Ekiti State Development and Investment Promotion Agency (EKDIPA) Law, no. 8 of 2019.

The purpose of this Law, consisting of 34 sections and divided into five Parts, is to establish the Ekiti State Investment and Development Promotion Agency (EKDIPA) as a body competent to initiate, promote, coordinate and create a conducive environment for investments and development in the State through Greenfield, Brownfield, Public Private Partnerships, privatisation, commercialisation of State owned assets and concessions, enterprise development schemes and employability programmes.
The Law defines the following functions of the Agency: management of all enterprise development and job creation initiatives; advice and assistance to the government in creating an attractive and competitive climate for business that will lead to robust economic activities in the State; monitoring the implementation, execution and delivery of projects as contained in agreements between the Government and respective investors; conducting risk or benefit assessment that will assist the Government in decision making and the implementation of all projects and programmes; assisting the State in building capacity for investment project identification, evaluation, planning, execution and management; financing for investment from multilateral and bilateral development partners as well as private investors, both domestic and foreign through Public Private Partnerships and other financial arrangements; establishment of a framework for monitoring and evaluating the progress of the State’s strategic economic investment programmes and projects for effective implementation; fostering of sustainable economic growth and create job opportunity; identification of land for agricultural, housing, commercial, industrial and other uses so that it can be speedily made available to qualify investors protecting the rights of all stakeholders (land owners, occupiers, communities) and providing opportunities for optimal land use for investment and job creation; developing a reliable database on investment opportunities for effective planning especially in areas where the State has demonstrable comparative and competitive advantages. Other matters defined by this Law concern: power of the Agency; establishment, tenure, remuneration and functions of the Board; report and accounts; powers of the governor; staff of the Agency and its functions; funding; audit of account.