To establish Ekiti State as a globally recognized knowledge and innovation hub, driving sustainable economic growth through technology, education, and strategic partnerships across West Africa and beyond.
To create a world-class economic zone that attracts global investment, fosters innovation, and empowers the people of Ekiti State with the skills and opportunities needed to thrive in the 21st century economy.
The Ekiti Knowledge Zone has secured critical funding support from the World Bank and other international development partners to build a comprehensive ecosystem for education, technology, and innovation. This investment is designed to catalyze sustainable economic growth, create jobs for over 10,000 residents, and position Ekiti State as West Africa's premier knowledge-driven economy.
Ekiti Knowledge Zone is anchored in a national mandate, established through a collaboration between the Federal Government of Nigeria and the Ekiti State Government, with support from the African Development Bank (AfDB).
The project is part of the broader Special Agro-Industrial Processing Zone (SAPZ) initiative, designed to transform resource-rich states into industrial and innovation powerhouses, fostering sustainable development and economic diversification for Nigeria's growing population.
As a designated Free Trade Zone (FTZ), the Ekiti Knowledge Zone offers investors a unique combination of fiscal incentives, strategic location, and access to a vast pool of educated, innovative talent in the heart of Nigeria.
Milestones
The passage of the EKSPA bill into law ensures that the EKZ framework is backed by legislation, providing long-term stability and investor confidence for all stakeholders.
Early-stage investment secured to kick-start foundational infrastructure, feasibility studies, and stakeholder engagement across the zone.
A comprehensive roadmap detailing the phased development of infrastructure, including roads, utilities, and digital connectivity across the EKZ.
The Environmental and Social Impact Assessment (ESIA) has received provisional approval, clearing a critical regulatory hurdle for project advancement.
Comprehensive resettlement action plan ensuring local communities are supported and involved in the development process with fair compensation frameworks.
Official federal approval granting the Ekiti Zone Free Trade Zone status, unlocking significant fiscal incentives for businesses and investors in the zone.
A subsidiary loan agreement has been executed, securing additional funding for the phased rollout of key infrastructure and development priorities.
Detailed project work and procurement plans for the next phase have been finalized, ensuring transparent and efficient execution of all development activities.
A qualified consultant has been appointed to oversee the implementation of the Resettlement Action Plan, ensuring compliance with international best practices.