Edo State Investment Promotion Office (ESIPO) has called for a stable policy environment to attract the much-needed investment in the country, particularly in the energy sector, just as it pledged to support the Rivers State Investment Promotion Agency when it is eventually established.

Managing Director of ESIPO, Kelvin Uwaibi, made this known to journalists on the sidelines of the MAN Rivers and Bayelsa branch Annual General Meeting (AGM).

Uwaibi welcomed the decision by the state government to establish the agency, while encouraging other states in the South South that have yet to establish an Investment Promotion Agency (IPA) to do so quickly.

“ESIPO will support the government to establish the IPA, should it be required. ESIPO has been instrumental in providing the handshake between the Edo government and private investors, aiding their entry into the state and providing them with support and aftercare services.”

Such services cannot be overestimated, as we all grapple with the economic realities of today.” Uwaibi said.
Uwabi was the keynote speaker at the 39th MAN AGM, where he stressed the need for regional collaboration to exploit areas of competitive advantage within the region.

In an address at The African Natural Resource and Energy Investment Summit 2023, he had emphasised the need for a stable policy environment to attract investment, particularly in the energy sector.

Uwaibi, who served as a panelist at the summit, highlighted the importance of policy consistency and collaboration among various stakeholders. He said investors require a predictable policy landscape to make informed decisions and investments in Nigeria.