Potential investors in the mining and energy sector have been hosted in Benin City by the Ministry of Mining and Energy, which is part of the State Government and works to promote economic growth and development in Edo State.
The managing director of E5 Energy Service Limited, Mr. David Ashaolu, led the team of investors. The representatives of the Edo State Government included Mr. Kizito Okpebholo, special adviser to the governor on investment and revenue, as well as Mrs. Ese Martina Omoruyi, permanent secretary of the Ministry of Mining and Energy; Mr. Joseph Nyamali, permanent secretary of the Ministry of Water Resources; and Mrs. Adegboyega Toyin, managing director of the Urban Water Corporation.
The investors indicated interest in establishing two 10-50 MW hydropower generating plants at the Ikpoba River Dam and the Ojirami Dam in the state.
The project aims to create renewable and sustainable energy, aligning with the State Government’s vision of harnessing its natural resources for economic growth and environmental sustainability.
Mrs. Omoruyi, in her welcome address, acknowledged the State’s receptiveness to partnerships and its commitment to creating a conducive business environment. She emphasized that Edo State is rich in raw resources and requires good partners to harness its potential, ensuring benefits for both investors and the State’s residents. The discussion also highlighted the State’s efforts to offer vital data and support for investors.
Mrs. Omoruyi stated that the State Government performed comprehensive data analysis and exploration in the mining industry last year and also won the right to govern electricity in the State as proof of the Ministry’s progressiveness. The discussion closed on a positive one, with all participants expressing enthusiasm for the proposed relationship and its potential to favorably influence the State.
The development marks a significant step towards achieving the Edo State Government’s vision of making the State a model for investment and economic growth.
