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Ondo State was created on February 3, 1976 from the defunct Western Region of Nigeria with its administrative capital in Akure

Also known as the ‘Sunshine State’, and with a population of about 5.3 million (2022 estimate), Ondo State is the 19th most populous state in the country covering a land area of approximately 15,500 square kilometers. It borders Ekiti State to the north, Kogi State to the northeast, Edo State to the east, Delta State to the southeast, Ogun State to the southwest, Osun State to the northwest, and the Atlantic Ocean to the south.

INVESTMENT PROPOSALS TO ONDIPA SHOULD INCLUDE A DETAILED COVER LETTER PLUS THE FOLLOWING

COMPANY PROFILE

  1. Name of company
  2. Company’s current financial position and report
  3. Comparable projects, years of experience, and certificates of competency
  4. Details of contact personnels

BUSINESS STRATEGY

  1. Viability of priority sector project
  2. Examination of the market
  3. Job creation, specifying precisely how many direct and indirect jobs are to be produced
  4. Benefits to the State/Citizens
  5. Work plan with dates and specifics of work execution
  6. Estimated investment cost.
  7. Project design (where applicable)

STATUTORY REQUIREMENTS:

  1. Detailed project investment cost
  2. Evidence of previous similar projects executed by the company, if any
  3. Evidence of incorporation ((certificate of incorporation, CAC2 and CAC7)
  4. Evidence of tax compliance
  5. Evidence of technical expertise to implement the project successfully
  6. Technical partners
  7. Proposed work schedule from the date of MOU execution
  8. Environmental Impact Assessment (where applicable)

FINANCIAL PROOF OF FUNDS

  1. Proof and sources of funding
  2. A statement from your bank detailing the total amount of inflows and outflows over a six-month period

INVESTMENT PROCESS MAP

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Investment House, Alagbaka, Akure, Ondo State
contact@ondipa.org

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ONDIPA was structured to meet all corporate best practices to ensure seamless integration of potential investors, development partners and investments into the growth and development of the Ondo State economy.

Copyright © ONDIPA 2023

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