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Ekiti Govt to present proposed Enterprise Development Bill to Assembly



Ekiti Government is set to present a bill that will encourage investors to bring their businesses to the state and promote entrepreneurial activities.

Ekiti Commissioner for Investment, Trade and Industries, Chief David Olusoga, disclosed this on Thursday in Ado-Ekiti while receiving members of the Ekiti House of Assembly Committee on Investment, Trade and Industries in his office.

Nigeria News Agency , reports that the committee was led by its Chairman, Mr Yemi Osatuyi, on an oversight visit to the ministry.

Olusoga restated the determination of Gov. Kayode Fayemi-led administration to developing the state through investment and industrial revolution.

The commissioner said the document to be known as ‘Enterprise Development Bill’ would create a more conducive atmosphere and motivational strategies to attract investors to the state.

He said the proposed bill would soon be presented to the state Assembly for legislative consideration and passage.

He called on the committee members to support its speedy passage.

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He disclosed  that the state would soon access the N500 million Central Bank of Nigeria (CBN) Small and Medium Scale Enterprise loan to be disbursed to cooperative societies in the state.

Olusoga also appealed to the committee in particular and the state Assembly in general to assist in the resuscitation of the near moribund Ekiti State Cooperative College in Ijero-Ekiti, in Ijero Local Government Area, so as to make the institution one of the best in Nigeria.

In his remarks, the Chairman, House Committee on Investment, Trade and Industries, Osatuyi said that the committee was in the ministry to monitor and familiarise itself with the happenings as part of its oversight functions.

Osatuyi charged the leadership of the ministry to fashion out ways of projecting the Cooperative College to the public for patronage.

He advised the ministry to facilitate the cooperatives college’s possible affiliation to the State University as well as introduction of part-time courses in the school.

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The committee chairman thereafter advised the heads of the ministry to engage the service of commercial banks in the disbursement of the proposed CBN’s SME loans to avoid defaults in its repayment.

He then assured that his committee would support the ministry in whatever capacity to make it achieve its desired objectives.


Edited by Abiodun Esan/Donald Ugwu