Ecobank has entered into partnership with the Kwara state government and South Gate Technologies on land administration on the computerisation of the end to end processes of all land related matters in Kwara State as opposed to the manually driven mechanism which allows for revenue leakages.
The bank and its technical partner, South Gate Technologies, will develop and deploy e-governance solutions for better revenue efficiency. The project is to be executed under the Public Private Partnership (PPP) model of Design-Finance-Deploy- Train and Manage (DFD-TM) with a tenor of five years.
The three parties had last week signed a Memorandum of Understanding (MoU) to signify the commencement of the Scheme. Commenting on the development, group chief executive, Ecobank Transnational Incorporated (ETI), Ade Ayeyemi, who was represented by group head, Cash Management and Client Access, Isaac Kamuta, said the choice of Ecobank as partner in the digitisation project further attest to the bank’s pedigree in revenue collection and digital banking technology. He assured that the Bank has put measures in place to ensure the realization of the set objectives.
“We are indeed glad for this opportunity extended to us once again by the Kwara State government. We will make success out of this project just like we did with the Kwara Payroll project. Also, working with our partner, South Gate Technologies who have the requisite expertise having embarked on similar projects in some other states will definitely bring about the expected result,” he said.
Also speaking, the Kwara State Governor, Dr. Abdulfatah Ahmed, said the digitisation of land administration was an e-governance initiative meant to introduce efficiency into land administration, create optimal utilisation of wealth and effective deployment of goods and services in the state. The Governor said the reform is giant step towards efficiency in deployment of goods and services to create maximum impact on majority of people through the deployment of technology.
“This MoU will lead to an improvement in the quality of service delivery, shorten turnaround time and maintain consistency in services. The digitisation of land administration in the Kwara State will bring about an increase in the Internally Generated Revenue (IGR) with estimated annual revenue on lands administration above #5billion, reduce fraud and improve ease of doing business. This will also improve public perception of state bureaucracy and strengthen institutional capacity as well as improve overall performance of public service,” the governor said.
On his part, the managing director, South Gate Technologies, Folajomi Sarumi assured that every effort would be deployed to make the project a success. He said, “This project will create an ease of accessing right of occupancy. With the land documents, people could access funds in banks for business and thereby grow wealth. In fact, Kwara state will never be the same again.”