The Edo State Government has secured a landmark $250 million investment agreement with the European African Chamber of Commerce and Industries (EuroAfrica CCI), a coalition of chambers of commerce covering 98 countries across Europe and Africa.
The deal, signed during the 2025 Edo State Global Investment Summit in Glasgow, will see EuroAfrica CCI channel investments into agriculture and agro-processing, mining and solid minerals, technical education and skills training, renewable energy, and green infrastructure over a period of three to five years.
Governor Monday Okpebholo, through the Office of the Secretary to the State Government, reaffirmed his administration’s commitment to creating an enabling environment for investors by streamlining registration processes, ensuring transparent land administration, and offering tax incentives where necessary.
He stressed that transparency, accountability, and institutional support will be the guiding principles to ensure that the investments generate jobs, expand opportunities, and drive sustainable development for Edo people.
Representing EuroAfrica CCI, Director General Amb. Dr. Kingsley Obasohan pledged to align with Edo State and Nigeria’s local content policies to guarantee that investments directly empower citizens through capacity building, employment creation, and expansion of industrial value chains.
The agreement, which runs for an initial period of five years, includes joint review mechanisms to track progress and maintain mutual accountability.
This milestone underscores the Okpebholo administration’s resolve to position Edo State as a premier investment hub in Nigeria, with inclusive growth and human capital development at the heart of governance.
📩 Reported by: Stone Reporters News
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