Governor Godwin Obaseki of Edo State has dropped the good news that a foreign investor has committed about $250 million dollars to the development of Benin Industrial Park project in Edo State.
The governor made the disclosure when he received in audience a World Bank team led by Gloria Joseph-Raji at government house, Benin City.
Obaseki who promised to commence construction at the site before the end of the year revealed that steady progress has continued to be made by his administration in respect of the industrial park.
“We have made considerable progress on our industrial park as we touched on an anchor tenant who has committed close to 250 million dollars for their operation. “This has been confirmed. As I speak, we have two others from China and the United Arab Emirates (UAE), and we are working closely to get a commitment from them,” he said.
Commenting on the rationale for the industrial park the governor Obaseki said the need to increase investment so as to create more job opportunities in the state informed his determination to make the project a reality.
To attract more investments into the state according to the governor the ease of doing business in the state has to improve considerable. This can only become possible if the key elements to improve ease of doing business such as land reforms, law, and order, reorganizing the state revenue service and human capital development is given attention.
He said: “We have received support from the Universal Basic Education Fund to build a digital laboratory at the College of Education in Abudu, and we will work with you to build human capacity.
“The law for restructuring the College of Education is before the parliament and will be considered soon. “Procurement for laboratory equipment for the Government Science and Technical College (GSTC) has been completed and will be ready for use by the last quarter of the year.
“We have identified three other technical colleges in Isi, Irrua, and Igarra for similar projects.”
The head of the world bank team in his remark said the visit was planned as a follow-up to the earlier one by the Team in January 2019.
According to him, “Our overall objective is to support your government to boost jobs creation for youths in the state. “We settled on supporting your administration to build a conducive environment for the private sector to thrive. “The private sector creates the jobs, but the government ensures an enabling environment for businesses to thrive.” (NAN)