Edo, EuroAfrica CCI Seal $250m Investment Deal at Global Summit in Glasgow

The Edo State Government, under the leadership of Governor Monday Okpebholo, has secured a landmark $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 pact was signed during the 2025 Edo State Global Investment Summit in Glasgow, Scotland, and is set to run for an initial period of five years with joint review mechanisms to ensure accountability and measurable progress.

Under the agreement, EuroAfrica CCI will channel investments into critical sectors including agriculture and agro-processing, mining and solid minerals, renewable energy, green infrastructure, and technical education. The $250 million inflow will be rolled out over the next three to five years, with a focus on building capacity, creating jobs, and expanding industrial value chains within Edo State.

Speaking through the Office of the Secretary to the State Government, Governor Okpebholo reaffirmed his administration’s commitment to building an enabling business environment through transparent land administration, streamlined registration processes, and targeted tax incentives. He stressed that accountability and strong institutional support will remain central to converting these investments into tangible opportunities for Edo citizens.

Director General of EuroAfrica CCI, Amb. Dr. Kingsley Obasohan, pledged the coalition’s adherence to Edo State’s and Nigeria’s local content policies, assuring that the investments will directly empower citizens and strengthen the state’s industrial base.

The partnership further cements the Okpebholo administration’s vision to position Edo as Nigeria’s premier investment hub, driving inclusive growth and sustainable development for its people.