The Ekiti State Government is intensifying efforts to grow the local economy and support small businesses through a ₦1 billion Cooperative Fund designed to provide affordable financing to cooperative societies and small-scale entrepreneurs.
Commissioner for Finance and Economic Development, Mr. Akintunde Oyebode, announced the plan, stating that the fund will complement ongoing collaborations with financial institutions like Bosak Microfinance Bank and Access Bank, which are already aiding small business owners and women entrepreneurs across the state.
Oyebode also highlighted a successful $1 million partnership with the U.S. African Development Foundation, which has supported 10 agricultural cooperatives. Notably, the Ode-Ekiti Cooperative has begun producing locally milled rice as a result.
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He emphasized the government's role in enabling value creators, stating that business growth leads to job creation, increased productivity, and higher revenue.
Over ₦193 billion has been invested by the Oyebanji administration in infrastructure—including roads, healthcare, schools, and agriculture—to improve business efficiency.
Speaking on recent engagements like the PEBEC Stakeholders' Forum, he praised EKDIPA for streamlining business processes and urged residents to stay hopeful and supportive, noting the administration's steady progress and future potential under Governor Oyebanji.
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