Edo State Secures $250 Million Investment Pact

Edo State Government has inked a $250 million deal with the European African Chamber of Commerce and Industries (EACCI), a transcontinental coalition of chambers spanning 98 nations across Europe and Africa.

The agreement—finalised at the 2025 Edo State Global Investment Summit in Glasgow, Scotland—will direct funds into key sectors including agriculture and agro-processing, mining and solid minerals, technical education, renewable energy, and green infrastructure.

According to Governor Monday Okpebholo’s Chief Press Secretary, Fred Itua, this framework will guide strategic investments over the next three to five years. The state has also pledged to create a conducive investment climate through streamlined registration processes, transparent land administration, and tax incentives where applicable.

Edo’s administration sees the pact as a step toward positioning the state as a leading destination for investment in Nigeria, with an emphasis on accountability and local inclusion.

EACCI, represented by its Director-General Dr. Kingsley Obasohan, affirmed its commitment to aligning with Edo’s local content policies to ensure benefits—such as job creation and capacity building—flow directly to Edo citizens.