The Edo State Government has sealed 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, finalized during the 2025 Edo State Global Investment Summit in Glasgow, Scotland, is targeted at boosting key sectors including agriculture and agro-processing, mining and solid minerals, renewable energy, technical education, skills training, and green infrastructure.
According to a statement released on Thursday by the governor’s Chief Press Secretary, Fred Itua, the partnership establishes a strategic investment framework for a period of three to five years.
Governor Monday Okpebholo described the deal as a major step towards repositioning Edo as a leading investment destination in Nigeria. He assured investors that his administration would maintain transparency, accountability, and strong institutional support to guarantee that the investments translate into jobs, opportunities, and sustainable development for the people of Edo State.
The agreement also promises an enabling business environment with streamlined registration processes, transparent land administration, and where necessary, tax incentives to encourage investors.
“This partnership reaffirms the Okpebholo administration’s resolve to position Edo State as a premier destination for investment in Nigeria, ensuring that inclusive economic growth and human capital development remain at the heart of governance,” the statement read.
The five-year agreement includes regular joint review mechanisms to track progress and ensure mutual accountability.
Dr. Kingsley Obasohan, Director-General of EuroAfrica CCI, pledged to align the initiative with Edo’s local content policies, ensuring that investments directly benefit citizens through capacity building, job creation, and expansion of industrial value chains.
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