Abridged version of Ekiti State Profile for potential investors by the Ekiti State Enterprise and Economic Development Agency (EEDA).

1. SEPTEMBER, 2011

2. DEVELOPMENT
VISION
An Ekiti where poverty becomes history
MISSION
To eradicate poverty from Ekiti State
through accountable
governance, infrastructural
development, wealth creation and human
centered development

3. DEMOGRAPHIC DATA
 EkitiState Population Census for year 2006 is
made up of the followings:
Male: 1,215,487
Female:1,183,470
Total: 2,398,957.
 The projected Population figure for the State
stood at 2,748,441 in 2010 comprising of
1,392,561 Males and 1,355,880 Females.
 Annual Population Growth Rate is 3.2% (nbs)

4. ECONOMY
The major occupation in the State is agriculture as
most of the resources are derived through
involvement in personal farming while there are
also a few instances of commercial agricultural
ventures.
The major agricultural products include
yam, cocoa, coffee, plantain, banana, kolanut, pal
m oil, etc.
Besides, there are other ventures such as mining
of solid minerals

5. PLANS
STATE ECONOMIC EMPOWERMENT
DEVELOPMENT STRATEGY (SEEDS)
- (2005 -2007)
NATIONAL DEVELOPMENT PLAN – (2008 –
2011)
EKITI STATE COMPONENT OF NV20:2020 -
2009
1ST IMPLEMENTATION PLAN OF EKITI STATE
NV20:2020 - (2010 – 2013)
EKITI STATE DEVELOPMENT STRATEGY (EDS)
- (2011 – 2014)

6. THE ROAD MAP: 8 POINT
AGENDA
GOVERNANCE
WOMEN INFRASTRUCTURAL
EMPOWERMENT DEVELOPMENT
TOURISM
8 POINT MODERNISING
AGENDA AGRICULTURE
EDUCATION &
INDUSTRIAL HUMAN
DEVELOPMENT CAPITAL
DEVELOPMENT
HEALTHCARE
SERVICES

7. A. GOVERNANCE
 Enhancing participatory
governance and accountability;
 Motivating the citizens with ideas for
better productivity;
 Creating intellectual bank for policy
formulation and implementation.

8. B. INFRASTRUCTURAL
DEVELOPMENT
 Establishing optimum communities that
will improve citizens’ lives and attract
investments;
 By 2014, all parts of Ekiti to be
accessible by major roads;
 Making water dams in Ekiti functional
to increase water supply by 80 %;
public private partnership for
independent power projects.

9. AGRICULTURE
 Reviving cocoa plantations to make
Ekiti again a world leader in cocoa
production;
 Agriculture to contribute 50% on
internally generated revenue;
 20,000 Ekiti Youths trained and
employed in mechanized agriculture by
2014.

10. D. EDUCATION AND HUMAN
CAPITAL DEVELOPMENT
 By 2014, a computer on every students desk;
 free and compulsory education up to senior
secondary school;
 special initiatives for physically challenged
students;
 establishment of Institute of Science and
Technology;

11. E. HEALTH CARE SERVICES
 Free medical services for children,
pregnant women, the physically
challenged and senior citizens;
 Establishment of health centres in all
localities;
 Increased immunization coverage.

12. F. INDUSTRIAL
DEVELOPMENT
 Jumpstarting industrial development
by creating technology and industrial
parks for small and medium scale
enterprises;
 Establishing micro-credit facilities for
promising entrepreneurs;
 Special focus on developing agro-allied
and solid minerals sectors.

13. G. TOURISM
 Making Ekiti state a most attractive
destination for relaxation and holidays
by building a heliport.
 World class hotel and accommodation
facilities.
 Developing
Efon, Okemesi, Ikogosi, Ipole- Iloro tourism
corridors. E.g of Mexico(despite the
insecurity in the country, there are tourist
havens that are safe!)

14. H. WOMEN EMPOWERMENT
 Promoting gender equality and
empowering women to maximize
their potentials;
 At least one third of all
appointments and promotions will
be women;
 Immediate establishment of
community fund for women
development.

15. Review of State Economy
 Large public sector (main employer –
over 25,000)
 A history of direct public involvement
in establishing and operating
businesses for profit (Fountain
Investment Holding, Ikun Dairy, poultry
farming, rice processing, Ikogosi
Warm Spring
development, Romaco, Ire Burnt
Brick.)

16. Ekiti State (Continued)
 Few private firms with over 50
employees
 Formal private sector concentrated in
hospitality and saw mill sector
 Manufacturing largely absent from
formal sector
 Proliferation of micro and small
informal businesses linked to rural
sector (e.g. carpentry, palm oil and
cassava processing)

17. High Priority Sectors
Subsector / commodity Locations
 Rice production  Ikole, Ijero, Ijan, Efo
and processing n Alaye and Igbemo
etc
 Cassava
production and
processing  State wide
 Oil Palm and
kernel processing  Ogotun, Efon Alaye
 Produce marketing
etc
(banana, plantain
and yam)
 Ilawe, Ishan etc

18. High Priority Sectors
Subsector / commodity Proposed Locations
 Saw mill upgrading  Ijero, Ikere, Aramoko, Ise, A
do - Ekiti
 Furniture manufacture  Ado – Ekiti & other LGAS
 Hospitality industry
 Ado – Ekiti & other LGAS
development
 ICT MSME  Ado - Ekiti
development

19. Strategy for Private Sector
Development
Twin track approach
1. Create favourable environment for
new formal sector investors;
2. Enterprise Development Initiatives
• Farm Modernisation
• Agro processing
• Non Agricultural sectors
• MSME

20. RESOURCE BASE FOR
DEVELOPMENT IN THE STATE
 Arable crop cultivation - rice (120,000ha) ,
cassava (87,000ha), yam (81,000ha), maize
(159,000ha) etc.
Total – 700,000ha available.
 Tree crops including 32,681mt cocoa and
8,500mt palm kernel.
 10 forest reserves.

21. RESOURCE BASE Cont…..
 Developed timber industry.
 High quality granite.
 Kaolin deposits.
 Solid minerals.
 Plantain and banana plantations.

22. EKITI STATE
 Agriculture-based investment with a diversified
agro-processing capability in its infancy: e.g. oil
palm,
cassava, rice, cocoa, etc.
 Many unexploited opportunities in value
adding
through processing, packaging and marketing.
 Some unique tourism resources in the warm
springs in Ikogosi and nearby waterfall at
Ipole-
Ekiti.
 Opportunities still unexplored / unexploited

23. INVESTMENT OPPORTUNITIES
Cont….
 ICT
 Sawmills
 Carpentry & Manufacture of finished
timber
products.
 Investment in Quarry & Real Estate
 Education & training services
 Healthcare services

24. INVESTMENT INCENTIVES IN THE
STATE
 Political Stability
 Abundant human capital resources
 Easy access to other factors of
production
 Market
 Raw materials
 Financial Institutions
 Infrastructural facilities
 Security

25. DEVELOPMENT PARTNERS
 United Nations Development Programme (UNDP)
United Nations Children’s Fund (UNICEF)
 Department for International
Development
(DfID)
 World Bank
 European Union (EU)
 Others

26. EKITI STATE
WELCOMES
PROSPECTIVE
INVESTORS
FROM ALL WALKS OF LIFE
THANK
YOU!!!