As more investors indicate interest in the Benin Industrial Park, the Edo State government has initiated a parley with stakeholders in the host communities of the project to remove encumbrances and set the stage for a hitch-free development of the park.
Secretary to the Edo State Government (SSG), Osarodion Ogie Esq., said that the state government would on Thursday, May 10, 2018, meet traditional rulers, elders and youths of communities hosting the industrial park at a town hall meeting.
“The Town Hall Meeting will discuss the environmental and social impact assessment exercise and Resettlement Action Plan with respect to the Benin Industrial Park project,” Ogie said.
He explained that the meeting would hold at the palace of the Enogie of Oghobaghase Dukedom in Obaretin Community along Benin-Sapele Road.
Ogie said that the chairman of Ikpoba Okha Local Government Area, the Enogie of Oghobaghase Dukedom, Edionwere, elders, members of Agbomoba, Ekosa and Iyanomo communities were to attend the meeting and urged other interested parties to attend and participate as relevant information would be shared at the meeting venue.
The federal government through the Nigerian Export-Import (NEXIM) Bank joined the growing number of private investors to express its readiness to support the park’s development and build local capacity to meet export standards, with three funding windows running into N553 billion.
According to the management of NEXIM, the funding opportunities are a N500 billion Export Stimulation Fund managed by the bank in partnership with the Central Bank of Nigeria (CBN) and a N50 billion state’s Export Development Fund, which the state government can access to encourage entrepreneurs to improve the quality of goods to meet international standards.
“There is also a N3 billion Export Development Fund available for capacity development for entrepreneurs in the non-oil sector,” Executive Director, Business Development, Stella Okotete, disclosed during a courtesy visit to the governor at the Government House, Benin City, the Edo State capital, recently.
