Ekiti Boosts Economic Growth with Fountain Holdings,EKDIPA Board Inauguration

In a move towards advancing Ekiti State’s economic agenda, Governor Biodun Oyebanji has officially inaugurated the chairmen and Boards of Directors for Fountain Holdings Ltd (FHL) and the Ekiti Development and Investment Promotion Agency (EKDIPA).


The inauguration ceremony, held at the Exco Chambers, Governor’s Office, Ado-Ekiti, emphasized the governor’s commitment to repositioning the state’s investment agencies and business sector.

Governor Oyebanji, addressing the newly appointed leaders, emphasized the urgency of diversifying the current investment portfolio, exploring new opportunities, and playing a pivotal role in job creation and wealth generation. Highlighting the significance of Fountain Holdings, he urged the leadership to contribute directly to the state’s development plan through profits and taxes generated from its business operations.

The Governor called for strategic investments aligned with the state’s local content agenda, focusing on housing, capital and credit access, technological advancements, infrastructure, and knowledge development.

Mr. Jide Ogundare, the newly appointed Chairman of Fountain Holdings, and his team received a charge to make substantial contributions to the state’s prosperity.

Governor Oyebanji emphasized the shared goals of both agencies in promoting business opportunities for Ekiti people, encouraging synergy, attracting direct investments, making symbolic capital contributions, and boosting investors’ confidence. Board members for Fountain Holdings Ltd (FHL) and EKDIPA were announced, with the Governor expressing gratitude for their acceptance of responsibility and assuring them of his support.

Responding on behalf of others, the reappointed chairman of Fountain Holdings, Mr. Jide Ogundare, assured the people of the state that the newly inaugurated boards would leverage their capacities to transform the business narrative in Ekiti.

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