ADO-EKITI, Nigeria – Ekiti State Governor Biodun Oyebanji has reaffirmed his administration’s commitment to transforming Ekiti into a top investment destination in Nigeria, unveiling new policies to eliminate bureaucratic bottlenecks, improve infrastructure, and fast-track business growth.
The pledge was made during a Presidential Enabling Business Environment Council (PEBEC) Town Hall Meeting in Ado-Ekiti, where state officials and private sector leaders discussed strategies to boost investor confidence.
Key Reforms Underway
Zero Fees for Business Registration – Waivers for new enterprises
One-Stop Investment Shop – Speedy permits via Ekiti State Development & Investment Promotion Agency (EKDIPA)
Transition Law – Ensures continuity of projects across administrations
Investor Aftercare Program – Ongoing support for businesses post-setup
Power & Infrastructure Upgrades – Improved electricity and roads for industries
Governor Oyebanji (represented by Finance Commissioner Akin Oyebode):
“We’re removing obstacles so investors can thrive. Ekiti is open for business—with policies that guarantee long-term growth.”
Why This Matters
Job Creation: Reforms aim to attract industries and reduce youth unemployment (~40% in Ekiti).
Investor Confidence: Transition Law ensures policy stability beyond political cycles.
National Alignment: Syncs with PEBEC’s goal to improve Nigeria’s ease of doing business ranking (currently 131/190).
Suzana Abdul-Kabdir (PEBEC):
“Ekiti’s reforms set a benchmark for subnational competitiveness in Nigeria.”
Lolade Olutona (EKDIPA DG):
“We engage businesses daily to resolve challenges—because their success is Ekiti’s success.”
Next Steps
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Digitalizing land titling to ease access for agro-industries
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Scaling up rural electrification to support manufacturing
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Expanding tax incentives for SMEs in tech and agriculture
Investor Opportunities
Agribusiness – Ekiti’s fertile land for cocoa, cassava, and rice production
Renewable Energy – Solar/hydro potential in Ikogosi
Tourism – Leveraging Ikogosi Warm Springs and cultural festivals
