Ekiti State is one state in the country with a friendly business environment, aiding smooth production for the Small and Medium Enterprises (SMEs), though it must begin to act as a nation.
This was disclosed by Vice President, Yemi Osinbajo at the Ekiti State Fountain Summit, in the state’s capital, Ado-Ekiti, on Thursday.
At the summit, which Nairametrics is an official media partner, Osinbajo advised that the government of the state under Governor Kayode Fayemi should see itself as a nation, as that would aid the faster growth of its economy.
What VP Osinbajo is saying
Speaking at the summit, Osinbajo said, “Ekiti State has a friendly business environment that is helping and promoting the operations of SMEs in the state. The state within the nation is not a necessarilly a nation but must think and act like a nation. It derives some resources from the federal pool and generates some income.
“The sum of this will provide infrastructure and services to the community. The quantity of the opportunities available to provide livelihood for the people will depend on how the state enables the local and foreign investment to put their resources into business for commercial activities in the state.”
Why it matters
As it hosts its maiden economic development and investment summit, Ekiti State is positioning itself as an attractive destination for private and foreign investors.
According to the governor of the state, Kayode Fayemi, the state is gearing for recovery from the economic downturn and is assured of a positive outlook for its economy.
“We are on a mission of recovery and economic restoration together, and I assure you of our firm commitment to the ideals of a safe, secure, and prosperous Ekiti State. The resources may be limited, but our resourcefulness and creativity are unlimited,” the governor said.