The Edo State Government has signed a $250 million investment agreement with the European African Chamber of Commerce and Industries (EuroAfrica CCI), a coalition representing chambers of commerce across 98 countries in Europe and Africa.

The deal, finalised at the 2025 Edo State Global Investment Summit in Glasgow, Scotland, will drive fresh investments into agriculture, agro-processing, mining, renewable energy, technical education, and green infrastructure over the next three to five years.

In a statement on Thursday, Governor Monday Okpebholo’s Chief Press Secretary, Fred Itua, said the agreement aims to position Edo as a premier investment destination in Nigeria, with agriculture and agro-processing standing out as priority areas.

“The investments will create jobs, expand value chains, and empower local farmers through access to technology, processing facilities, and export opportunities,” the statement added.

The government assured that it would provide an enabling business climate through streamlined registration processes, transparent land administration, and tax incentives where applicable. 

Transparency, accountability, and institutional support were also highlighted as safeguards to ensure the projects translate into sustainable development for Edo citizens.

EuroAfrica CCI’s Director-General, Dr Kingsley Obasohan, pledged alignment with Edo’s local content policies. He noted that the initiative would directly benefit Edo people through capacity building, job creation, and inclusive industrial growth.

Agriculture stakeholders say the deal could be a turning point for Edo farmers, as it promises to unlock opportunities in crop processing, agro-export, and skills training for young agripreneurs. 

The initial five-year phase of the partnership will undergo regular reviews to ensure mutual accountability and measurable progress.

Source: Punch News

Image Credit:  Govt Monday Okpebholo