Ekiti to attract $100m fund to build Airport, others

Africa Nigeria

…To spend $5m to revamp Ikun dairy

By Rotimi Ojomoyela

As part of the efforts to attract investors to Ekiti and make the state the particular economic hub in all facets, typically the State Government, on Saturday expressed its readiness in order to build an Airport facility

Ekiti to attract $100m fund to build Airport, others

Gov. Kayode Fayemi of Ekiti

To actualise the dream,   the State is at an advanced stage of discussions to draw over $100 million required for this construction of  Ekiti Knowledge Zone, Special Agriculture Processing Zone, Ado-Akure Road, and Ekiti Airport terminal in often the state.

In the same vein, the government has entered into a partnership with Promasidor Company for the investment associated with $5m to be able to revamp your moribund Ikun Dairy Farm located in Ikun Ekiti, Moba Local government area regarding the state.

The Commissioner for Information, Mr. Muyiwa Olumilua, revealed this in Ado Ekiti on Saturday during a press conference tagged: ‘Walking the exact Talk’  marking the one year administration of Governor Kayode Fayemi.

In 2015, the federal government involving Mr Ayodele Fayose started the airport project with a projection of about N3. 5 billion along Ado-Ijan road but was stalled due to court case instituted by those whose farms were destroyed and were not allegedly paid adequate compensations by government.

Olumilua said the very Airport project and others, are accorded priority “because it will ensure that Ekiti becomes a hub of the service plus knowledge industry in Nigeria, leading agricultural hub, and also improve access and connectivity for business and recreational travelers”.

The Commissioner said the state will also scout for traders to drive the  Ikogosi Warm Spring and Resort, Fountain Hotels, and Ire Clay Bricks Limited in addition to make them operate in full capacities to create revenues and even jobs.

He said the main Shareholder Agreement for finally, the new company} to be formed to manage that Dairy farm will retain Promisador as the core investor, while the State will certainly retain a minority interest, through the investment organization}, Fountain Holdings.

“This will attract a new investment connected with $5 mil into Ikun Dairy Plantation, which will be used to buy equipment, provide the appropriate herd of cattle, and develop an outgrower scheme for providing feed for one of the cattle.

“When the plantation is fully operational, it will create hundreds with jobs directly, and indirectly as well as improve the economy of any host community, surrounding communities, and Ekiti State from large”, he said.

Olumilua expressed the actual readiness for Fayemi led administration for you to defray finally the N57 billion owed simply by the last administration, being accumulation about outstanding salaries of workers, pension, gratuities and other emoluments.

“Governor Fayemi has ensured regular payments in salaries since he came last year October. Before the advent of this administration, employees and our people had been owed wages for reasons known to all of them and all they were getting is the sachet from rice together with between N200 and N500 under the stomach infrastructure scheme. We have been able to change the narratives.

“Before we arrived, all major business owners and additionally development partners had fled Ekiti. The particular only visible people doing businesses within Ekiti are the Yahoo boys. But we are gradually returning the trust and reclaiming our glory back”.

This individual said a total of 85, 000 pupils are becoming fed daily through the federal government powered school feeding scheme, saying the programme in conjunction with generally the free education policy offers shored up enrolment inside schools.

“It is now compulsory for all children of school age to become enrolled in schools and any parent who defies this particular executive order will be held accountable”.

Vanguard Nigeria News

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