The Edo State Governor, Governor Obaseki, has said that the establishment of production centres across the state which will share support infrastructure such as electricity, security and low-cost financing will boost economic growth in the state.
“This will boost economic growth, reduce cost of operations and create employment opportunities while enhancing economies of scale,” he explained. He assured that efforts are being made to “expand opportunities for micro-credit of single-digit interest rate for women to encourage entrepreneurship and boost disposable income while improving the quality of lives of the beneficiaries.”
In attendance were cabinet members, members of the Federal House of Representatives and leaders and representatives of the seven local government areas that make up the senatorial district, including women.
On the drive to industrialise the state, Obaseki maintained that his administration’s local content policy has ensured that local companies are integrated in the demand and supply chains of all economic activities in the state, for economic integration, skills transfer and empowerment.
Responding to questions on the status of Tayo Akpata University, Ekiadolor, College of Agriculture, Iguoriakhi and the Benin Science and Technical College, the governor explained that the ongoing effort to reposition the institutions would transform them into world class centres for learning, and sought the understanding and patience of the party leaders.