Ekiti State Gets $200million From World Bank

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Governor Oyebanji of Ekiti State on Tuesday during a strategy meeting with Heads of Development Agencies at the Transcorp Hilton, Abuja, said with the right partnership and collaboration with local and international development agencies, the state’s development goals could be significantly accelerated through mutual cooperation and resources sharing.

Governor Oyebanji spoke just as the World Bank said it had committed over $200 million to Ekiti State, out of which $60 million has been disbursed so far in some critical aspects of the state’s development. 

The Governor outlines the efforts by his administration to improve Ease of Doing Business in the state and include the establishment of a small claims court, streamlining of business permits, enforcement of contracts, aligning tax policy to remove double taxation, as well as enhanced security among others.

“On Ease of Doing Business, we have gone so far. I head and chair the committee on Ease of Doing Business. We have streamlined business permit, enforcement of contracts. We are at a point of having a one- stop shop physically and virtually that addresses the concerns of investors in the state. “said Ekiti Governor

He also revealed that access to the state is being improved with investment in road infrastructure. He also revealed that the Ado Ekiti airport would be ready for commercial operation before the end of the year, adding that the airport is undergoing a certification process by relevant aviation authorities.

He mentioned that officials of the NCAA and FAAN are currently in the state for the certification for commercial operation of the airport, adding that commercial flights would become operative at the airport before the end of the year.

The airport project, he said, was conceived to aid economic development and growth in the state through access to local and international markets.

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