Edo State signs $250m investment deal with EuroAfrica CCI

Edo State Government has signed a $250 million agreement with the European African Chamber of Commerce and Industries, a coalition of chambers of commerce covering 98 countries across Europe and Africa.

The deal was sealed during the 2025 Edo State Global Investment Summit in Glasgow, Scotland, and will focus on agriculture and agro-processing, mining and solid minerals, technical education and skills training, renewable energy, and green infrastructure.

A statement on Thursday by the governor’s Chief Press Secretary, Fred Itua, said the agreement establishes a framework for strategic investment in Edo State over a period of three to five years.

“The Edo State Government, under the leadership of Governor Monday Okpebholo, has signed a $250m agreement with the European African Chamber of Commerce and Industries. Under the agreement, investments will be channelled into key sectors including agriculture and agro-processing, mining and solid minerals, technical education and skills training, renewable energy, and green infrastructure,” the statement read.

Itua added that the partnership underscored the government’s commitment to creating an enabling business environment through streamlined registration processes, transparent land administration, and, where applicable, tax incentives.

The statement further noted that the state government would uphold transparency, accountability, and strong institutional support to ensure that the investments translate into jobs, opportunities, and sustainable development for Edo people.

“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 agreement will run for an initial period of five years, with regular joint review mechanisms to monitor progress and ensure mutual accountability,” the statement added.

EuroAfrica CCI, represented by its Director-General, Dr Kingsley Obasohan, pledged to align with Edo’s local content policies.

He said the approach would guarantee that investments directly empower Edo citizens through capacity building, job creation, and expanded industrial value chains.