Ekiti Government in Nigeria has identified infrastructure, agricultural-processing zones, air cargo facilities and a knowledge hub as critical areas that need support from the African Development Bank (AfDB) to help transform the state.
The bank said on its website accessed by News Agency of Nigeria that the request for the support was made by a Nigerian delegation led by Ekiti Governor, Kayode Fayemi, at a meeting chaired by the bank’s President, Dr Akinwumi Adesina.
“Ekiti presents a lot of opportunities for investment and our agenda revolves around infrastructure development and agribusiness in order to create jobs and improve the livelihood of our people.
“We see a lot of synergies in what we are doing and the bank’s high 5 agenda,” Fayemi said.
NAN reports that agriculture provides income and employment for up to 75 per cent of residents of Ekiti, located in Southwest of Nigeria with a population of 2.3 million people.
It is rich in untapped natural mineral resources including casserole, columbite and tantalite.
Adesina pledged the bank’s commitment to support Nigeria.
“We, as a bank, stand solidly behind any initiative that aims to create jobs and improve the life of the people.
“You need to use your comparative advantage. If we believe in our youth, then we need to invest in them,” Adesina said.
He urged Nigerian government to sign the African Continental Free Trade Area deal, which he said, could become an industrial powerhouse and take advantage of the benefits of the 3.3 trillion dollar market.
“Nigeria can put itself in a striking position by taking advantage of this huge market.
“Since 1971, the bank invested about 52 million dollars in Ekiti in the areas of social and human capital development, agriculture and multi-sectoral development, ” Adesina said.
Edited by Tajudeeen Atitebi
8-year old wins Kwadie Events dance competition
Lagos Police Command arrests 5 armed robbery suspects, 73 suspected cultists
EEDC denies collecting N2m from estate residents in Aba,
UNICEF, EU train 2,115 in Kebbi for reproductive health
Presidency explains spending on $1bn security fund, dismisses PDP’s claims
Kane hits 93rd minute wonder-goal as Spurs sink Juventus in Singapore
2nd MSMEs Award: MSME of the year to win cars, cash – Presidency
FIBA AFROCAN: Nigeria lose second match 55-81 to DR Congo
TCN suspends Kano DisCo from electricity market
Police arrest 57-year-old man for allegedly stabbing brother to death
General news10 hours ago
Most Local Government Councils in North East operate separate accounts – NAN survey
General news9 hours ago
Cleric enjoins Christians to show exemplary leadership qualities
Economy7 hours ago
Expert advises MPC to reduce MPR by 50 basis points as inflation declines
Politics6 hours ago
Gov. Bello seeks synergy between executive, legislative arms
Foreign8 hours ago
Suicide bomber hits hospital kills 8, injures 22
General news24 hours ago
Hajj: Nigerian pilgrims visit Qu’ran exhibition centre, Madinah
General news13 hours ago
Cleric tells Nigerian pilgrims to hold sanctity of Madinah
Education12 hours ago
Education needs total commitment, says Naval Education Director