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Edo State Unveils Strategy to Invigorate Economy with Diaspora Investment Desk

The government of Edo State has made a significant move to stimulate foreign direct investments, announcing its intention to establish a dedicated diaspora investment desk. The initiative will seek to facilitate effortless interaction with the Edo diaspora community, drawing on their knowledge and resources to enhance the state’s economic environment.

Kelvin Uwaibi, the Managing Director of the Edo State Investment Promotion Office (Ease of Doing Business), revealed these plans and urged for greater collaboration between the eighth Edo State House of Assembly and the governmental investment bodies.

Uwaibi stated, “Our goal is to strengthen foreign investment, and to that end, the State Government has finalized plans to create the diaspora investment desk. This desk will enable effortless engagement with the vast Edo diaspora community, leveraging their skills and resources to enrich the state’s economic landscape.”

He also mentioned upcoming policies that would require legislative backing, such as the MSMEs Policy, developed with the assistance of GIZ, their development partner. Uwaibi also noted the ongoing pursuit of a digital economy policy.

Expressing his commitment to stakeholder synergy, Uwaibi voiced his hopes for a peaceful interplay between local communities and emerging businesses.

He concluded, “We aim for stakeholders to engage with local government from the grassroots level. We envisage a scenario where businesses and their host communities coexist harmoniously. This will foster a welcoming atmosphere for investors that will directly benefit the host communities.”


IMAGE: Street Journal

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