificate of Occupancy (C of O) to encourage investors   3  
  4. 4. • Renewing partnership with some bodies such as : DFID, UN, EU and USAIDIn the area of those identified partnerships, current interventions withdevelopment partners in Ekiti State include: 1. DFID (UK’s Department for International Development): It has helped in setting up Bureau of Transformation and Private Sector Development initiatives. 2. World Bank: It has been helping in the area of health, poverty reduction, governance, capacity building, HIV/Aids reduction. 3. European Union: It has been helping in the areas of infrastructural development, Water & Sanitation. It is now working in II Communities in the State. 4. African Development Bank ADB: It has been assisting in developing Multinational NERICA rice and NPFS (National Program for Food Security). 5. USAID: it had been helping in areas of OVC (Orphans and Vulnerable Children) and Management Science for Health (MSH). 6. UNICEF: It is assisting in areas of OVC by HIV/Aids, women and related issues. 2011/2012 MOU had been signed with the State Government. 7. UN System: MTF (Medium-Term Framework) has been developed, which outlines how the State can collaborate and work with the various United Nations systems. The agreement will be signed in the next few weeks. The objective of the MTF was to avoid possible duplication of functions among the UN systems.   4  
  5. 5. Framework for and available opportunities in Public Private Partnershiptowards Infrastructure Development in Ekiti.The Summit identified the following areas to be addressed include: 1. Water Sector • Refurbishment of water facilities in the State back to their original designed production capacity • Expansion of water production, distribution coverage and reticulation of Ado scheme • Completion of the on-going N1 billion MDG2009 water projects covering Ado, Erijiyan, Ipole- Iloro, Efon, Ido-Ile and Okemesi • Completion of the turnaround maintenance of the Ureje (Ado) Headwork • Provision and Installation of a 2, 500KVA power plant for Ero dam • Turn around maintenance of Itapaji, Egbe, and Ero water scheme • Replacement of 25km of trunk line from Itapaji to Ikole through external funding • Replacement of the Ifaki- Ado pipeline 2. Power sector: Intervention in the supply and distribution of power to the State through independent power project 3. Public buildings: Construction of a civic centre that would have a museum, meeting halls, amphi theatre, cinema, library and green rest areas in Ado-Ekiti. 4. Construction of a new model market with shopping mall, office block as a replacement for the existing open market in Ado-Ekiti 5. Establishment of mechanic villages 6. Road Networks: Provision of good road networks in the State to enhance transportation of farm products. 7. Education as a driver of Economic Growth and Development:Summit strongly emphasised that drivers of economic growth and developmentwere both the products of education themselves (quality graduates, innovations   5  
  6. 6. and inventions), as well as the opportunities that exist in creating them. Ittherefore made the following recommendations, inter alia: • Meeting student’s basic needs in terms of uniform, books, computers, transportation and conducive learning environment. • Pre and post service training of both academic and non-academic staff and provision of instructional materials • Ensuring the use of curriculum that is relevant and adaptable to Ekiti State • Provision of modern, adequate and suitable teaching/ learning facilities (classrooms, laboratories, lecture halls) through donations for renovation and new constructions • Provision of suitable and adequate Living and recreational facilities, hostels, common rooms, and stadiums • Adequate and timely delivery of fees, grants, aids or loans • Ensure a transparent and stable governance at the public and private sector • Ensure a consistent and comprehensive community participation in governing and financing the educational sector • Encouraging the private sector investment in providing transport facilities, book publishing, building cloth factory and accommodation • provision of science kits for primary and junior secondary school • upgrading the government technical college at Ado-Ekiti to a vocational centre of excellence • providing incentives to teachers posted to rural areas • Turn the educational system to a source of wealth creation 8. Stimulating and Sustaining Agric Business in Ekiti StateSummit strongly concluded that Agribusiness can be sustained in Ekiti throughthe adoption of Public Private Partnership (PPP). Action plans for sustainablecommercial agriculture include the following: • A stable policy enabling environment for PPP • Training of extension staff on PPP   6  
  7. 7. • The need to provide market information and standardization • Provision of good roads, power and silo • Provision of a strong and good data base for planning • Ensure availability of land for investors • Government must focus on selected strategic arable crops, in the first phase of the Agricultural Movement, based on current agro-technology and farmers’ familiarity - rice, maize, cassava and yam tuber and for tree crops –cocoa and kolanut • Heavy investment in the procurement and propagation of quality seedlings for free distribution to farmers • There is the need for linkage between the Universities in Ekiti, Ministries of Agric and Education, Science and Technology • Need to establish and sustain Seed Nurseries in all the 16 LGAs • Government to empower the Ministry of Agriculture and related Agencies to expand the current farmers support program – inputs, land clearing, market management and information systems • The Rivers/reservoir systems must be audited for sustainable predatory load and stocked with fingerlings • River/Reservoir beds must be reclaimed for farming year round with simple surface intake irrigations systems • Particular attention must also be given to the seeds in the livestock and fisheries subsector with procurement, domiciliation and propagation of fish seeds, especially, the YY Male Tilapia for free distribution for aqua-culture, farming and rivers and reservoir stocking • There is the need for domestication and propagation of grand and parent stock for poultry – e.g. NAPRI Shika brown poultry and the NAPRI breed of cattle and other proven domestic breeds or domesticated imported breeds. [NAPRI - National Animal Production Research Institute]   7  
  8. 8. Framework for and Opportunities for Sustainable Private SectorParticipation in Solid Minerals and Tourism Development in EkitiSummit made several recommendations here, including to: • Identify and focus on 3 solid minerals for immediate attention of the government programmes – granite, Gemstones, Clay - and ensure value added processing • Identify unallocated mineral deposit blocks to encourage investors apply and develop some of the solid mineral blocks available in the State. • Set up State owned minerals promotion company and State mineral resources and environmental management committee • Establishment of a solid minerals development backed by law • Stimulate and promote investments and exploration activities through: i. Ekiti Investment Development Co. Ltd ii. Ekiti Chambers of Commerce (Solid Minerals Forum) iii. Ekiti Economic Development Council iv. Facilitate, engage, encourage and provide enabling investment environment for the existing exploration license owners to start preliminary survey and commercial exploration activities in Ekiti State. v. Take stock of existing exploitation of minerals in the State by artisan , small scale and illegal miners with the aim to register, organize, control and normalize the mining activities with the Mining Cadastral Office in Abuja vi. Organize training for registered miners to attract external funding vii. Increase global awareness about solid minerals in Ekiti State through the internet9. State-owned Enterprises as a vehicle for economic development:Framework for Private Participation. Examples of agencies for promotion ofprivate participation (to serve as catalyst for investors, create revenue for theState, generate employment) include: • Ekiti Enterprise Development Agency (EEAD)   8  
  9. 9. • Fountain Holdings, Ltd.10. Capacity Building Public Private Partnership (CBPPP) outfit • To focus on the rapid industrialization of the state, several major and minor approaches include: • Optimization of the output of the ones operational currently for maximum impact • Resuscitation of all moribund industries scattered across the State • Setting up of new large scale industries in strategic areas of the State • Upgrading existing SMEs, for better efficiency and output • Setting up new ones through empowerment schemes • Reviving moribund ones through fund injection. • Setting up centres for Entrepreneurial Development • Establishment of vocational Training and Development centres • Hosting of Local and International Business summit and Expos • Regional Integration and economic development of South Western NigeriaSummit recognized the importance of the ongoing regional integration effortsof the various governments of the South-Western region - including within theframework of the new DAWN (Development Agenda for Western Nigeria)document – and recommended the need to generate and increase: • Awareness of participants to the increasing marginalization of the Yoruba from the commanding heights of the economy, especially in the regulatory agencies in the banks, finance and telecoms • Cooperation among the Governors of the South West to tackle the unemployment situation in the zone and come up with developmental paradigm that will ensure immediate employment Regional development activity centres around strategic hubs, leveraging comparative advantages • Integrated, multi-modal transportation infrastructure, connecting regional and trans-regional development and activity centers • Common urban architecture – housing, market and urban development   9  
  10. 10. • Dedicated Yoruba strategy and development think-tankContinued growth of the economy of the Southwest and employment of Yoruba without glass ceiling Reposition governance and public institutions for effective service delivery • Cultural awakening for positive values, ethos and norms of behaviour • Restoration South West Nigeria’s competitiveness and its position of leadership in Nigeria’s economic, social and political developmentCONCLUSION OF SUMMIT:At the end of the Summit, a Summary of the Proceedings was read out aloud,with a pledge to submit this Communique at a later date.Respectfully Submitted:Professor M. E. Aluko Dr. Grace Modupe AdeboSummit Facilitator Summit Co-FacilitatorOCTOBER 19, 2011     10  

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