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Osinbajo lays foundation for N200bn Benin Industrial Park

The Vice President, Professor Yemi Osinbajo on Saturday, performed the groundbreaking ceremony of the N200 billion Benin Industrial Park at Iyanomo in Ikpoba Okha Local Government Area of Edo State. Speaking at the event, Prof. Osinbajo said the industrial park will create 170, 000 direct and indirect jobs and would contribute significantly to the country’s manufacturing sector. He commended the Governor of Edo State, Mr Godwin Obaseki, for the huge public-private investment initiative and said: “This is what the country has been waiting for to take us to the height that we desire. Several other countries have embarked on...

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Duke, Ehikhamenor, Akpata, others call for policy, infrastructure for creative industry

Stakeholders in the nation’s creative industry on Saturday called on the Edo State Government to invest in theatres, incubation centers for creative people and put in place the right policies to drive her prestigious art and craft sector. Leading discussions during the session on “Edo Creative Industry” at the Alaghodaro Investment Summit in Benin City, former Governor of Cross River State, Donald Duke, commended Governor Godwin Obaseki of Edo State, for creating a separate session for the creative industry, in his effort to rebrand the sector in the state. “I congratulate the Edo State Governor on this summit. For...

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Breaking: Maritime University takes off, Grant raised to N5b in 2018 budget

Maritime University, Okerenkoko, Delta State, has now commenced operations, inviting job applications for academic staff, just as President Muhammadu Buhari has approved a significant increase of the take-off grant from N2B earlier announced to N5B. Already, the grant has been included in the 2018 budget presented to the National Assembly earlier this week, under the Federal Ministry of Education allocation, superseding the previous provision of N2B for the university. The presidential approval for the N5B budget allocation was based on the recommendation of a committee in the Ministry of Education tasked with the activation of the university. Besides, President...

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Alaghodaro Summit: Buhari, Obaseki, Dangote discuss new investment prospects in Edo

President Muhammadu Buhari has said that the Federal Government would pursue more business reforms to accelerate progress recorded in its recent Ease of Doing Business ranking, to properly position Nigeria in her march to become a post-oil economy. Speaking at the two-day Edo State Alaghodaro Investment Summit, Friday, in Benin City, the president said that the reforms to ease the business climate has brought changes to registering businesses, issuance of visa on arrival and tax collection. President Buhari, who was represented by the Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, said government alone cannot bring about the...

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Agribusiness: Edo investors count gains, brainstorm on solutions to challenges

To attract more investments in agribusiness, governments must open up the space for smallholder farmers, ensure sufficient fund is provided for research and intensify efforts to remove investment bottlenecks. This was the submission of investors at the Plenary on Edo Agro-industrial Revolution and Agribusiness Transformation at the Alaghodaro Investment Summit, in Benin City, Edo State on Friday. The discussion leader and Chairman, PRESCO Plc., Felix Nwabuko, said the agriculture is still bedeviled by myriad of challenges, such as lack of access to finance, land acquisition, infrastructure, community clashes amongst others. According to him, “All of these have serious impact...

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