Ekiti State Governor Biodun Oyebanji has reassured investors and business owners that his administration will relentlessly improve the business environment to attract investment to the state.
The governor, who spoke while inaugurating the newly completed modern market complex in Ado Ekiti, described establishing a building materials market as a milestone achievement in the state’s drive towards economic growth and infrastructure development.
He said the market would further enhance commercial activities and provide a central location for sourcing building materials in the state.
Governor Oyebanji said the project aligns with his administration’s commitment to creating an enabling environment for businesses to thrive.
The market, which is a Public-Private Partnership between the Ekiti State Government, through its trading arm, Fountain Holdings Limited, and New Frontier Development Limited, comprises 191 lock-up shops, a security post, a Cafeteria, a Clinic, car parks, and a warehouse, among other things.
He added that the market would ease access to building materials, stimulate local trading, create jobs, and boost internally generated revenue.
Governor Oyebanji, who noted that before the intervention, traders in building materials operated in scattered and unregulated spaces, making it difficult for customers to access what needed in one place, said the new market would also address the gap by bringing all categories of building materials dealers together under one roof, thereby promoting convenience, orderliness, and safety in original and commercial transactions
The Governor said, “The building materials sector played a critical role in the growth of our construction industry, by providing a centralised, well-organised place for business. We are not only improving access to quality building materials, we are creating an enabling environment for small and medium enterprises.”
Earlier, the chief executive officer of Fountain Holdings Limited, Mr. Adetunji Tolani, described the market as a testament to the power of strategic partnership, saying the project was in response to the growing demand for a well-organised commercial hub where building materials could be accessed in a single location.
