Edo State Government Implements Reforms to Attract Investors

The Edo State Government has introduced new measures aimed at attracting investors, as announced by Omoh Anabor, the Commissioner for Business, Trade and Investment, in Benin. The reforms include fast-tracking business approvals, harmonizing taxes, expanding digital services, and improving infrastructure.

A key focus is to reduce the time for land-related approvals to two hours. Anabor emphasized that speed and certainty in government processes are essential for attracting private capital.

The government is also reviewing the tax system to make it more coordinated and business-friendly. Edo State is positioned as a significant investment destination due to its mineral resources, agricultural potential, and cultural assets.

Anabor highlighted opportunities in mining and agro-processing, particularly in cashew, rice, cassava, and palm products. The administration is engaging local and foreign investors to unlock sector potential and create jobs.

Additionally, the “Made in Edo” initiative is being strengthened through an online platform to connect local goods with consumers beyond the state.