Obaseki, Toyota And Others to Invest in Edo State

Mr Godwin Obaseki, Edo State governor is set to plan potential investments in Edo State as he meets with executives representing Mitsubishi, Sojitz, Toyota, Sumitomo, Yamaha, Yokogawa, Panasonic and the Japanese Trade Organisation, JETRO, and assuring them of available resources and labour.

The governor, while addressing them in a meeting that held in Lagos, told them that Edo State was secure, with good economic policies, two private universities, three government owned universities, a college of medicine, an institute of Management Technology and a Polytechnic that could train middle level labour workforce.

He also added that the state had a database of unemployed youths and the proximity of Edo state to Lagos for accessible trade route were some of the favorable factors the Japanese could tap into.

According to Governor Obaseki, Edo North is rich in solid minerals such as limestone for cement production and fertile soil for cocoa production while Edo South and Central are good for crops like maize, cassava, rubber and oil palm production. All these advantaged by an onshore gas reserve situated at Oben near Benin City, where certain critical national assets such as power installation passed through the state.

The governor disclosed that the state would be contributing 900 extra megawatts to the national grid on power through the 450MW Azura power plant and the 450MW National Integrated Power Plant, NIPP, project in Benin city.

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