Edo Set To Seal $500m Vehicle Assembly Plant, As Obaseki Pledges More Incentives

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The growing investor confidence in Edo State, stemming from market-oriented reform designed to drive industrialisation, has earned the state yet another $500 million auto assembly plant deal from Chinese investors.

Edo State Governor, Mr. Godwin Obaseki, disclosed this during a working visit on Saturday, to Time Ceramics Company Nigeria Ltd, manufacturers of floor tiles at Utesi Community in Ikpoba-Okha Local Government Area of the state.

Obaseki explained that his administration is vigorously pursuing the goal to turn the state into an industrial hub and a major investment corridor by strengthening the state’s security architecture and reform of critical business-support institutions to improve the ease of doing business.

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