Edo signs $250m investment agreement with EuroAfrica CCI
Edo signs $250m investment agreement with EuroAfrica CCI
The Edo State Government, under the leadership of Governor Monday Okpebholo, has signed a $250 m agreement with the European African Chamber of Commerce and Industries, a coalition of chambers of commerce spanning 98 countries across Europe and Africa.
The agreement was signed during the 2025 Edo State Global Investment Summit, which took place in Glasgow, Scotland, United Kingdom.
In a statement on Thursday, the Governor’s Chief Press Secretary, Fred Itua, said the agreement establishes a framework for strategic investment in Edo State over a period of three to five years.
He said, “The Edo State Government, under the leadership of Governor Monday Okpebholo, has signed a $250 m agreement with the European African Chamber of Commerce and Industries.
“Under the agreement, investments will be channelled into key sectors including agriculture and agro-processing, mining and solid minerals, technical education and skills training, renewable energy, and green infrastructure.”
Itua noted that Governor Okpebholo has reaffirmed his administration’s commitment to creating an enabling business environment through streamlined registration processes, transparent land administration, and, where applicable, tax incentives.
He emphasised that the government would uphold transparency, accountability, and strong institutional support to ensure that these investments translate into jobs, opportunities, and sustainable development for Edo people.
EuroAfrica CCI, represented by its Director General, Dr. Kingsley Obasohan, pledged to work in line with Edo State’s and Nigeria’s local content policies to guarantee that investments directly empower Edo citizens by building capacity, creating employment, and expanding industrial value chains.
This partnership reaffirms the Okpebholo administration’s resolve to position Edo State as a premier destination for investment in Nigeria, ensuring that inclusive economic growth and human capital development remain at the heart of governance.
The agreement will run for an initial period of five years, with regular joint review mechanisms to monitor progress and ensure mutual accountability.
