Benin City — The Edo State government has struck a $250 million investment agreement with EuroAfrica Chamber of Commerce and Industries (EuroAfrica CCI), targeting growth in agriculture, solid minerals, skills training, and green infrastructure over the next three to five years.
The deal was signed during the state’s Global Investment Summit, where Governor Monday Okpebholo reiterated his commitment to creating a business-friendly environment. He emphasized better land registration, incentives for investors, and enhanced transparency as key features of the administration’s strategy.
Under the agreement, a significant portion of the funds will flow into agriculture and agro-processing, mining and solid minerals, and technical education. EuroAfrica CCI committed to aligning with local content policies to ensure rural communities benefit in terms of jobs, local capacity building, and value-chain development.
Governor Okpebholo said the pact will bring sustained economic opportunities for Edo residents. He mentioned that the framework includes regular joint reviews to monitor actual progress and ensure accountability from all parties.
With this deal, the state is positioning itself as a priority destination for investment in Nigeria. Officials believe that leveraging its natural resources, youthful population, and improving infrastructure will be crucial to achieving long-term development goals.
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