SEPTEMBER, 2011

THE 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

DEMOGRAPHIC DATA

Ekiti State Population Census for year 2006 is made up of the followings:Male: 1,215,487Female:1,183,470Total: 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)

OVERVIEW OF THE STATE 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, palm oil, etc. Besides, there are other ventures such as mining of solid minerals (clay, kaolin, columbite, bauxite, granite, etc.). There are other several trading activities, both on small, medium, and large scale levels.

EKITI STATE DEVELOPMENTAL 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)

THE ROAD MAP: 8 POINT AGENDA

8 POINT AGENDA

GOVERNANCE

INFRASTRUCTURAL DEVELOPMENT

MODERNISING AGRICULTURE

EDUCATION & HUMAN CAPITAL

DEVELOPMENT

HEALTHCARE SERVICES

INDUSTRIAL DEVELOPMENT

TOURISM

WOMEN EMPOWERMENT

A. GOVERNANCE

Enhancing participatory governance and accountability;

Motivating the citizens with ideas for better productivity;

Creating intellectual bank for policy formulation and implementation.

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.

C. MODERNISING 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.

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;

creation of state sports academy for gifted youth.

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.

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.

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!)

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.

Review of State EconomyLarge 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.)

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)

High Priority SectorsSubsector / commodity

Rice production and processing

Cassava production and processing

Oil Palm and kernel processing

Produce marketing (banana, plantain and yam)

Locations

Ikole, Ijero, Ijan, Efon Alaye and Igbemo etc

State wide

Ogotun, Efon Alaye etc

Ilawe, Ishan etc

High Priority SectorsSubsector / commoditySaw mill upgrading

Furniture manufacture

Hospitality industry development

ICT MSME development

Proposed Locations

Ijero, Ikere, Aramoko, Ise, Ado - Ekiti

Ado – Ekiti & other LGAS

Ado – Ekiti & other LGAS

Ado - Ekiti

Strategy for Private Sector Development

Twin track approach1. Create favourable environment

for new formal sector investors; 2. Enterprise Development

Initiatives• Farm Modernisation • Agro processing• Non Agricultural sectors• MSME

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.

RESOURCE BASE Cont…..

Developed timber industry. High quality granite. Kaolin deposits. Solid minerals. Plantain and banana plantations.

INVESTMENT OPPORTUNITIES IN 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 (minerals, non-timber forest products) all over the State.

INVESTMENT OPPORTUNITIES Cont….

ICT Sawmills Carpentry & Manufacture of finished timber products. Investment in Quarry & Real Estate Education & training services Healthcare services

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

DEVELOPMENT PARTNERS

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

EKITI STATE WELCOMES

PROSPECTIVE INVESTORSFROM ALL WALKS OF LIFE

THANK YOU!!!