From mercy Peter
Edo State has taken a bold step in its economic transformation journey with the signing of a landmark $250 million investment agreement with the European African Chamber of Commerce and Industries (EuroAfrica CCI), a coalition of chambers of commerce representing 98 countries across Europe and Africa.
The deal, sealed during the 2025 Edo State Global Investment Summit in Glasgow, Scotland, sets the stage for a strategic partnership that will see major investments in agriculture, agro-processing, mining, solid minerals, technical education, renewable energy, and green infrastructure over the next three to five years.
Speaking on behalf of Governor Monday Okpebholo, the Office of the Secretary to the State Government reaffirmed the administration’s determination to create a business-friendly environment that guarantees investor confidence.
This includes streamlined registration procedures, transparent land administration, and targeted tax incentives.
Governor Okpebholo, in his remarks, stressed the importance of accountability and transparency in ensuring that the investments translate into real opportunities for Edo people.
“Our administration is committed to fostering an environment where businesses can thrive. We will ensure that every dollar invested yields jobs, skills, and sustainable development for our citizens,” he assured.
Representing EuroAfrica CCI, Director General Amb. Dr. Kingsley Obasohan pledged the organization’s commitment to aligning its investment with Nigeria’s local content policies.
He emphasized that the initiative will empower Edo people through job creation, skills transfer, and the expansion of industrial value chains.
“This partnership is not just about investment; it is about building capacity and ensuring Edo State citizens are at the center of industrial growth,” Amb. Obasohan stated.
The agreement, which runs initially for five years, will be subject to regular joint reviews to monitor progress and uphold mutual accountability.
The landmark deal underscores the Okpebholo administration’s resolve to position Edo as a premier investment destination in Nigeria, leveraging its resources and human capital to drive inclusive growth and long-term prosperity.
