Follow Ekiti

Home
Follow Ekiti

Documenting and analyzing the implementation of policies, projects around the six-pillar agenda of Governor Biodun Oyebanji ‘s administration in Ekiti State.

17/10/2025

The administration in three years.

16/10/2025

This evening on X (formerly Twitter), we will be discussing The BAO Admin at 3.

Set a reminder, and don’t forget to join us.

7:30pm

https://twitter.com/i/spaces/1OyJAjlgjbaxb

23/09/2025

Between 2021 and 2023, Ekiti has recorded steady real GDP growth of at least 22%. The administration continues to consolidate these gains through targeted investments in agriculture and infrastructure.

29/08/2025

The Ulerwa free healthcare services under the BAO admin has recorded 9,736 safe baby deliveries. Also, 273, 685 malaria cases have been treated, and 187,346 children have been immunized.

Ekiti residents can visit any of the Primary Health Care facilities in the state to access these services free of charge.

27/08/2025

In 2023, Ekiti projected an IGR of N15.8bn, and had achieved N10.7bn by Q2— a 68.2% performance. 2024, it projected N22.5bn, and by Q2, it had made N16.3bn— a 72.8% performance. As at Q2, 2025, the state had achieved N27.5bn of the projected N29bn— a 94.6% performance.

This trend shows a rising performance.

08/08/2025

In the last two years, the Administration has initiated 36 road projects covering 288 kilometres across the state. Half of these roads are now completed, with the rest under construction.

29/07/2025

Ahead of the APC primary in Ekiti, Governor Biodun Oyebanji on July 28 received a state-wide endorsement for a second term.

A quick look back at how he secured the party’s ticket in 2022.

23/07/2025

106 Primary Health Care Centres, 9 General Hospitals have been constructed/renovated as the BAO administration continues to improve on healthcare delivery in Ekiti State.

18/07/2025

The BAO administration has cleared 4,352.7 hectares for farmers and agricultural investors across Ekiti State.

Ikole and Oye LGAs, part of the Special Agro-Processing Zone (SAPZ), recording the highest coverage.

09/07/2025

Two and a half years in, the BAO administration continues work across key areas aligned with its six-pillar agenda.

04/07/2025

One of the laws signed by Governor Biodun Oyebanji in 2023 is the Ekiti State Wealth Fund Law, 2023. Here are a few things from this:

The law establishes a "Fund" with the core objective of building a savings base for the state. The Fund will have a board of 9 members which include commissioners for finance, budget and economic planning, investment, trade and industry, and the attorney general.

There's going to be a chairman of the board, and the managing director of the Fund. Members of the board are appointed by the governor, and these appointments are subject to the approval of the house of assembly. Three other "funds" are also established under the Fund as; future security investment fund; state infrastructure and investment facilitation fund; and the stabilization fund.

These "funds" are almost designed after those of the Nigeria's Sovereign Wealth Fund (by the Nigeria Sovereign Investment Authority NSIA). How is the Fund funded? For the initial funding and set up, the state would provide a minimum of N1bn.
Subsequently, the Fund would draw funding from; minimum of 5% of the net statutory allocation due to the state; minimum of 10% of the net monthly IGR;
0.5% of contract sum awarded by the state; minimum of 15% of all exceptional revenue by the state government; diaspora remittance; donations by the LGAs.

Now, from the sixth year after the initial funds were received, and subject to subsequent funds in each year, the board may determine dividend to the state, and this will not exceed 50% of the annual profit of the Fund. When and how to withdraw from the Fund?

The Fund, upon the application of the commissioner for finance, and the unanimous resolution of the board and the house of assembly, can distribute a sum not exceeding 20% of the retained earnings of the stabilization fund. This money can only be withdrawn in the event of; a pandemic and natural disaster; budget deficit of the state government where the deficit exceeds 50% of the state's annual income; economic crisis with severe impact on the state.

It's important to note that the Fund will develop a rolling five years investment plan, and to be reviewed annually for the future security investment and also for the state infrastructure fund. In a nutshell, this is Government of Ekiti State, plan to save for raining days, and also meet up with development targets.
Interesting to add that after Lagos, Ekiti is second state in the subregion to drive this.

Address

Telephone

+2347068244447

Website

facebook.com

Alerts

Be the first to know and let us send you an email when Follow Ekiti posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Follow Ekiti:

Shortcuts

Want your business to be the top-listed Media Company?

Country:

City: