GLASGOW INVESTMENT SUMMIT: EDO GOVERNMENT SEALS $250 MILLION DEAL WITH EURO-AFRICA CCI

The Edo State Government, led by Governor Monday Okpebholo, has signed a landmark 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.

This was contained in a statement by his Chief press secretary Fred Itua and made available to journalists

The signing took place at the 2025 Edo State Global Investment Summit in Glasgow, Scotland, United Kingdom.

Under the agreement, EuroAfrica CCI will invest $250 million in Edo State over the next three to five years. The funding will target strategic sectors including agriculture and agro-processing, mining and solid minerals, renewable energy, green infrastructure, and technical education with skills training.

Governor Okpebholo, through the Office of the Secretary to the State Government, reaffirmed his administration’s dedication to fostering a business-friendly environment by streamlining registration processes, ensuring transparent land administration, and offering tax incentives where applicable.

He assured that transparency, accountability, and institutional support will remain central to ensure the investments generate jobs, opportunities, and sustainable development for Edo citizens.

EuroAfrica CCI, represented by its Director General, Amb. Dr. Kingsley Obasohan, pledged to align with Edo State and Nigeria’s local content policies. The body emphasized its commitment to empowering Edo people through capacity building, employment generation, and strengthening industrial value chains.

This partnership highlights the Okpebholo administration’s determination to position Edo as a prime investment hub in Nigeria, with a focus on inclusive growth and human capital development.

The agreement will span an initial five-year period, with joint review mechanisms in place to track progress and maintain accountability.