The Ekiti State Executive Council has approved the Project Facilitation Fund (PFF) documents for implementation under the World Bank State Action on Business Enabling Reforms (SABER) programme.
The decision was taken at the Council’s meeting held on Tuesday, 16th December, 2025, as part of the state’s participation in the SABER programme and in fulfilment of a key requirement under Disbursement-Linked Indicator (DLI) 3, which focuses on developing an effective Public Private Partnership (PPP) framework.
According to the Council, the approval “meets the expectation that the State develops and publishes Project Facilitation Fund documents to strengthen private sector participation in infrastructure and investment projects.”
The approved documents include the Ekiti State Infrastructure and Investment Facilitation Fund Regulation, the Ekiti State Project Facilitation Fund (PFF) Business Plan and Financial Plan, and the Ekiti State Project Facilitation Fund (PFF) Governance and Operational Manual.
The Council explained that the documents outline the recommended structure, governance, and operational modalities for the PFF, noting that they are consistent with national PPP policies and aligned with international best practices.
In preparing the documents, the Ekiti State Development and Investment Promotion Agency (EKDIPA) considered the Ekiti Wealth Fund Law 2023 as the legal framework for the PFF. The PFF was reviewed and cleared by the Nigeria Governors’ Forum (NGF) Secretariat for use, while all three documents were developed with technical support from the NGF through virtual review sessions to ensure quality and compliance and transparent implementation across state.
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