Layout / Outline Road map Demography Economy Key Development Plans (8+ agenda) High Priority Sectors...

Layout / OutlineLayout / OutlineRoad mapDemographyEconomyKey Development Plans (8+ agenda)High Priority SectorsStrategies for Private Sector

DevelopmentInvestment IncentivesResource Base for DevelopmentKey Development PartnersInvestment Opportunities

ROAD MAP TO EKITI ROAD MAP TO EKITI DEVELOPMENTDEVELOPMENT

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

DEMOGRAPHYDEMOGRAPHY

Ekiti State Population (2006 Census):Male: 1,215,487Female:1,183,470Total: 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 manpowerActive youth: 60% of estimates

ECONOMYECONOMYMain 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.

88 POINT AGENDA POINT AGENDA

High Priority SectorsHigh Priority SectorsSubsector / commodity

Rice production & processing

Cassava production & processing

Oil Palm & kernel processing

Produce marketing (banana, plantain & yam)

Locations

Ikole, Ijero, Ijan, Efon Alaye and Igbemo, etc.

State wide

Ogotun, Efon Alaye, etc.

Ilawe, Ishan, etc.

……High Priority SectorsHigh Priority SectorsSubsector / commodity

Saw mill upgradingFurniture

manufactureHospitality industry

developmentSolid Minerals

Development ICT MSME

developmentHousing &

Construction

Proposed Locations

Ijero, Ikere, Aramoko, Ise, Ado-Ekiti

Ado-Ekiti & other LGAS

Ado-Ekiti & other LGAS

All parts of the State

Ado-Ekiti

Strategy for Private Sector Strategy for Private Sector DevelopmentDevelopment

Twin track approach:1.Create favourable environment for new formal sector investors – PPP Law in place with assistance from NIAF and ICRC. 2.Enterprise Development Initiatives

• Farm Modernization • Agro processing• Non-Agricultural sectors – Mining, ICT• MSME

Investment Incentives?Investment Incentives?Political Stability and SecurityPredictable 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

……Why Ekiti?Why Ekiti?Unexploited value chain opportunitiesHigh 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

RESOURCE BASE FOR RESOURCE BASE FOR DEVELOPMENTDEVELOPMENT 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.

……RESOURCE BASERESOURCE BASE

High quality granite. Kaolin & Clay deposits. Solid minerals. Plantain & banana plantations. Skilled labour

DEVELOPMENT DEVELOPMENT PARTNERSPARTNERS

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

INVESTMENT OPPORTUNITIESINVESTMENT 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

……INVESTMENT INVESTMENT OPPORTUNITIESOPPORTUNITIES

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

EKITI STATE EKITI STATE WELCOMESWELCOMES

PROSPECTIVE INVESTORSPROSPECTIVE INVESTORS

THANK YOU!!!