Ekiti attracts $40million investment in organic fertilizer project

Ekiti Governor, Mr Biodun Oyebanji has indicated his administration’s desires to make the state a major industrial and investment hub of the country.

Governor Oyebanji disclosed this in Ado-Ekiti on Tuesday during a meeting with officials of the Istanbul, Turkey-based Alliance Group. The investors are planning to establish an organic fertilizer factory, with the investment worth $40 million.

Oyebanji said his administration is determined to “look for serious private investors and partner.” He added that such investments would spur productivity and, ultimately, prosperity.

The governor told the foreign investors of the state’s “Investment Promotion Agency (IPA)”

The IPA is “headed by a professional and this is aimed at improving ease of doing business in the state,” said Governor Oyebanji.

“We will also ensure that all obstacles towards doing business is removed,” the governor assured his guests.

He added: “We just played host to a team from American Embassy led by the Deputy Ambassador and Consul-General with an investor, they’ve gone to our agric. processing zone, they want to invest in cassava. And we’ve been receiving serious investors in the state, I took your word when you said there is a need to accelerate, so, we are also ready to play along by providing all you will need to make the project succeed.” He stated.

The leader of the investors’ delegation, Prof. Sidi Oso said they chose Nigeria over other African countries and, particularly, Ekiti, because of the state’s economic prospects and potential for development in the area of investment.

She lauded the governor for assembling a good team while noting raw materials endowments in the state.

Also at the meeting were the Director-General of Ekiti Development and Investment Promotion Agency (EKDIPA), Mrs Lolade Olutola and other government officials.