The prevailing investment-friendly environment in Edo State, resulting from a series of reforms embarked upon by the Godwin Obaseki administration, to open up the state to private sector investment is impacting on air transportation, stretching airlines to their limit. Figures obtained from a publication by the National Bureau of Statistics (NBS), entitled ‘Transport Fare Watch […]
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As business leaders storm Benin City, the Edo State capital, Friday, for the Alaghodaro Investment Summit, Minister of State Petroleum Resources, Dr. Ibe Kachikwu, on Thursday in Benin City said the Federal Government is already processing applications received for the establishment of seven modular refineries in the state. He said three of the applications have […]
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As preparations hit top gear for the Edo State Investment Summit tagged Alaghodaro 2017, international industrialists including the Mahindra Group of India, Tolaram Group from Singapore and Dangote Group are set to showcase their over $1.5bn investment outlay in the state. The companies are billed to share their experiences, prospects and insights from investing in […]
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With a combined foreign debt profile of $1.89 billion, Lagos, Kaduna and Edo have retained their spots as the states most exposed to foreign debts. As of June 2016, the three states had a combined foreign debt profile of $1.84 billion. Statistics obtained from the Debt Management Office in Abuja on Thursday showed that the […]
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On the basis of guidelines by the Debt Management Office on subnational borrowing, 23 states of the federation exceeded their borrowing limits in 2015, the Fiscal Responsibility Commission has said. In a report on the states and indebtedness, the FRC said Lagos, Kaduna, Cross River, Gombe, Ekiti, Edo, Ondo and Imo states had borrowed more […]
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