Investor commits $250m to Benin Enterprise, Industrial Park – Obaseki

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The Edo State Governor, Mr. Godwin Obaseki, has said that an anchor tenant has committed about $250 million dollars investment to the Benin Enterprise and Industrial Park project.

Obaseki said this during a courtesy visit by a World Bank Team led by Gloria Joseph-Raji, at Government House, in Benin City, on Tuesday.

He said his administration has continued to make considerable progress on the Benin Enterprise and Industrial Park project, adding that the plan is to commence construction at the site before the end of the year.

“We have made considerable progress on our industrial park as we touched on an anchor tenant who has committed close to 250 million dollars for their operation. This has been confirmed as I speak. We have two others from China and the United Arab Emirates (UAE) and we are working closely to get a commitment from them,” he stated.

Obaseki said his administration is focused on building conducive business environment to boost investment and create more job opportunities, adding that the state government is concentrating on key elements to improve ease-of-doing-business in the state by improving land reforms, law and order, streamlining the state revenue service and human capital development.

He said, “We have gotten support from Universal Basic Education Fund to build a digital laboratory at the College of Education in Abudu and we will work with you to build human capacity. The law for restructuring the College of Education is before the parliament and will be considered soon.

“Procurement for laboratory equipment for the Government Science and Technical College (GSTC) has been completed and will be ready for use by the last quarter of the year.  We have identified three other technical colleges in Isi, Irrua and Igarra for similar projects.”

Leader of the World Bank delegation, Gloria Joseph-Raji, said the visit was planned as a follow-up to the visit by the World Bank Team in January 2019, noting, “Our overall objective is to support your government to boost job creation for youths in the state.

“We settled on supporting your administration to build a conducive environment for the private sector to thrive. The private sector creates the jobs but the government ensures an enabling environment for businesses to thrive,” Gloria added.

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