Edo to explore new investments to boost infrastructure

The Edo State Government at the maiden Alaghodaro Investment Summit, will be explore new investment frontiers to boost investment in real estate, public utilities, healthcare and tourism.

This was revealed yesterday in a statement by organisers of the investment summit, in Benin City, as preparations gear up for the event which is slated for November 10 to 12, at Edo Hotels, Okada Avenue.

The organisers have planned a session on infrastructure to be led by the Acting Director General of the Infrastructure Regulatory Commission, Chidi Izuwa Snr., and will explore opportunities for investments in the state’s infrastructural development.

Noting that critical infrastructure are fundamental factors and enablers of the competitive advantage of Edo State across all its economic sectors, they said pursuing investment in building sustainable structures and institutions are prerequisites for meaningful transformation and economic development.

The session will be moderated by the World Bank Country Director, Rachid Benmessaoud and panellists which include:  Onyeche Tifase of Siemens; Niyi Oguntoyibo of Strathmore; Abraham Baffoe of Proforest International; Akinyemi Osinubi International Finance Corporation (IFC) and Osaro Eghobamien, SAN of Perchstone and Graeys.

The state government recently embarked on ambitious infrastructure projects such as the Benin Industrial Park and the Gelegele Seaport projects. The session is expected to pick the brains of experts on financing of some of these projects