EEDA : A Vehicle For Economic Transformation

Highlights of the Agency & Activities by the DG- Seyi Aiyeleso OSKA

Who We AreAn 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

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.

Our MissionTo 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.

Our Objectives

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 government's key goals of employment generation, poverty alleviation and improvement in quality of life of citizenry.

Our Operating StrategiesEffective 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

Functions of the AgencyCoordination and monitoring of all enterprises

promotion activities in the StateInitiate 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

Our PartnersOrganised Private SectorPotential local & foreign investorsExisting investorsProfessional bodiesTrade groupsInternational Donor AgenciesInformal sectors : Artisans, Farmers,

Unemployed Youths e.t.c

Priorities – Big ProjectsMain 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

Priorities – Low Hanging FruitsThis 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

Other Priorities Setting up Centers for Entrepreneurial

DevelopmentEstablishment of Industrial parks and

Enterprise ZonesEstablishment of Vocational Training and

Development CentersHosting of Local and International Business

summit and Expos

Potential Areas for Foreign Direct Investment (FDI)Manufacturing : Textile, Foods &

ConsumablesEnergy Tourism : Development of tourist sitesAgriculture : Cocoa, Cassava, Pineapple

processingHospitality : Hotels & Resort CentersSport : Golf Course

Our Activities 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.

EEDA Activities Cont´dTraining 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.

EEDA Activities Cont´dApproval to establish Flea marketCar 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.

EEDA Activities 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.

Areas of Opportunities for Investors

We are looking for interested Investors to

partner with EEDA in the areas highlighted in the next slides.

Skills Acquisition CenterProject Areas of

Opportunity for Investors

Benefits For Investors

Remarks

Skill Acquisition Center in Ado-Ekiti

Provision of training facilities

•Opportunity for branding• Lasting advertisement avenue •Free media publicity

Tools, equipment, Stationeries e.t.c would be needed to get the center up and running effectively

Furnishing of the center

Same as above

Agriculture EnterpriseProject Areas of

Opportunity for Investors

Benefits For Investors

Remarks

Agric Enterprise

Provision of soft loan facility to beneficiaries

• Income generation•Free media publicity

Loan will attract relatively better rate

Ekiti Enterprise Development CentersProject Areas of

Opportunity for Investors

Benefits For Investors

Remarks

Enterprise Development Centers

Provision of infrastructural supports

•Opportunity for branding• Lasting advertisement avenue •Free media publicity

The centers will be sited in 3 strategic locations in the State

Equipping of the centers

•Same as above

Establishment of Farmers´ Academy

Project Areas of Opportunity for Investors

Benefits For Investors

Remarks

Establishment of Farmers´ Academy

Provision of infrastructural supports

•Opportunity for branding• Lasting advertisement avenue •Free media publicity

Equipping of the centers

•Same as above

Provision of agricultural inputs at competitive rate

•Income generation

Computer Village & ICT CenterProject Areas of

Opportunity for Investors

Benefits For Investors

Remarks

Establishment of a Computer Village

Provision of infrastructural supports

•Opportunity for branding• Lasting advertisement avenue •Free media publicity

Establishment of a ICT Center

Equipping of the center

•Same as above• Sales & Marketing opportunity

International Business Summit & ExposProject Areas of

Opportunity for Investors

Benefits For Investors

Remarks

International Business Summit & Expos

Sponsorship •Opportunity for branding• Advertisement Opportunity•Free media publicity