Edo State Lists Agriculture Among Most Active Sectors
The Edo State Investment Promotion Office (ESIPO) said oil palm, poultry processing, retail and energy are the most active sectors that have incurred local and foreign investments into the state in the last two years.
The managing director of Edo State Investment Promotion Office (ESIPO)-Ease of Doing Business secretariat, Kelvin Uwaibi, disclosed this in a press briefing to journalists in Benin City.
Uwaibi pointed out that the investments have ensured that Edo state remains a good destination for those looking to expand their businesses in Nigeria.
He said, “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 of Edo State. Fayus Oil Palm Company and Prime Agro Seed and other companies from Asia.”
While also identifying the location of the refineries available in the state, he added: “In the energy space, Ossiomo Power Plant in Ologbo has expanded and then we have two new refineries; one at Ologbo, Ikpoba Okha LGA and the other at Egbokor, in Orhionmwon LGA.”
He then said that the Benin Port project, which is coming on stream, is expected to attract more investment in the agriculture, maritime and ancillary sectors.
Agro Nigeria / Foluke Ibitomi
