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Layout / OutlineLayout / OutlineRoad mapDemographyEconomyKey Development Plans (8+ agenda)High Priority SectorsStrategies for Private Sector
DevelopmentInvestment IncentivesResource Base for DevelopmentKey Development PartnersInvestment Opportunities
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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
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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
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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.
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88 POINT AGENDA POINT AGENDA
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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.
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……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
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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
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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
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……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
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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.
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……RESOURCE BASERESOURCE BASE
High quality granite. Kaolin & Clay deposits. Solid minerals. Plantain & banana plantations. Skilled labour
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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
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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
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……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
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EKITI STATE EKITI STATE WELCOMESWELCOMES
PROSPECTIVE INVESTORSPROSPECTIVE INVESTORS
THANK YOU!!!