EKSG, ECOBANK Consolidate Partnership On Development

May 15, 2012

L-R: Ekiti State Deputy Governor, Mrs. Funmi Olayinka; Governor Kayode Fayemi; and Managing Director/CEO, EcoBank Plc, Mr. Jibril Aku, during a courtesy visit to the Governor, in Ado-Ekiti... on Tuesday.

Ekiti State Government and ECOBANK are poised to consolidate their existing relationship with a view to ensuring infrastructural development in the State.

Speaking while receiving the ECOBANK team led by its Managing Director/C.E.O., Mr. Jibril Aku  in Ado Ekiti, the State Governor, Dr. Kayode Fayemi said the state would continue the relationship it has with the bank in actualising the “gigantic ambitions” it has in transforming the State.

Dr. Fayemi said the State has now become a huge construction site following the N20 Billion Bond it got from the capital market adding that the fund is now being judiciously expended on projects which include road construction and rehabilitation, Ikogosi warm springs and resort as well as other initiatives. The Governor also disclosed that the state had signed a Memorandum of Understanding  with a South African investor that would manage  the Ikogosi warm spring on behalf of the government.

He added that his administration is very passionate about infrastructure development and urged the bank to assist with financing as well as Public-Private Partnership capacity building for workers in charge of  state finance.

The Governor said his administration was also desirous of support for its agriculture  initiative as government was set to generate at least 50 per cent of its Internally Generated Revenue from the sector.

The ECOBANK CEO, Mr Jibril Aku assured the bank stands ready to support the State Government in actaulising its goals, especially as the Fayemi-led administration  is removing “business from government” and giving it to the public so as to allow them take ownership.

Aku said though Ekiti state is small, it has become a model in various sectors, hence the Bank’s  readiness  to partner with it.


Last modified: May 15, 2012

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