The Ekiti State Government has begun disbursing N55.6 million in grants to 177 selected entrepreneurs across the state under the Innovation Enterprise Support Fund (IESF), as part of efforts to strengthen the local innovation ecosystem and promote enterprise growth.
The Commissioner for Innovation, Science and Digital Economy, Oluwaseun Fakuade, announced the development in a statement on Sunday, June 15, 2026.
According to Fakuade, the fund, established under Governor Biodun Oyebanji’s administration received 746 applications from entrepreneurs and innovators across all 16 local government areas.
After a competitive screening process and bootcamp, 177 applicants were selected as beneficiaries.
He described the commencement of disbursement as a major milestone in building a thriving innovation economy in Ekiti.
“This is a promise fulfilled. When His Excellency, Governor Oyebanji, directed us to build an innovation ecosystem that reaches every part of Ekiti State, this is what that commitment looks like in practice,” Fakuade said.
The first disbursement cycle is being
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