Edo State Investment Guide reveals investment Opportunities

THE Edo State Government established its interest towards the quest for investors to its petrochemical sector, power generation, polythene bags, agro-processing, tourism and solid minerals at the Lagos International Trade Fair.

Based on the state’s Investment Guide, A major key goals of the current dispensation is the desire to open up the investment frontiers in Edo State.

the state’s Investment Guide states,  “The abundant natural raw material resources in the state, favorable for the development of agro-allied, construction and other industrial complexes make the state a centre for a viable investment opportunities, both for large, medium and small-scale industries,” it added.

The Guide reveals that the state had the largest potential for gas production in the country, adding that oil drilling undertaken in Edo State produces 70 per cent of gas and 30 per cent of crude oil.

It noted that with the current growth and subsequent increase in demand for infrastructure and services, the generation of power through the installation of Independent Power Plant was encouraged.

Adding that, “Industries such as feed and flour mills at Ewu, solid mineral processing plant at Ikpeshi, have relied on the few industries in the country for its packaging needs.  This is certainly an opportunity for investors to harness,” it added.

On agriculture opportunities, it stated: “Edo State is largely an agrarian state with many agricultural crops such as cassava, citrus fruits, maize, yam, tomatoes, pepper, melon, pineapple, banana in commercial quantities.  Also, the state has abundant timber resources.

“In recognition of the promising prospects of the tourism industry, which will be closely supported by the rich cultural heritage of the state, the Edo State government invites the private sector participation in the development of the development of five-star hotels, restaurants, casinos and eateries, holiday resorts, amusement parks and other tourism development areas.”

With the Guide, a clear notion points the purpose for which the governor seeks.