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ABOUT US

Introduction

In order to ensure continuity of projects and programmes by successive Governments in the State, Ekiti State Transition Law, 2019 was promulgated and signed into law with the intention to encourage prospective investors to invest in Ekiti State. The law is also aimed at checking the wanton abandonment of projects simply because they were not initiated by the incumbent and to avoid successive governments from abandoning government projects, hence this will give prospective investors the assurances and confidence that their investments are safe and secured in the State.

 

Ekiti State is acclaimed to be one of the best States to live and to work in Nigeria. Fountain Holdings therefore play critical role in influencing policies and legislations to support the creation of this enabling business environment and at the same time facilitating flow of investment into the state.
Given that Ekiti State Government identified critical infrastructures such as construction of roads, provision of water, land, in addition to the development of knowledge zone, ete as necessary factors in achieving its investment goals, Fountain Holdings Limited is committed to supporting the realization of this objective through attracting the attention of prospective private investors to the investment opportunities in the State.

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STRATEGIC OBJECTIVES

  • Fountain Holdings Limited as the investment arm of the Government of Ekiti State is saddled with the responsibility to manage efficiently the existing business interest and investment portfolios of the State Government. In doing this we seek private sector partnership to develop sustainable investment model that will achieve the goals of revenue generation, employment creation as well as the overall growth and development of the state.
  • We design the framework for Public Private Partnership in all investment activities with a view to create a win-win situation that will be attractive to prospective investors. In addition to repositioning existing business, we are required to identify new business opportunities for either direct management or through joint venture arrangement.
  • We identify and capture investment opportunities in emerging sectors to the benefits of the Government of Ekiti State and our partners.

Our Mission

To seek private partnerships to build profitable business ventures as well as deploying investment strategies through collaboration on sustainable operating models for the mutual benefits of its stakeholders.

Our Vision

To be the notable revenue generating Investment Arm of the Government of Ekiti State.

Our Core Motivation

Strategies

Strategic planning fuels our long-term success by aligning actions with clear, measurable objectives.

Systems

Integrated systems enhance efficiency and enable seamless operations across all levels of our business.

Structures

Our well-defined organizational structures promote clarity, accountability, and strong teamwork.

People

Our greatest asset is our people—their passion, talent, and collaboration drive us forward.

Processes

Streamlined, efficient processes are the backbone of everything we do, ensuring consistency and quality.

Policies

Clear, fair policies empower us to maintain integrity and make informed, reliable decisions.

Procedures

Standardized procedures create reliability and precision, helping us meet goals with confidence.

Projects

Every project is an opportunity for growth and innovation, guiding us toward our shared vision.

High Returns On Every Investment

High ROI isn’t just about making money—it’s about making every penny work harder for you.

Our Associate Companies

IRE CLAY FACTORY​

Ire Clay Products Limited is one of the few manufacturers of clay products in Nigeria.The Company is jointly owned by Ekiti State Government and Odu’a Investment Company. ICPL manufactures a range of clay products consisting of eleven different clay products among which are clay bricks for foundation, wall partitioning, sun breaker, decking floor, load bearing walls and facing slips for finishing. The company in 2022 divested and sold 60% equity stake to New Frontier Development Limited while retaining 28% and ODUA Investment Limited having 18%.

IKUN DIARY FARM EKITI

Ikun Dairy Farm Limited is jointly owned by Promosidor and the Government of Ekiti State (represented by FHL). In line with the investment philosophy of the Government of Ekiti State, a strategic partnership was secured with Promasidor Nigeria Limited to reposition the facility. The Special Purpose Vehicle, IDFL has presently attained substantial progress with 600 cows on the farm, additional 430 exotic cows are presently expected on the farm and it is projected that the facility will produce 10,00 litres of milk daily at full operational capacity. Fountain Holdings has also entered into partnership agreement with the renowned Company,Promasidor Limited who are currently the major stakeholder for proper efficiency

FOUNTAIN HOTELS ADO-EKITI

  • Fountain Hotel is a 32-room all en-suite facility located within the expansive Trade Fait complex, along lyin Road, Ado-Ekiti. The hotel has all necessary ancillary facilities such as standby generators, swimming pool, laundry, bar, restaurant and large parking space.

EKITI HOTEL ABUJA

The hotel facility is located on plot 1042, Kur Mohammed Street, Central Business District, a serene, secured and accessible location behind the National Mosque and within the proximity of Federal secretariat, the National Assembly Complex, and As Rock ve The hotel facility is just about 25 minutes’ drive to Nnamdi Azikiwe International Airport, Abuja.

Meet The

Board of Directors

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Jide Ogundare

Board Chairman
Mr Jide Ogundare is the Chairman of the Board of Directors of Fountain Holdings Limited. Jide is a trained Economist and former Executive Director and Head, Retail Banking Division of Guaranty Trust Bank (GTBank), where he worked for 21 years, before retiring in 2011 ending a highly successful career in Banking....
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Adetunji Tolani

Chief Executive Officer
Mr Tolani is a versatile administrator, Investment expert and a stockbroker.He is a graduate of Bayero University Kano and University of ilorin with a masters in Business Administration.Tolani is also an aluminus of Oxford University,UK, Harvard University, Wharton business school, University college Los Angeles, California( UCLA) amongst others.
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Akintunde Oyebode

Director
Akintunde Oyebode is a director of Fountain Holdings Limited. He is an Economist, with a career spanning finance, investment promotion and youth employment. He began his career as a Research Assistant at the Lagos Business School, and spent over a decade in various banking roles with First City Monument Bank (FCMB) and Stanbic IBTC Bank....
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Folakemi Fatogbe

Director
Folakemi Fatogbe, a banker and risk management expert was a former Director, Risk Management at the Central Bank of Nigeria (CBN). She is the Chief Executive Officer/Founder, De-Risking Lab, and the Creative Director/ Founder of Oyaato...
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Olakunle Gidado

Director
Gidado has an extensive experience in the oil and Gas sector and currently heads Nigeria- Lukoil International Trading and Supply Company. He had previously served as Managing Director and Regional Lead, BP Global West Africa...
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Omotayo Adeola

Director
Currently the Commissioner for Investment, Trade and Industry in Ekiti State, Mrs Adeola came into public service as a Special Adviser to the Governor on Investment, Trade and Industry. Adeola is an investment banker with over 31 years...
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Ayo Fakolade

Director
Ayo Fakolade, Founder of Compleo Legal, has significant and diverse expertise in commercial Law. He has advised several indigenous and foreign companies, development finance institutions, non-profit organisations and individuals...