Ekiti State Secures $80 Million Investment for Thriving Knowledge Zone and Advances Educational Excellence
Ekiti State, Nigeria, is set to achieve groundbreaking progress with the Africa Development Bank’s recent approval of an $80 million loan for the Ekiti Knowledge Zone (EKZ) Project. This strategic initiative aligns with the United Nations’ Sustainable Development Goals and underscores the visionary leadership of the State Governor.
The EKZ Project, a master-planned city development, aims to foster innovation among technology companies and startups, contributing to the region’s socio-economic growth. The Ekiti State government’s commitment, providing $14 million as counterpart funding, reflects a harmonious Public-Private Partnership model.
Anticipated to be rolled out in two phases, the EKZ site’s strategic location near the proposed Ekiti cargo airport and renowned educational institutions showcases the thoughtful planning behind this endeavor.