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Edo adopts action plan to boost investment inflow, deepen reforms

The Edo State Government has developed and ratified the State Business Enabling Reforms Action Plan (BERAP) 2023 to deepen reforms in the business environment so as to attract investors across various sectors of the state’s economy.

The Business Enabling Reforms Action Plan (BERAP) was drafted by the Edo State Ease of Doing Business Secretariat and approved by the Edo State Executive Council as a framework to implement the State Action on Business Enabling Reforms (SABER).

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SABER is a programme backed by the Federal Government and the World Bank and is aimed to provide incentives to state governments to encourage the deepening of business environment reforms.

The framework improves access to information and entrenches transparency of government processes; strengthens the regulatory environment for businesses; raises the standard of infrastructure and security for local businesses; provides Regulatory Impact Assessment; implements the Edo State Power Sector Reforms Law; increases public patronage of the Edo Micro, Small, and Medium Enterprise Fund, amongst other.

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Managing Director, Edo State Investment Promotion Office, Mr. Kelvin Uwaibi, said the Edo State Executive Council was set up to ensure that Edo State becomes the number one destination for investment in Nigeria.

“Governor Godwin Obaseki has given us a mandate that is very clear. We know what each government agency is tasked with and what we hope to achieve as a whole when the tasks are completed correctly and in a timely fashion.

“Ultimately, we are reforming our business regulatory environment to provide above optimum services for investors to make them feel happy and confident about doing business in Edo State.

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“We also want investors to know that Edo means business and the EoDB Secretariat available for every investor to approach to answer any questions they may have about investing in Edo.”

“Our email address invest@edostate.gov.ng has been open since last year for investors to submit their inquiries. We are available round the clock to respond to them and provide the guidance they may require.” Uwaibi said.

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