Edo Govt To Unveil Economic Plan At Alaghodaro Summit

Channels Television  
Updated October 23, 2017
Edo Govt To Unveil State's EGRP At Alaghodaro Summit
File photo

The Edo State Government is set to unveil an economic blueprint fashioned after the Economic Growth and Recovery Plan (EGRP) of the Federal Government at the Alaghodaro Investment Summit.

According to the government, the 168-page EGRP document covers years 2017-2020 and has been described by economic experts as a well-articulated set of guiding principles for the economic management.

At the summit, the Godwin Obaseki-led administration would showcase its ambitious agricultural programmes that gave birth to the Edo Fertiliser and Chemical Company, which was commissioned by Vice President Yemi Osinbajo in Auchi, to boost the local production of fertiliser in the state.

The Edo Fertiliser Plant and Chemical Company Limited is a public-private venture which has the capacity to produce about 60,000 metric tons of fertiliser per annum.

Also to be exhibited at the investment summit is the Edo State Saro Farm in Sobe, Owan West Local Government Area of the state.

Governor Obaseki said the maize farm was part of his administration’s accelerated agriculture initiative to boost job creation in the state, noting that at least 50,000 agricultural jobs would be created before the end of the year in the state.

According to him, the first phase of the initiative targets job creation for 1,000 farmers through the cultivation of 5,000 hectares of maize farms across five local government areas of the state.

Similarly, the government said the Edo Industrial Park which has received positive reviews by development analysts would top discourses at panel and technical sessions during the three-day Alaghodaro Investment Summit in Benin City, the Edo State capital.

It said it was making efforts to remove barriers to trade and investment in the state which included the signing into law of the Private Property Protection Law.