Thread by @ekitistategov

EKSG Concessions Ikogosi Warm Resort to Private Investor

Nigeria’s foremost tourism & hospitality company, @Irinajo_NG, has signed a concession agreement with the investment arm of @ekitistategov, Fountain Holdings Limited over the Ikogosi Warm Spring Resort for 15 years.

The Ikogosi resort, which was revived and fully operational during the first tenure of Governor Kayode Fayemi, was abandoned and left to rot by the succeeding administration.

This agreement comes after a long search by the Fayemi administration to secure a private investor to rehabilitate and take over the operation of the Ikogosi warm spring resort.

During the signing ceremony, the CEO of IrinAjo, Mr. Adedamola Idowu @dharmorla said the company was inspired by the ‘beautiful and uncommon phenomenon’ the resort is, adding that he intends to further push the global acclaim of the resort further than it is.

Mr Idowu said though there are challenges, he has a masterplan to reposition the facility in two phases – first, to return it to operational capacity and to expand the facility – which will be completed before December 2021.

Ikogosi Warm Spring Resort is a unique hospitality facility with a rare natural warm spring with a confluence of warm & cold water maintaining their thermal properties. The facility which has been developed with 91 rooms of different cadres, a unique warm spring swimming pool,...

320-seater amphitheatre, 150-seater mini hall with training aids, and a 500-seater conference hall, is being concessioned to improve Internally Generated Revenue (IGR) of Ekiti State.

The Fayemi administration has continued to demonstrate its commitment to harness the state’s tourism potentials and make it a destination for tourists and revenue enablers.

Read more: ekitistate.gov.ng/eksg-concessio…

Ikogosi Resort Photo credit: @Xultan_visuals