Oil palm, poultry processing, retail, energy most active sectors in Edo in last two years – Investment Office



The Edo State Investment Promotion Office has said the most active sectors that have attracted local and foreign iinvestments into the state in the last two years are oil palm, poultry processing and retail sectors.

This was disclosed by the Managing Director, Edo State Investment Promotion Office (ESIPO)-Ease of Doing Business Secretariat, Mr. Kelvin Uwaibi, in a recent chat with journalists, in Benin City

According to him, “Between 2021 and 2022, there are investments in the agriculture, food processing and energy sectors. Some of the companies that have made substantial investments include Persianas Group, which is building the Benin City Mall, on Sapele Road. 

“There is also Amo Farm Poultry Processing Plant located at Obayantor, Ikpoba-Okha Local Government Area (LGA) of Edo State. Fayus Oil Palm Company and Prime Agro Seed and other companies from Asia.

“In the energy space, Ossiomo Power Plant in Ologbo has expanded and then we have two new refineries – one at Ologbo, Ikpoba Okha GRA and the other at Egbokor, in Orhionmwon LGA.”

Uwaibi noted that the investments have ensured that the state remains a good destination for those looking to expand their businesses in Nigeria, citing the availability of steady power supply from Ossiomo Power as a good incentive.

He added that the Benin Port project, which is coming on stream, is expected to even attract more investment in the agriculture, maritime and ancillary sectors.

Comments

Post a Comment

Popular posts from this blog

WHY RICEMAN KEN IMASUAGBON REMAINS THE BEST CHOICE FROM EDO CENTRAL, FOR GOVERNOR IN 2024.

Image
When it comes to sincerity,  humility, tact, interpersonal relationship, political competence, experience, capacity, compassion, vision, accessibility and acceptability in the 3 senatorial districts of the state,  Barrister ken imasuagbon stands head and shoulders above all other candidates from Esanland in Edo central who should be nominated and be voted for to be governor of edo state in this year's impending 2024 gubernatorial election. For starters, Ken is youthful,  full of energy, accessible and acceptable by all. Ken can be said to be a home boy in edo south. Ken speaks Benin language fluently. Edo south will willingly vote for Riceman.  *Ken has been phenomenal.   *He has touched lives throughout the length and breath of Edo state.  *Ken's giving is beyond partisan inclination.  *Ken's giving goes beyond political considerations.  *Giving is  Ken's DNA.   *He has given scholarships- *He has given laptops and pads in hundredsof thousands- *He has given money to t
Read more

*LETTER TO NIGERIAN PARENTS*

Dear All- Let's be real.    I wish to start by adding the benefit of my time as a student and then resident in the UK. Living in Abuja now. The first thing that I discovered about UK-born, white, English undergraduates was that all of them did holiday or weekend job to support themselves – including the children of millionaires amongst them. It is the norm over there – regardless of how wealthy their parents are. And I soon discovered that virtually all other foreign students did the same – except status – conscious Nigerians. I also watched Richard Branson (owner of Virgin Airline) speaking on the Biography Channel. To my amazement, he said that his young children travel in the economy class – even when the parents (he and his wife) are in upper class. Richard Branson is a billionaire in Pound sterling. A quick survey would show you that only children from Nigeria fly business or upper class to commence their studies in the UK. No other foreign students do this. There is no aircra
Read more

_APC PRIMARY ELECTION: HON DESMOND UGBO APPEAL FOR UNITY AND ACCEPTANCE OF PARTY'S DECISION*_

Image
 ```Dear Rt Hon Dennis Osagbemworue Idahosa,```  I hope this letter finds you in good health and high spirits. As a concerned member of the All Progressives Congress (APC) family in the Edo South Senatorial district, I am writing to you on behalf of our party members and supporters in Ward 7, Egor LGA, and across Edo State. It is my sincere hope that you will hear our appeal and consider the importance of unity and acceptance within our party. Firstly, I would like to acknowledge and commend the commendable campaign and political capacity you displayed throughout the APC's gubernatorial primary election. Your dedication and commitment to our party's principles and ideology have not gone unnoticed. However, as you are aware, the majority of our party members have spoken in favor of Senator Monday Okpebholo as the party's flag bearer. In the spirit of good sportsmanship and the overall interest of our great party, I humbly implore you to accept the party's dec
Read more