Business
Edo Government To Commence Building Of Int’l Market For Electrical, Electronic Materials
As part of efforts towards making Edo State a preferred investment destination, the state government has facilitated a memorandum of understanding (MoU) with investors for the building of the Monee International Market in the state.
To facilitate the process, the government had earlier granted a waiver to the investor in the payment of planning fees, besides other government efforts.
The MoU was signed by members of the Board of Trustees (BOT) of Monee International Market, the developer, Alicesons Property Market Limited, and lawyers for both parties at the ESIPO office in Benin City.
The international market located on Agbor Road, Benin City is for the sales of electrical and electronic materials as well as building materials.
On completion, it will create 20,00 direct and indirect jobs for the populace and also be seen as a significant economic impetus for the development of the state.
The investor stated that it will alter the original plan of the market to increase the number of building so as to accommodate up to 2,860 stores from the original 1,290.
Speaking at the MoU signing ceremony, the Managing Director of Edo State Investment Promotion Office (ESIPO), Mr Kelvin Uwaibi assured the investor of government support towards completing the project soon.
According to him, “As a government, you have our support to move to site two weeks from today.
“Let me say that God’s hand is in this project. We are doing this and prosperity will hold us accountable.
”We all want to change Nigeria for the better and this is one thing we are doing to bring that change; working with all sincerity to make good things happen in our state which will legitimately put money into the pockets of our people through trading will help the Nigeria economy,” he added.
Chief Sam Awiaka who spoke on behalf of the BoT of Monee International Market said that the project has lingered for years.
He commended the courage and efforts of ESIPO in facilitating the project, urging stakeholders not to relent until the project completion.
-
Entertainment1 week ago
Olumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
crime2 weeks ago
Armed Nigerian Policeman Caught On Camera Hiding Behind Wall During Bank Robbery In Kogi
-
Latest News4 days ago
President Tinubu Hosts Spectacular NPC Swearing-in: Edo’s Dr Tony Alyejina Steals the Show(Video)
-
health1 week ago
BREAKING NEWS: Former Health Minister Passes Away
-
Latest News2 weeks ago
Three Things You Must Keep Out Of Your Home At Night To Stop Poverty And Backwardness
-
Latest News1 day ago
List Of Things Mosquitoes Don’t Like. Which Will Make Them Run From Bitting You
-
Latest News5 days ago
Abubakar Momoh’s Remarkable Moments At FEC As Presidency Assures Of Better Days Ahead(Video)
-
Latest News2 weeks ago
See How Much Some States Are Offering As New Minimum Wage For Workers
-
Latest News2 weeks ago
Netizens Criticize Wigwe’s Daughter For ‘Disrespecting’ VP Kashim Shettima During Family Memorial
-
Latest News2 weeks ago
Governor Bago’s Gesture: Mixed Reactions As Niger State Governor Kneels Before President Tinubu (Photo)
-
Latest News7 days ago
Ghen Ghen: Political Earthquake Looms As Ogbeide-Ihama Emerges As Potential Deputy To APC Candidate In Edo 2024
-
crime2 days ago
Delta Community Destroyed Following Killing Of Soldiers