Bonds: Ekiti Clears All Outstanding on NSE

  • Bonds: Ekiti Clears All Outstanding on NSE

In a bid to attract more investors to Ekiti State, Mr Kayode Fayemi, the Governor of the State has cleared all outstanding bonds listed on the Nigerian Stock Exchange (NSE), the governor said on Friday.

Mr Fayemi, who presented “Investing in Ekiti: Facts Behind the State Economy,” at the Nigerian Stock Exchange in Lagos on Friday,  said the state is ready for more investments and encourage potential investors to speak with officials on numerous investment opportunities that exist in the state.

Fayemi explained that the state could not create jobs or develop without a strong collaboration with the private sector.

He said, “It is the private sector that can fly that process. But we have a duty to make the climate and condition for job creation available for the private sector to thrive.

“We have passed a law establishing the Ekiti State Development and Investment Promotion Agency. Once the agency commences full operations, it will drive our Ease of Doing Business reforms and provide investors with a one-stop shop to deal with investment-related matters.”

“The state’s tourism assets also provide significant investment opportunities. At the appropriate time, the state will seek investors for some of its existing assets, as well as several greenfield opportunities.

“This will be complemented by a clear strategy on attracting business, recreational and medical or wellness tourists to Ekiti State.”

The governor assures potential investors of security and stability in the state, saying Ekiti state focus is now on peace and security — the two foundations of any growing state.

He also said in order for the state to remain competitive, it has started investing in infrastructure.

He said, “We are quite concerned about the increasing spate of violence against ordinary citizens and it is the duty of the government to provide security and welfare of the citizens.”

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya

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