The Edo State Government, led by Governor Monday Okpebholo, has sealed a landmark $250 million investment agreement with the European African Chamber of Commerce and Industries (EuroAfrica CCI), a coalition representing chambers of commerce in 98 countries across Europe and Africa.
The deal, signed at the 2025 Edo State Global Investment Summit in Glasgow, Scotland, establishes a framework for strategic investment in Edo State over the next three to five years.
Under the agreement, EuroAfrica CCI will channel funds into critical sectors including agriculture and agro-processing, mining and solid minerals, technical education and skills training, renewable energy, and green infrastructure.
Governor Okpebholo, through the Office of the Secretary to the State Government, reaffirmed his administration’s commitment to creating a business-friendly environment through streamlined registration processes, transparent land administration, and where applicable, tax incentives. He assured that transparency, accountability, and institutional support will be upheld to ensure investments deliver jobs, opportunities, and sustainable development for the people of Edo.
Representing EuroAfrica CCI, Director General Amb. Dr. Kingsley Obasohan pledged to align with Edo State’s and Nigeria’s local content policies, ensuring that investments directly empower citizens through capacity building, employment creation, and expanded industrial value chains.
The agreement, initially set for five years, includes joint review mechanisms to track progress and maintain mutual accountability.
Governor Okpebholo described the partnership as a bold step toward positioning Edo State as a premier investment hub in Nigeria, with inclusive economic growth and human capital development at its core.
