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Home Business News Politics

AfDB to finance road, airport and smart city in Ekiti State

Fakoyejo Olalekan by Fakoyejo Olalekan
June 25, 2019
in Politics
Ekiti state, Kayode Fayemi, African Development Bank (AfDB)
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The African Development Bank (AfDB) will be financing road project and upgrade of airport in Ekiti State. AfDB will also provide technical support for the development of a ‘smart city‘, a government project within the State.

AfDB showed interest in the infrastructure projects after the Governor of Ekiti State, Kayode Fayemi presented a proposal seeking the support of AfDB to complete the projects, Chief Press Secretary to the Governor, Yinka Oyebode disclosed.

Although the amount benchmark for the project was not disclosed, Oyebode in a statement, said the bank has pledged support to finance the upgrades and the agriculture processing zone project.

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The African Development Bank (AfDB) has expressed its readiness to provide technical and financial support for EKSG.

Read More Here 👉🏽 https://t.co/YO8Z1o6cRi pic.twitter.com/D3yIyZsnJ5

— Government of Ekiti State (@ekitistategov) June 23, 2019

The smart city, which is known as the Ekiti Knowledge zone was also among the projects that compelled AfDB to express its readiness for technical and financial support, as the smart city was initiated to promote knowledge economy within the State.

[READ ALSO: Nigeria to benefit from AfDB’s $40 million investment]

Also, AfDB is supporting the projects due to the prospects of creating job opportunities for youths in Ekiti State, which could be applied as measures to curb kidnapping and banditry in the country, AfDB’s President, Dr Akinwumi Adesina said during the meeting with Governor Fayemi.

While explaining his reason for approaching AfDB with the projects, Fayemi said infrastructure and industrial development are crucial to the growth of Ekiti State’s economy and these projects are in alignment with AfDB’s priorities.

AfDB's President Akinwumi Adesina and Ekiti State Governor Kayode Fayemi, AfDB to finance Ekiti State road and airport upgrade
Presentation during the meeting between AfDB’s President Akinwumi Adesina and Ekiti State Governor Kayode Fayemi (Source: Twitter)

[READ ALSO: UN supports AfDB’s $10bn ‘Desert to Power’ initiative for Africa]

“These are our local priorities. If you can support us, it will enable us to do some other things through our own limited resources.

“We have aligned our priorities to the AfDB’s priorities which apply to us, such as lighting up Africa; Feeding Africa; Industrialise Africa etc. All these apply to us as our plan is to make Ekiti a destination of choice for her citizens and all those who will like to live, work and invest in the state.

“To achieve this, we need to invest heavily in infrastructure. We want to fix the roads, have our small cargo airport that will aid agriculture and open our landlocked state to domestic and international markets and ultimately create jobs that our state urgently needs for its vibrant and educated youth population.” – Fayemi


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Tags: AfDB supports Ekiti State road and airport upgradeAfDB's Adesina and Governor Kayode FayemiAfDB's President Akinwumi AdesinaEkiti State Governor Kayode Fayemi
Fakoyejo Olalekan

Fakoyejo Olalekan

Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: fakoyejo.olalekan@nairametrics.com.

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