A concession agreement has been signed between a tourism and hospitality company, IrinAjo and Fountain Holdings Limited, and an investment arm of the Ekiti State Government, over the management of popular Ikogosi Warm Spring Resort
Details of the agreement revealed that it’s for a 15-year period.
The CEO of IrinAjo, Mr Adedamola Idowu, during the signing ceremony 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.
According to Mr Idowu, 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 and cold water maintaining their thermal properties.
The facility which has been developed with 91 rooms of different cadres, unique warm spring swimming pool, 320 seater amphitheatre, 150-seater mini Hall with training aids and a 500-seater conference hall, is being concessioned in order to yield better revenue and to improve Internally Generated Revenue (IGR) of Ekiti State.