Benin City, Nigeria – The Edo State Government has sealed a $250 million Edo investment deal with the European African Chamber of Commerce and Industries (EuroAfrica CCI), aimed at driving growth across agriculture, mining, renewable energy, and skills development.
The agreement, signed during the 2025 Edo State Global Investment Summit in Glasgow, United Kingdom, sets a five-year framework for strategic investments. EuroAfrica CCI, a coalition representing chambers of commerce in 98 countries, pledged to channel funds into agriculture and agro-processing, mining and solid minerals, technical education, green infrastructure, and renewable energy projects.
Governor Monday Okpebholo, represented by the Secretary to the State Government, underscored his administration’s commitment to providing a conducive business environment. “We are determined to uphold transparency, accountability, and strong institutional support to ensure that these investments translate into jobs, opportunities, and sustainable development for Edo people,” he said. Measures to streamline registration, simplify land administration, and offer targeted tax incentives were also highlighted.
EuroAfrica CCI’s Director General, Ambassador Dr. Kingsley Obasohan, pledged to align with Nigeria’s local content policies. He emphasized that the initiative would prioritize building capacity, creating employment, and expanding industrial value chains to directly benefit Edo citizens.
The pact, scheduled to run for an initial five years, includes joint review mechanisms to track progress and ensure accountability. Analysts say the deal positions Edo State as a competitive investment destination in Nigeria, with potential to accelerate industrial diversification and human capital development.
“This partnership reaffirms our resolve to make Edo a premier hub for investment,” Governor Okpebholo said, stressing that inclusive growth and capacity building will remain central to governance.
The $250 million Edo investment deal is expected to provide a major boost to Edo’s economy, deepening its integration into global markets while advancing sustainable development goals.
