OLOGBO (EDO) – Edo State Governor Senator Monday Okpebholo has announced that his administration is fostering a business-friendly environment designed to boost manufacturing, create jobs, and drive sustainable economic growth.
The governor made the declaration on Monday during the groundbreaking ceremony for a 100MW Power Generating Plant and a 300 Metric Tons Per Day Liquefied Natural Gas (LNG) facility at Taihu Industrial Park in Ologbo, Ikpoba-Okha Local Government Area.
Describing the project as a milestone for industrial growth, energy security, and economic transformation, Governor Okpebholo said it will generate prosperity for Edo residents and attract further private sector investment.
“We are happy that this great investment is happening in our time. We do not sign fake MoUs; we follow the law to develop Edo State. Today marks another achievement in industrial growth, energy security, and economic transformation,” he said.
Welcoming the investors, he added, “When we were approached about this power plant project, we acted swiftly, partnering with the company and offering free land. What matters is investment, not money. Edo State is committed to providing an enabling environment for businesses to thrive.”
Governor Okpebholo also highlighted that the project aligns with President Bola Ahmed Tinubu’s “renewed hope agenda,” where power remains the backbone of industrialization.
He called on the host community to protect the investment and maintain peace, urging collaboration between investors and local residents.
Local government chairman Hon. Eric Osawaru described the groundbreaking as “a significant milestone for Ikpoba-Okha, Edo State, and Nigeria’s energy sector,” adding that it promises job creation, skills development, infrastructure growth, and community empowerment.
Deacon Osazuwa, speaking for the host community, commended the governor for improving investor confidence in Edo State.
“We thank you for choosing Ologbo for this investment; your name will forever be remembered as this project boosts local economic activity,” he said.
Commissioner for Power, Mr Paul Usebor, emphasised that the 100MW power plant will strengthen electricity supply within Edo State and beyond, while the LNG facility will enhance cleaner energy usage and energy security.
Representing MD Taihu, Mr Jiang Fan assured that the plant, set for completion in six months, will guarantee reliable power for industries and communities.
Phase one of the Taihu Benin Industrial Park will cover 29 hectares, developed by CCETC as the major contractor, and is expected to support regional energy supply and industrial growth.
