Ekiti attracts $50million investments in 2 years – Fayemi

Gov fayemi



Gov fayemi
Ekiti State Governor, Dr Kayode Fayemi, has revealed that his
administration in the first two years attracted investment worth $50
million to the state in its efforts to reduce over dependence on the
federal revenue allocation.
Dr Fayemi, who stated this on Tuesday at the second labour roundtable
meeting held at the Conference Hall of the Governor’s Office, said his
administration had set some mechanism in motion by creating business
opportunity and making the state a destination of choice for
Present at the roundtable were the Deputy Governor, Otunba Bisi
Egbeyemi, the Head of Service, Mrs Peju Babafemi and other top
government officials.
Governor Fayemi who revealed that payment of salaries had been a
miracle in view of the current economic downturn and the financial
stress occasioned by the Covid-19 pandemic, however promised that his
government would not renege on his responsibilities to workers.
While commending the labour leaders for their doggedness and the frank
conveyance of the feeling of their members which included arrears of
salaries and subventions, the Governor promised to ensure that all
their agitations are met as long as the finances of the state improve.
He expressed the fact that it was not reasonable to borrow to pay
Dr Fayemi expressed his commitment to minimum wage and expressed
optimism that negotiation on consequential adjustment for grade level
7 and above would be completed before the end of the year.
He revealed that some states that have commenced minimum wage have now
reverted to paying 50 percent or 70 percent to workers saying he did
not want to commence what he would not be able to sustain, adding that
he would rather keep people at work than promise what state finances
cannot pay.
“The fact that we had maintained salary payment in Ekiti without fail
is in itself a miracle but what we need to do is to find a mechanism
to move away from dependency on that federal allocation by creating
business opportunities and making our state an investment friendly
“And in the last year, we attracted about 50 million dollar
investment, that is what we’ve done in the last two years, there are
other investment that have come to the state, it is the only solution,
Ekiti has to be investment friendly, and we have to also in our own
way, we have to make it easy for businesses to run in order to reduce
our dependence on federal allocation.
“I’m sure if there had been no Covid-19, we would have done quite a
bit more on arrears and I don’t need to bore you with the situation we
found ourselves, the IGR that had been a relative shock absorber is
abysmally low, we have had to even offer concession to people who are
paying taxes so that they would not suffer from the untoward effect of
“If there had been no Covid-19, we probably would have moved a lot
faster, on settlement of arrears of salaries and subventions, and we
would still try to do what we can with that, what we would not do is
to borrow to pay salaries, it’s not just something I believe would be
sustainable over a long time, that is not to say we should not do what
you want us to do, but we should find a way to do it without
borrowing, that for me is the solution to it.
“I am very optimistic that 2021 is going to be better for workers, it
will bring a more improved financial situation for our state and
automatically for our workers because in spite of the difficulties we
make sure that, at least we kept things on an even bill.
“For nine months this year, our junior workers were not at work but we
paid their salaries for the entire period.”
On the spate of insecurity nationwide, Dr Fayemi assured the people of
the state that his administration would continue to ensure that
underlying causes of insecurity which included poverty and
unemployment would be tackled headlong.
He said his administration was already making adequate preparation
against any form of banditry especially in the school by ensuring that
all schools are fenced with security guards manning such institutions.
The Governor, who disclosed that virtually all those responsible for
kidnapping in the state have been arrested, said his administration
was set to strengthen Amotekun and other security outfits to be more
active in their joint security patrol.
He noted that every resident of the state owe it a duty to be security
conscious and should not be left to government alone. Dr Fayemi urged
everyone to be vigilant and promptly report any heinous activities to
security operatives.
Earlier, the Senior Special Assistant to the Governor on Labour,
Comrade Oluyemi Esan commended the Governor for maintaining good
relationship with labour saying the state had witnessed improved
government-labour relations.
Comrade Esan noted that despite some little differences with labour,
crisis situations have always been averted because of the labour
friendly posture of the governor.
In their goodwill messages, the Chairmen of Nigeria Labour Congress,
Comrade Kolapo Olatunde; Trade Union Congress, Comrade Sola Adigun and
Joint Negotiating Council, Comrade Kayode Fatomiluyi jointly gave
kudos for Governor Kayode Fayemi’s developmental strides in the state
especially for the various projects he initiated, completed and
inaugurated during his second year anniversary.
The Labour leaders, who described Governor Fayemi as one with the
wisdom of Awolowo also commended him for the legacy projects in the
education, health and other sectors as well as the approval of
advancement for 603 workers in the state saying it’s only Awolowo in
the country that capitalized on education

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