Mahindra, Tolaram, Dangote to Showcase $1.5bn Investment in Edo

As preparations reached the top of gear for the Edo State Investment Summit labeled Alaghodaro 2017, international industrialists including Mahindra Group of India, Tolaram Group of Singapore and Dangote Group will show their investment of more than $ 1.5 billion in the state.
Companies are billed to share their experiences, perspectives and perspectives to invest in critical sectors of the state such as agro-industries, manufactures and human capital, and will attack Edo with its partners in the event to be held from 10 to 12 November in Edo Hotels, Benin City, the state capital.The three-day summit is called 'Alaghodaro', which means progress and will be the host of business leaders, investors, bankers, financiers, industry experts, policy makers, among others to engage, discuss and explore the rich potential of Edo in several sectors. The Dangote Group proposes a large investment in cement production on the state's Okpella shaft, estimated at more than $ 1 billion, which is strategic for expanding the conglomerate's borders in southern Nigeria. The plant is expected to take advantage of Edo's strategic location as a logistics center linking parts of the east, north and west of the country by moving its finished products across the country. The state's massive limestone deposit is also an important consideration for investments in cement manufacturing. The Mahindra Group is partnering with the state government to build the Edo Industrial Park, which will be anchored the main industrialization efforts in the state. The Industrial Park will be located in Ologbo, in the Local Government Area of ​​Ikpoba Okha, and will serve as a center to train human capital and involve the state's main industries. The implementation plan has been completed and submitted to the state government. Meanwhile, Tolaram Group at the summit will show its agricultural investment disbursement for more than $ 50 million, which covers oil palm, cassava to feed the processing plant, and is expected to create 50,000 jobs statewide . Alaghodaro 2017 president Asue Ighodalo said the summit is a deliberate move by the state government to avoid a heavy reliance on oil money, noting that the state wants investors to buy their ideas and programs aimed at securing a better future. Edo and his people According to him, "all over the world, governments are looking beyond oil to alternative sources of income to ensure sustainable development, and we must also be creative and take action today for our future and the future of our children The summit would foster knowledge sharing and provide a way to build relationships, stimulate innovation and inspire commitment to the strategic deployment of private capital to achieve greater socio-economic impact.