Ekiti State Governor Biodun Oyebanji received a significant boost for his administration’s development plans with the announcement of a $200 million loan from the World Bank. This strategic partnership aims to propel all-around economic growth for Ekiti State.
World Bank Pours Funds into Key Sectors
Dr. Ndiame Diop, the World Bank’s Country Director, confirmed the loan during an official meeting with Governor Oyebanji. $60 million of the total sum has already been disbursed to jumpstart critical development projects across eight key areas. Dr Diop emphasized the importance of strong collaboration between government ministries and agencies (MDAs) to ensure the projects’ successful completion.
Governor Oyebanji Seeks Collaboration for Accelerated Growth
Governor Oyebanji, addressing a strategic meeting with development agency heads at the Transcorp Hilton in Abuja, highlighted his administration’s focus on forging strong partnerships. He believes collaboration, both local and international, is crucial to accelerate Ekiti’s economic development goals. Resource sharing and cooperation are key aspects of this strategy.
Ekiti: A Beacon of Transparency and Progress
In his opening address, Governor Oyebanji emphasized the state’s commitment to reform, transparency, and accountability. These principles aim to build trust with stakeholders and ensure development initiatives are implemented effectively. He outlined his administration’s dedication to harnessing collaboration, securing necessary support, and acquiring resources. These will drive development in critical sectors like infrastructure, agriculture, healthcare, and education.
Ekiti: An Ideal Investment Destination
Governor Oyebanji didn’t shy away from promoting Ekiti as a prime investment destination. He highlighted the state’s top ranking in transparency and its recognition as the safest state in Nigeria. These factors, along with ongoing reforms, create a highly conducive environment for business operations.
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The Governor further emphasized his administration’s commitment to achieving the state’s 30-year development plan through partnerships with national and international development agencies. He invited these partners to explore the numerous opportunities and advantages Ekiti offers.
Ekiti Streamlines Processes for Business
Governor Oyebanji detailed his administration’s efforts to improve the ease of doing business in the state. Initiatives include establishing a small claims court, streamlining business permits, enforcing contracts, aligning tax policies to eliminate double taxation, and enhancing security measures.
A Gateway to the Future: Ado Ekiti Airport Nearing Completion
The Governor also revealed significant progress on the Ado Ekiti Airport project. This initiative, nearing completion and undergoing relevant aviation authority certifications, aims to be operational for commercial flights by the end of the year. The airport is envisioned as a catalyst for economic development by facilitating access to local and international markets.
International Community Joins Hands with Ekiti
Representatives from various international development agencies, including the British High Commission, USADF, USAID, Belgium Embassy, Japan Embassy, and UNiDOC, attended the meeting. They expressed their commitment to supporting the state and commended Governor Oyebanji’s proactive approach to collaboration.
The event served as a platform for Ekiti to showcase its development agenda and secure partnerships for a prosperous future. With the World Bank’s significant financial backing and a commitment to collaboration, Ekiti appears poised for a new era of economic growth.
