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Tag: Edo State

Agribusiness

Presco gets $100m FDI to boost Edo palm oil production

Edo State will receive a $100 million foreign direct investment as Belgian agro-industrial group SIAT NV injects fresh capital into Nigerian palm oil producer Presco Plc, part of a longer-term $1 billion commitment to expand operations in the country over the next decade. The funds, which constitute the first tranche of the wider investment program, […]

Policy and Regulations

Reps investigate Benin museum over foreign control allegations

The House of Representatives on Tuesday initiated an investigation into the establishment, funding, and governance framework of the Museum of West African Art located in Benin City, Edo State. This action was prompted by growing concerns that the new cultural complex might be operating under arrangements that afford undue influence to foreign and private interests. […]

News

Halt Delta oil drilling over land dispute, Edo begs Tinubu

The government of Edo State has called on President Bola Tinubu to halt any further crude oil drilling activities in the disputed oil wells located between Edo and Delta states until the ownership matter is officially resolved. Edo State Deputy Governor, Hon. Dennis Idahosa, made this crucial appeal during a meeting held over the weekend […]

News

Edo absorbs 4,000 volunteer teachers, recruits 500 more

The Edo State Government has announced the absorption of 4,000 volunteer teachers under the EdoStar Teaching Programme and the recruitment of 500 new teachers to strengthen the state’s education system. Dr. Paddy Iyamu, the Commissioner for Education, made this disclosure on Sunday in Benin during the 2025 World Teachers’ Day celebration, which was themed “Recasting […]

FG terminates Benin–Warri road contract over abandonment
Transportation

Lagos-Calabar coastal highway extended by 100km to include Edo

The Federal Government has approved an additional 100 kilometers to the Lagos-Calabar coastal highway, allowing it to pass through Edo State, South-South Nigeria. This extension increases the total length of the highway to 800km and brings the number of covered states to nine. Nigeria’s Minister for Works, David Umahi, disclosed this development at an Independence […]

Seven banks paid N392.53bn in taxes in first half of 2024
News

Edo laments tax evasion, revenue loss to Delta

Stakeholders in Edo State, including commissioners, senior civil servants, and members of the judiciary, have lamented the continued loss of revenue through tax evasion. It was revealed that many people working in Edo State pay their taxes to the Delta State government. The Edo State Inland Revenue Service has adopted a Treasury Single Account to […]

Backlash as Benin DisCo heaps curses on electricity vandals, prepaid-meter bypassers
News

Backlash as Benin DisCo heaps curses on electricity vandals, prepaid-meter bypassers

The Benin Electricity Distribution Company has stirred controversy after publicly cursing individuals involved in vandalizing transformers and bypassing prepaid meters. In a post shared Wednesday on its official X (formerly Twitter) handle, BEDC wrote: “E no go beta for who dey vandalize transformer and who dey bypass.” The unusual statement quickly drew mixed reactions from […]

Edo empowers 200 women with N4mn grants, POS machines
News

Edo empowers 200 women with N4mn grants, POS machines

Melvin Onwubuke The Edo State Government, through the Ministry of Social Development and Gender Issue, has empowered 200 women by providing them with Point of Sale (POS) machines and N4 million as a start-off grant. The Ministry’s Public Relations Officer, Osato Ekhator announced this development on Monday and pointed out that it was an initiative […]

Edo seeks investment through international conference
Business

Edo seeks investment through international conference

The Edo State Investment Promotion Office’s chairman, Kelvin Uwaibi, stated that the organization’s strategic goal in attending the 27th World Investment Conference in New Delhi, India, is to address social and economic issues that will have an impact on investment inflows, particularly in emerging economies like Nigeria. According to The PUNCH, Uwaibi added that ESIPO […]

Edo IGR will increase to N70bn in 2024 - Obaseki
News

Edo IGR will increase to N70bn in 2024 – Obaseki

  By Wilson Adekumola   The Governor of Edo State, Godwin Obaseki, has disclosed that the state’s Internally Generated Revenue will increase in excess of N70 billion by 2024. According to The PUNCH, Obaseki made this disclosure during a chat with newsmen in Benin, the state capital at the weekend. He stated that the state’s […]

How Edo IGR rose by 40% to N62bn in 2023 - Panel
Economy

Edo’s GDP grows by 140% in seven years

The GDP of Edo State expanded by 140% in just seven years, from $10.6 billion to $25.8 billion, according to the chairman of the board of trustees of Alaghodaro Economic Summit Ltd/Gte, Dr. Asue Ighodalo. The Punch reported that Ighodalo made this declaration at the 2023 Alaghodaro Investment Summit, which was attended by billionaire Aliko Dangote, […]

Edo seeks investment through international conference
News

ICAN, Edo gov urges FG to address brain drain

The governor of Edo State, Godwin Obaseki, and the Institute of Chartered Accountants of Nigeria have pleaded with the federal government to give the creation of a culture of responsible administration first priority. Speaking on the topic of “Quest for Good Governance in Nigeria: The Chartered Accountants Perspective” at ICAN’s sixth Zonal Accountants’ Conference in Benin, […]

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