Government of Ekiti State, Nigeria.

Ekiti State Development and Investment Promotion Agency (EKDIPA)

Ekiti Development and Investment Promotion Agency was established in June, 2019 when the Ekiti State Development and Investment Promotion Law 8 of 2019 was signed by the Governor of Ekiti State, Dr. Kayode Fayemi

In June 2019, Ekiti Development and Investment Promotion Agency (EKDIPA) was created to coordinate investment promotion, improve the business environment, and make Ekiti an investment destination of choice, not only in Nigeria, but in Africa. EKDIPA shall drive the Government’s investment objectives and be responsible for overseeing all investment activities in Ekiti State.

Our Themes of Service:

  1. Finance (Investments)
  2. Stewardship (Service)
  3. Innovation (Creativity & Entrepreneurship)
  4. Partnership

To promote investment opportunities and improve the investment climate in Ekiti State through efficient service delivery to key stakeholders

To be the foremost development and investment promotion institution in West Africa.

Ekiti State is open for business

  1. A long-term plan for the development of the state.
  2. A competent and dedicated leadership team
  3. Best in class laws to crowd in private capital and protect investments
  4. A commitment to improving the business environment
  5. An Investment Promotion Agency backed by Law, and a best-in-class Public-Private Partnerships legislation

Good Governance

  • Effective governance – The Government has laid out a comprehensive plan for the development of the state. The JKF2.0 document sets out plans for defining Ekiti’s long-term vision.
  • The entrenchment of the rule of law and a dedicated leadership team comprising personnel with quality education, sincerity of purpose, clarity of thought, and integrity.
  • Efficient land management process to protect private property and drive investments

Investment Promotion Agency Law and PPP Framework

  • A dedicated investment promotion agency has been set up by an Act of the State’s Assembly – The Ekiti State Development and Investment Promotion Agency law provide a legal framework for investment promotion and facilitation in the State.
  • A dedicated office has been established within the Investment promotion agency for the State’s ease of doing business reforms.
  • A public-private partnership (PPP) framework has been developed to guide investments in the state.

Knowledge Economy

  • The historical heritage of being the education capital of Nigeria, a very literate population with school enrolment rising, presence of 6 tertiary institutions within an education quadrangle.

Macroeconomic Data

Ekiti State Gross Domestic Product was found to be N879.93 billion in 2013 which grew to N936.26 billion in 2014 and N1,225.2 billion in 2015. It further increased to N1,369.40 billion and N1,390.02 billion in 2016 and 2017 respectively. The figure based on current basic prices grew by 6.40% in 2014, 30.86% in 2015 and 11.77% in 2016. It however increased by as low as 1.51% in 2017 depicting the economy to be facing some critical challenges.

The agriculture sector and the Services sector were the dominant contributors to the economy throughout years 2013 to 2017. The contributions of Agriculture to the State GDP ranged between 39.6% and 46.2% during the period. The State GDP per capita was observed to be rising from N209,845.53 in 2013 to N411,201.81 in 2016 after which it dropped to N404,247.39 in 2017.

  1. Improve the ease of doing business in Ekiti State
  2. Increase investment in Ekiti by mobilizing both public and private sector funding
  3. Promote Ekiti as an investment destination of choice and a brand to be associated with
  4. Position Ekiti as a technology and innovation hub in conjunction with relevant ministries departments and agencies
  5. Profitably manage State assets

Functions of EKDIPA.

(1) Manage all enterprise development and job creation initiatives that maybe undertaken by the Government.

(2) Advise and assist the government in creating an attractive and competitive climate for business that will lead to robust economic activities in the State;

(3) Monitor the implementation, execution and delivery of projects as contained in agreements between the Government and respective investors;

(4) Enter into and participate as an agent of the Government in any such business, project, transaction negotiations or financial arrangement which the Government desires to enter into or participate in its direct capacity as a State and not through any other statutory corporation;

(5) Act as trustee, hold and dispose of any such property in trust for and on behalf of the Government; however subject to the provisions of the Land Use Act in relation to Land Matters;

(6) Advise and conduct risk or benefit assessment that will assist the Government in decision making and the implementation of all projects and programmes pursuant to the State Investment Promotion Strategy;

(7) EKDIPA may grant a margin of preference in the evaluation of Expression of Interest when comparing from domestic bidders with those from foreign bidders or when comparing Expression of Interest from domestic suppliers offering services locally with those from foreign suppliers;

(8) Assist the State in building capacity for investment project identification, evaluation, planning, execution and management;

(9) Source on behalf of the Government, finance for investment from multilateral and bilateral development partners as well as private investors, both domestic and foreign through Public Private Partnerships and other financial arrangements, and where appropriate, act as lead negotiator in transactions with private investors that ensure the needs of the State and those of its citizens are well represented;

(10) Advise and assist in the establishment of a framework for monitoring and evaluating the progress of the State’s strategic economic investment programmes and projects for effective implementation;

(11) Foster sustainable economic growth and create job opportunity for the residents of the State. (12) Establish a framework for identifying and proactively engaging the Federal Government and its Agencies in the investment promotion drive of the State;

(13) Publish and periodically revise data and information on the investment status of the State in order to assist prospective investors to evaluate the State’s potential as a lucrative investment destination;

(14) Convey, assign, surrender and yield up, accept the surrender of, charge, mortgage, demise, reassign, transfer or otherwise dispose of, or deal with any movable or immovable property vested in EKDIPA;

(15) Articulate, clear growth and development strategies for providing needed support and appropriate incentives to grow the local private sector and enlarge the economic base of the State in line with the priorities of the State;

(16) Based on the State’s resources focused on the approved EKDIPA strategy, identify and document available land for agricultural, housing, commercial, industrial and other uses so that it can be speedily made available to qualify investors in a manner that protects the rights of all stakeholders (land owners, occupiers, communities) and provides opportunities for optimal land use for investment and job creation;

(17) Advise and assist the government in developing and maintaining a comprehensive and reliable database on investment opportunities for effective planning especially in areas where the State has demonstrable comparative and competitive advantages;

(18) Develop a database of reputable prospective and potential investors both in Nigeria and abroad with a view to reaching out to them when opportunities arise;

(19) Plan well-researched investment promotion activities including tours and road shows aimed at promoting specific investment projects in areas where the State has demonstrable comparative and competitive advantages;

(20) Act as the State’s lead negotiator for all Public Private Partnership models including Build Operate-Transfer, Concession, Privatization Transactions etc. even when they are identified and/or project managed by other Ministries, Departments and Agencies;

(21) Act as a one-stop resource and coordination centre for all investment related activities;

(22) Take over existing State projects, structures and outfits which fall within mandate; and even where they are identified and/or project managed by other Ministries, Departments and Agencies;

(23) The Agency shall be in charge of all Ease of Doing Business Initiative in the State;

(24) Perform such other functions as the Governor may from time to time direct or as may be deemed necessary to achieve its primary purpose under this Law.

EKDIPA shall have powers to:

(1) Conclude arrangements with any person for the effective implementation of any programme or project and to enter into such other contracts as it may deem necessary to facilitate its functions under this Law;

(2) Procure, within its budgetary limit, any property or service it may require for the effective discharge of its functions under this Law and to dispose of any such property or terminate any such service;

(3) Request the Head of any Ministry, Department or agency of the Government to furnish it with any document, explanation or other information it may require for the due execution of its functions under this Law;

(4) Accept gifts of land, money or other property on such terms and conditions, if any, as may be specified by the person or organisation making the gift;

(5) Not accept any gift if the conditions attached by the person or organisation offering the gift are inconsistent with the objectives and functions of EKDIPA under this Law;

(6) Regulate its own proceedings;

(7) Insure its property against all forms of risk; and

(8) Do such other things as are reasonably incidental supplemental or conducive to its functions under this Law.

Board of Directors


Lolade Ronke OLUTOLA


Director of Investment Promotion and Management

Ayodele Oluwatoyin Bolatito
Director of Investment Promotion and Management

Oluwatoyin started her career with Ekiti State Government in 2012 as an Investment Promotion Officer in the Ministry of Commerce & Industry. When EKDIPA was established in 2019, she was posted to the Agency as Director of Investment Promotion and Management (DIPM); the sole career officer, to ensure the smooth take-off and seamless operations of the Agency.

As DIPM, Oluwatoyin has served in various capacities and played different roles, all geared towards making Ekiti State a choice investment destination in Nigeria. She has served as secretary to the State Ease of Doing Business Steering Committee since 2019 and is the focal person for Ekiti State in its relationship with national and sub-national investment initiatives such as NIPC, NICPS, DAWN Commission, and PERL among others.

Oluwatoyin is an alumnus of Olabisi Onabanjo University where she obtained a BSc degree in Geology in 2002. She is a member of NMGS and holds a postgraduate diploma in Business Administration.


Director of Strategy and Marketing

Kemisola Olusola
Director of Strategy and Marketing

Kemisola is a dedicated and accomplished professional with a diverse background in public administration, finance and strategic management which has been demonstrated across various Ministries, Departments and Agencies of the Ekiti State Government.

As the Director of Strategy and Marketing at Ekiti State Development and Investment Promotion Agency (EKDIPA), her primary focus is to drive the agency’s annual strategic initiatives and promote Ekiti State as an investment destination. Her responsibilities include managing the agency’s online presence, coordinating sectoral research, fostering collaborations with key stakeholders to remove barriers hindering private sector growth and organizing promotional campaigns to showcase Ekiti State’s investment opportunities.

Kemisola possesses a Master of Science in Economics from Afe Babalola University, Ado Ekiti and a Bachelor of Science in Economics from Redeemer’s University, Ede, Osun State in Nigeria. She is also an associate member of both the Chartered Institute of Personnel Management and the Institute of Chartered Accountants of Nigeria.

With a strong commitment to excellence and a positive can-do attitude, Kemisola is able to coordinate a diverse team and develop procedures to make the workplace more effective and efficient.


Director of Finance and Accounts

Obayanju Busayo

Director of Administration and Supply

Adeyinka Adesegun


Falade S. O.

Ekiti Development and Investment Promotion Agency (EKDIPA)
First Floor, Revenue House (Mutual Building)
Fajuyi, Ado-Ekiti,
Ekiti State, Nigeria. | |

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