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Layout / Outline. Road map Demography Economy Key Development Plans (8+ agenda) High Priority Sectors Strategies for Private Sector Development Investment Incentives Resource Base for Development Key Development Partners Investment Opportunities. ROAD MAP TO EKITI DEVELOPMENT.

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Layout / Outline

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  1. Layout / Outline • Road map • Demography • Economy • Key Development Plans (8+ agenda) • High Priority Sectors • Strategies for Private Sector Development • Investment Incentives • Resource Base for Development • Key Development Partners • Investment Opportunities

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

  3. DEMOGRAPHY • Ekiti State Population (2006 Census): Male: 1,215,487 Female:1,183,470 Total: 2,398,957. • At an annual growth of 3.2%, current estimated figures give 2,748,441 (Male: 1,392,561, Female: 1,355,880). • Highly educated and skilled manpower • Active youth: 60% of estimates

  4. ECONOMY Main preoccupation is subsistence farming. Instances of commercial agricultural ventures dots the landscape. Major agric produce are cassava, rice, yam, cocoa, coffee, palm oil. Other economic activities involve mining of solid minerals (clay, kaolin, columbite, bauxite, granite, etc). - - Trading activities occur on small, medium, and large scale levels.

  5. 8 POINT AGENDA

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

  7. Proposed Locations Subsector / commodity Saw mill upgrading Furniture manufacture Hospitality industry development Solid Minerals Development ICT MSME development Housing & Construction • Ijero, Ikere, Aramoko, Ise, Ado-Ekiti • Ado-Ekiti & other LGAS • Ado-Ekiti & other LGAS • All parts of the State • Ado-Ekiti …High Priority Sectors

  8. Strategy for Private Sector Development Twin track approach: • Create favourable environment for new formal sector investors – PPP Law in place with assistance from NIAF and ICRC. • Enterprise Development Initiatives • Farm Modernization • Agro processing • Non-Agricultural sectors – Mining, ICT • MSME

  9. Investment Incentives? • Political Stability and Security • Predictable investment environment with competitive incentives, joint venture opportunities and skilled/affordable labour. • Early stages of economic development thus flexibility of negotiations. • High return on investment in infrastructure development (roads & electricity) that will release heavy constraints on economic activity • Agriculture-based economy with untapped capabilities in agro-processing e.g. oil palm, cassava, rice. • Unexploited value-chain opportunities in processing, packaging & marketing

  10. …Why Ekiti? • Unexploited value chain opportunities • High potential returns to timber sector coordination & upgrade combined with conservation & renewal of still significant forest resources • Unique tourism resources in the warm springs complex and waterfall axis including Eco-tourism • Unexplored / unexploited minerals, non-timber forest products • Gateway to regional opportunities – half way between Lagos and Abuja

  11. RESOURCE BASE FOR DEVELOPMENT 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 mature, yet untapped, forest reserves.

  12. …RESOURCE BASE High quality granite. Kaolin & Clay deposits. Solid minerals. Plantain & banana plantations. Skilled labour

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

  14. INVESTMENT OPPORTUNITIES AGRICULTURE: Commercial farming in oil palm, cassava, rice, cocoa, oil palm, rubber, etc. INDUSTRY: Processing of agro-based & agro-allied products. Sawmilling and furniture; Technology & Industrial Parks TOURISM: Tourism belt covering 140km2 of warm spring, water fall, mountainous ranges and wide-life. EDUCATION: Secondary & post-Secondary institutions. Student, faculty & programme exchanges with tertiary institutions. MINING: Abundant solid minerals e.g. clay, kaolin, columbite, bauxite, granite, etc. Quarry & stone crushing

  15. …INVESTMENT OPPORTUNITIES HUMAN CAPITAL: ICT training and skills transfer, health services, researches HOUSING & CONSTRUCTION: Real estate, furniture, red bricks, road construction, asphalt plant ENVIRONMENT: Forest management, eco-tourism, topography development & landscaping

  16. EKITI STATE WELCOMESPROSPECTIVE INVESTORS THANK YOU!!!

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