BENIN CITY – Edo State Government has secured a $250 million investment commitment from the European African Chamber of Commerce and Industries (EuroAfrica CCI), a coalition of chambers of commerce representing 98 countries across Europe and Africa.
The landmark agreement was signed during the 2025 Edo State Global Investment Summit held in Glasgow, Scotland, United Kingdom.
Under the deal, EuroAfrica CCI will inject $250 million into Edo’s economy over the next three to five years, targeting key sectors such as agriculture and agro-processing, mining and solid minerals, technical education and skills training, renewable energy, and green infrastructure.
Governor Monday Okpebholo, in a statement issued through his Chief Press Secretary, Fred Itua, reaffirmed his administration’s resolve to create an enabling business environment by streamlining registration processes, ensuring transparent land administration, and granting tax incentives where necessary.
He assured that his government would maintain transparency, accountability, and institutional support to guarantee that the investments translate into jobs, opportunities, and sustainable development for Edo people.
Ambassador Dr. Kingsley Obasohan, Director-General of EuroAfrica CCI, pledged that the investments would align with Edo and Nigeria’s local content policies to empower citizens through capacity building, job creation, and expansion of industrial value chains.
The agreement, which will run for an initial five-year period, includes joint review mechanisms to track progress and ensure accountability.
Governor Okpebholo described the partnership as a major step in positioning Edo as a premier investment destination in Nigeria, with inclusive economic growth and human capital development at the core of his administration’s priorities.
