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Edo shines at 27th World Investment Conference in New Delhi

8 Jan 2024

L-R: World Bank Global Director on Trade, Investment and Competitiveness, Mona E. Haddad; Managing Director, Edo State Investment Promotion Office, Kelvin Uwaibi, and Managing Director, Directorate of Sustainable Development Goals (SDGs), Innovation and Economic Transformation, United Nations Industrial Development Organisation (UNIDO), at the recent 27th World Investment Conference, in New Delhi, India.

The Edo State Government showcased investment opportunities and the impactful reforms undertaken to open up the State for businesses at the 27th World Investment Conference (WIC) in New Delhi, India.

The conference was themed, “Empowering Investors: IPAs Pioneering Future Growth,” providing a pivotal platform for global investment discussions.

The Managing Director, Edo State Investment Promotion Office (ESIPO), Kelvin Uwaibi said the State’s participation at the conference was strategically aimed at addressing economic and social challenges impacting investment inflows, specifically in emerging economies like Nigeria.

According to him: “Throughout the event, we engaged in diverse activities, including intensive technical sessions, and strategic networking sessions focused on bolstering investment prospects in Edo State.

He said the technical sessions were instrumental, offering insights from global development leaders and discussions on bridging FDI gaps, leveraging technology for investments, and promoting climate-conscious initiatives.

He added: “We had meetings with various businesses and startups, fostering potential collaborations and exploring investment opportunities in Edo State. Crucial discussions with Invest India, Business France, and the General Authority for Investment and Free Zone paved the way for potential collaborations and investment facilitation, ensuring a robust investment landscape.

“Participation in WAIPA's Start-Up Capital Connects showcased the potential of startups in Edo State, highlighting the region's attractiveness in available energy, internet connectivity and enabling business environment to prospective investors.”

He expressed heartfelt gratitude to the EU-UNDP partnership for their unwavering support, noting that Edo State is committed to welcoming EU investors.

“Edo State has made gains in establishing an ecosystem conducive for investors and digital nomads, fostering an environment for living, working, and flourishing,” Uwaibi said.

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