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| Edo State Governor signs $250 million investment framework. |
Edo State Government has signed a major investment agreement worth 250 million dollars with the European African Chamber of Commerce and Industries . The deal was finalized at the 2025 Edo State Global Investment Summit in Glasgow, United Kingdom .
The agreement sets up a plan for strategic investment into the state's economy over three to five years . Governor Monday Okpebholo's administration said the partnership will focus on key areas for development. These areas are agriculture and agro-processing, mining and solid minerals, technical education and skills training, renewable energy, and green infrastructure .
Through a statement from his office, Governor Okpebholo reaffirmed his commitment to making the state business-friendly . He said the government is working to smooth business registration processes. It is also ensuring transparent land administration and offering tax incentives where suitable . The governor emphasized that the government will maintain transparency and accountability. He promised strong institutional support to make sure the investments create jobs and opportunities for the people of Edo .
The European African Chamber of Commerce and Industries, or EuroAfrica CCI, is a coalition of chambers from 98 countries in Europe and Africa . Its Director General, Amb. Dr. Kingsley Obasohan, said the chamber will follow Edo State and Nigeria's local content policies . This approach is designed to ensure that investments directly benefit the local population. The goal is to empower citizens through capacity building, job creation, and the expansion of industrial value chains .
This investment deal is a key part of the Okpebholo administration's larger plan. The aim is to make Edo State a leading destination for investment in Nigeria . The government says inclusive economic growth and human capital development are central to its governance . The agreement is set to run for an initial term of five years . Both sides have agreed to set up regular joint review meetings. These checks will monitor progress and ensure both parties are held accountable .
The partnership highlights the increasing role of diaspora engagement and international chambers in driving economic development in the region . By channeling funds into both traditional sectors like agriculture and modern fields like green infrastructure, the deal seeks to balance immediate economic needs with long-term, sustainable growth . Officials expect the investments to significantly boost the state's industrial capabilities and create new employment paths for its people .