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Edo Investment Summit Attracted  $2bn Investments Into State-Osagie 

by Zaka Khaliq
October 31, 2022
in Business, News
Edo

 

Editor, Investment Summit, now in its sixth edition, has attracted the inflow of over $2billion investments into the state, including the $500 million through the Edo State Oil Palm Programme (ESOPP).

Special adviser to the Edo State governor on Media Projects, Crusoe Osagie, while speaking ahead of the sixth edition of the summit expected to take place

between Friday, November 11 and Sunday, November 13, 2022 in the state, with the theme: ‘Edo’s Transformation: Partnerships, Resilience, Impacts’ added that, Saro Africa Group of Companies’ injecting of about $250 million in the state through its Integrated Agricultural Projects and $10 million Edo Refinery project, among others, were products of the five previous editions.

In a statement made available to NATIONAL ECONOMY over the weekend, Osagie said, “This year’s edition will provide another fine opportunity to consolidate on years of building a vibrant private sector-led economy, showcasing investment opportunities in Edo State, and providing a pivot for sustainable development and economic prosperity for the state.”

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As a follow up to the success of the Alaghodaro Investment dinner in Lagos, he said, big ticket investors, including the chairman of Dangote Group, Aliko Dangote; chairman of Heirs Holdings, Tony Elumelu and chairman of Caverton Offshore Support Group Plc, Dr. Aderemi Makanjuola, among others will converge for the 2022 Alaghodaro Economic Summit.

The Alaghodaro Summit, in its sixth edition, he stressed, is organised yearly to mark the anniversary of governor Godwin Obaseki in office and showcases the progress being recorded in transforming the state into an investment haven.

According to Osagie, the event will commence with the Edo Summit on Friday, while a State Banquet will be held, same day.

He added, “There will be a Golf Tournament on Saturday, November 12, at the Benin Golf Course. The day-two of the summit will end with a Stage Play, ‘Hear Word.’ On Sunday, November 13, being the last day of the summit, a Thanksgiving Service will be held at the Government House, Benin City. The summit will finally come to a close with the launch of the Digital Benin Website in the afternoon.”

Other expected at the summit, according to him, are: the founder of Stanbic IBTC Bank Plc, Dr. Atedo Peterside; founder, Silverbird Group, Ben Murray-Bruce; founder of Persianas Nigeria Limited, Tayo Amusan and the managing director, Saro International, Dr. Rasheed Sarumi, among others.

He emphasised that, this year’s edition, apart from providing the platform for both local and international investors to tap into the investment opportunities created by the business-friendly disposition of the governor Obaseki-led government, it will further showcase the impacts of the years-long public-private partnership that has translated to the remarkable transformation of various sectors of the economy including education, agriculture, healthcare, civil and public service, security and infrastructure, among others.

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