Edo State’s Commissioner for Finance, Mrs. Adaeze Aguele-Kalu, has issued a plea to local investors to partner with the state government in advancing critical infrastructure and social development initiatives. This call aligns with Edo State’s dedication to fostering growth and development, in alignment with the Infrastructure Development and Social Investment Tax Credit Scheme 2021 and the United Nations Sustainable Development Goal focused on Industry, Innovation, and Infrastructure.
Aguele-Kalu emphasized the paramount importance of infrastructure, as it forms the foundation of any nation, generating job opportunities, nurturing economic advancement, and ultimately enhancing the quality of life, especially for marginalized populations. She also pointed out global disparities in access to clean water, sanitation services, and all-weather roads.
Aguele-Kalu noted the progress in electricity access but highlighted that millions still lack this basic necessity. She underscored the role of infrastructure investments in poverty reduction on a global scale.
In light of this, the Edo State Government is determined to leverage private capital to meet the state’s infrastructure demands and compete effectively with global initiatives like China’s Belt and Road Initiative. Through collaboration with local investors, the government aims to create an environment conducive to innovation, sustainable industrialization, and robust infrastructure development, fostering economic growth and societal advancement.
Aguele-Kalu emphasized that indigenous investors have a unique opportunity to contribute to their communities and shape Edo State’s future. Leveraging private capital, Edo State can bridge its infrastructure gap, enhance connectivity, and enhance the well-being of its citizens.
The Finance Commissioner reiterated the government’s commitment to providing a transparent and supportive business environment that safeguards investors’ interests while promoting social development and economic prosperity. She urged all local investors to seize this significant opportunity and collaborate with the government in pursuit of sustainable development. Together, through innovative partnerships, Edo State can realize its vision of inclusive growth and prosperity.
