$50 million Agriculture Investments for Ekiti state.
The Ekiti State Government’s drive to attract investment to the State has yielded positive results, especially in agriculture, where various investors have concluded plans to site their production facilities in the State.
The State recently issued a Certificate of Occupancy (C of O) to Stallion Group for a $10 million rice mill in Ado-Ekiti, the state capital, while Dangote Group is also finalizing plans to locate a $5 million mill within the same location, which is now being seen as the rice processing hub of the State.
In the cassava value chain, FMS Farms is finalizing plans to set up a $10 million starch processing plant and farm in Ikole LGA, and has already commenced farming activities. In addition, Promise Point has also invested $15 million in its starch processing facility, within the same area, which has also been designated as part of the Special Agro-Industrial Processing Zone.
This is coming after the $5 million investment by Promasidor to renovate and operate the moribund Ikun Dairy Farm, and another $5 million investment by JMK Foods to build a rice mill in Ekiti State.
According toM Akintunde Oyebode, the Special Adviser to the Governor on Investment, Trade and Innovations, the investments attracted to Ekiti are early results of the Government’s focus on building an enabling environment for business to thrive.
Oyebode said many of these investors only have to deal with the Ekiti State Development and Investment Promotion Agency (EKDIPA) to process their land titles and other requests. “By being responsive to their needs, and carrying out constant aftercare services even when they’re fully established, we are showing other investors that Ekiti is the place to be.”
He stated that the State is developing two special economic zones for Agro-Industrial activities and the knowledge economy, adding “apart from those investors who have already chosen Ekiti as a location to do business, w
