Nigeria has retained its spot as the third most attractive country in Africa for foreign investment in 2021. This is according to the Absa Africa...
We are Here For You
Dear valued Investors, MSMEs, Business Owners and Partners,
We are reaching out to you to confirm our strong commitment to you during this ongoing COVID-19 pandemic. We understand that businesses in Edo State provide vital products and services to millions of people who are directly or indirectly struggling with the lockdown as a result of the pandemic. These are daunting moments for us all as the virus has impacted families, our way of life and businesses. Hence we recognize that the role Edo State Investment Promotion Office(ESIPO) play in ensuring seamlessness in the business space is more essential now than ever. We wish to encourage you to keep the faith. The situation will not be forever. We have attached the office’s 2019 report. We look forward to your feedback, as we all explore ways to navigate present economy uncertainty.
And be rest assured, “This too shall pass”.
Stay Well, Stay Safe.
Welcome to Edo State, Nigeria’s Best Kept Secret.
The State Government has recognized the urgent need to attract private investment in order to help create new jobs, improve living standards and transform the overall economy of the state into a modern and productive economy.
The state which was created on August 27th, 1991 has been home to major agriculture and manufacturing businesses. In order to ensure more businesses can thrive in the State, we have established an Investment Bureau which will serve as a one-stop shop to meet all the needs of investors.
The intention is to ensure that once you have made your decision to invest in Edo State, from start to finish we assist to ensure the process is seamless. Also, Edo State, alongside the Federal Government of Nigeria and the World Bank are working in partnership to domesticate the “Ease of Doing Business” reforms. Hence removing any bottlenecks and ensuring your investment is secured.
We in Edo State understand the priority of security to investors. We have therefore put in place one of the best security frameworks to ensure both life and property are safe in the State.
To make Edo State the preferred investment destination for investors by providing first class services through its team of professionals.
To work with all relevant stakeholders through a well-defined synergy and provision of excellent services to attract, stimulate and facilitate investments.
Provide quality business data to domestic and foreign investors. Showcase the states comparative advantages. Boost ease of doing business in the state.
Edo State at a Glance
Why Invest in Edo
- Government as an Enabler
- Endowments and Lead Investment
- Human Resources
- Easy Access
Prudence, accountability, and transparency make the Edo State Government one of the most efficiently run in Nigeria with positive policy outcomes and incentives that support investors.
The State is endowed with abundant mineral and human resources which have attracted blue-chip investors like Pan Ocean, Dubri Oil, Okomu Oil Palm Company, Presco Oil, Guinness Nigeria, NPDC, etc.
With an estimated 1.1 – 1.6 million hectares of arable land and favorable ecological conditions, Edo State is well aware of its agricultural potentials, so much it generates 40% of its revenue from agricultural proceeds.Existing research institutions in the state include the Nigerian Institute for Oil Palm Research (NIFOR) and the Rubber Research Institute of Nigeria (RRIN) making headway in the oil palm and rubber research respectively. Edo State is undoubtedly an attractive destination for your agribusiness investments.
Edo State is the safest location for residential and commercial activities in the South-South Region. With good use of technology, Edo State Government has created an Incident Management System called SIMA (Security Incident Management Application) with the help of this tool, security agencies are well equipped with information to stop security threat even before they happen.
With a youthful, agile population, Edo state is ready to satisfy your human resource needs; facilitated by highly reputable institutions producing graduates, Edo state is home to a diverse range of educational institutions, with several Universities, Polytechnics, a College of Agriculture and Technical Colleges.shaping the future.
With daily flights to the economic nerve center (Lagos) and the political capital (Abuja), an extensive road network with other parts of Nigeria, Edo state has an innate logistical advantage. Benin is a central town on the route for road travel between the North, West, East and Southern regions of Nigeria; Benin enjoys an excellent network of internal roads; The state has committed to contractual obligations in excess of $1 billion for roads and drainage upgrade and development in preparation for required urban population expansion and dwelling comfort; The state has also invested in mass transit air-conditioned buses that ply most of these roads.