Edo State Government has secured a $250 million investment commitment following the signing of agreement between the state government and the European African Chamber of Commerce and Industries (EuroAfrica CCI).
The coalition represents chambers of commerce from 98 countries across Europe and Africa.
The deal, signed during the 2025 Edo State Global Investment Summit held in Glasgow, United Kingdom, outlines a strategic framework that will guide foreign investment into Edo over the next three to five years.
The funds will target pivotal sectors such as agriculture and agro-processing, mining and solid minerals, technical education, renewable energy, and green infrastructure.
Speaking through the Office of the Secretary to the State Government, Governor Monday Okpebholo reiterated his administration’s determination to foster a business-friendly climate. He highlighted reforms aimed at simplifying business registration, ensuring transparency in land administration, and offering tax incentives where appropriate.
“We are committed to maintaining transparency, accountability, and strong institutional support to ensure that these investments translate into jobs, opportunities, and sustainable development for Edo people,” Governor Okpebholo stated.
Representing EuroAfrica CCI at the signing, Director General Amb. Dr. Kingsley Obasohan affirmed the organization’s readiness to align with Nigeria’s and Edo State’s local content policies. He emphasized that the investment initiative would be deeply rooted in empowering local communities.
“We will 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,” Dr. Obasohan said.
The agreement, which will be in effect for an initial five-year term, also includes a mechanism for regular joint reviews to track progress and uphold mutual accountability.
The initiative underscores Governor Okpebholo’s broader agenda to establish Edo State as a premier investment hub in Nigeria, with a focus on inclusive economic growth and human capital development at the core of governance.