Edo Targets Business, Economic Growth with Investment Summit

The Edo State Government says it is planning an investment summit to attract investors into the state in order boost business and economic growth.

According to a statement, the summit themed, “Envisioning the Future”, will bring together top local and international business leaders, investors, bankers, industry experts, policymakers and the academia to set the agenda for the development of the state.

The statement noted that the maiden edition of the summit would showcase how Edo State would partner the private sector to leverage the state’s competitive advantage in different sectors for sustainable economic growth.

Governor Godwin Obaseki of Edo State was quoted as saying that there was a need to prepare an average citizen of the state for the government’s 30-year vision, which rests on five key thematic pillars, namely institutional reform, environmental sustainability, economic development, social welfare, arts, culture and tourism.

“With the theme: Alaghodaro; a Benin catch phrase meaning progress or moving forward, we intend to use the first business convention as a magnet to pull and attract business and investment interests to Benin, the state capital, to deliberate on Edo’s future,” the governor added.

The Chairman of the summit’s planning committee, Asue Ighodalo, while shedding light on the planned summit, said, “The summit is designed to foster knowledge sharing, build relationships, spark innovation and inspire commitment to strategic deployment of capital for greater socio-economic and environmental impact.”

Ighodalo, a seasoned investment lawyer, currently sits on the board of the Nigerian Economic Summit Group.

He has been the chairman of the board of Sterling Bank Plc since 2014 just as he also sits at the boards of private companies and NGOs including the Christopher Kolade Foundation, FATE Foundation, Lagos State Lottery Board, Main Street Technologies Limited, Union Bank (UK) among others.

According to Obaseki, there is a plan to transform the state into a transport hub, with the anchors being the Gelegele Seaport, which would aid the evacuation of agricultural produce for local and global markets.

Source: Punch