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Edo State| Benin Industrial Park | Mix-use| U/C

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Vice President Yemi Osinbajo on Saturday laid the foundation stone of a N200 billion Industrial Park in Iyanomo community, Benin, Edo State.

Osinbajo said at the event that when established, the park would create 170,000 direct and indirect jobs and contribute significantly to the further development of the country’s manufacturing industry.

He congratulated Gov. Godwin Obaseki for the huge investment, saying: “this is what the country has been waiting for to take it to greater heights.

“Several other countries have embarked on this line of industrialisation and succeeded.

“If we put in the same effort other countries have put in, we will also excel.

“This strategy has been adopted in some Asian countries and they have achieved several economic growths, diversified their economy, and are now exporters of consumer goods.”

He expressed optimism that the industrial park would not only lead to job creation, but also reduce the cost of goods and services in the state and country at large.

Osinbajo added that the park would also help change the face of the Nigerian economy and unleash its industrial potentials.

He assured the governor that the Federal Government would give the state the necessary support to ensure the completion of the project.

Earlier, Obaseki had said that the park at Iyanomo would be the first in a series of parks his administration would establish to make Edo an industrial hub.

The governor stated that the park is a public private partnership initiative designed by Mahindra Engineering in conformity to 21st Century standard.

He said that the private sector would contribute about 74 per cent investments to the industrial park.

“I promised that if I became governor of the state I would commercialise the state, create an enabling environment for businesses to thrive and improve the quality of the lives of our people.

“Our industrialisation of Edo is already yielding results and our hope is to create employment for thousands of people in the state,” he said.

He gave an assurance that the park would be built within 12 months.

The governor applauded the Federal Government for its relentless commitment to the industrialisation of Edo.

Also speaking, Mr Narayanan Ramanathan, the Chief Operating Officer of Mahindra Engineering, assured of delivering the project within the stipulated time.

The News Agency of Nigeria (NAN) reports that Oba Ewuare II, the Oba of Benin, was the Chairman of the ceremony.
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This is just another multi-Billion / Multi-Million dollar Public private project added to edo state. They are really making good moves. I just wonder how they get all these millionaires and billionaires to invest, i mean, it is edo state, lol Lagos is not so far and is more lucrative. Must have some incentives or something......

But glad they are using the Lagos model to develop the state, the Public private partnerships model for faster development.
Benin Industrial Park Secures $250m Investment

Gov. Godwin Obaseki of Edo says an investor, Anchor Tenant, has committed about 250 million dollars to the development of Benin Enterprise and Industrial Park project.
Obaseki made this known when a World Bank Team led by Gloria Joseph-Raji, paid him courtesy visit on Tuesday in Benin. He said that his administration had continued to make considerable progress on the Benin Enterprise and Industrial Park project. Obaseki said that the plan was to commence construction at the site before the end of the year.
“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.
Obaseki said his administration was focussed on building conducive business environment to scale up investment and create more job opportunities in the state.
The governor said that the state government was concentrating on key elements to improve ease-of-doing-business in the state by improving land reforms, law and order, streamlining the state revenue service and human capital development.
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.”
Joseph-Raji said the visit was planned as a follow-up to the earlier one by the Team in January 2019. Leader of the World Bank delegation said: “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 government ensures an enabling environment for businesses to thrive.” {/quote]

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Are there picture updates on the state of the construction right now?
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