Edo State Governor Monday Okpebholo, has signed an agreement with the European African Chamber of Commerce and Industries (EuroAfrica CCI) for the injection of $250 million into Edo State economy.
The investment was planned for over a period of three to five years.
EuroAfrica CCI is a coalition of chambers of commerce spanning 98 countries across Europe and Africa.
Governor Okpebholo signed the agreement during the 2025 Edo State Global Investment Summit, which held in Glasgow, Scotland, United Kingdom.
A statement by Okpebholo’s Chief Press Secretary, Fred Itua, said the agreement established a framework for strategic investment into key sectors including agriculture and agro-processing, mining and solid minerals, technical education and skills training, renewable energy, and green infrastructure.
The statement said Governor Okpebholo, through the Office of the Secretary to the State Government, reaffirmed his administration’s commitment to creating an enabling business environment through streamlined registration processes, transparent land administration and tax incentives.
Governor Okpebholo emphasised that his administration would uphold transparency, accountability, and strong institutional support to ensure that these investments were translated into jobs, opportunities, and sustainable development for Edo people.
EuroAfrica CCI, represented by its Director General, Amb. Dr. Kingsley Obasohan, pledged to work in line with Edo State’s and Nigeria’s local content policies to guarantee that the investments directly empowered Edo citizens by building capacity, creating employment, and expanding industrial value chains.
Itua further said: ‘This partnership reaffirms Monday 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’.
