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Edo, destination for foreign investors —Chinese MD


Edo State has been described as a prime destination for foreign investors due to the business friendly environment and basic infrastructure needed by investors.

Managing Director of Yongxing Steel Company Limited, Mr. Zheng Changsheng, made the observation in Benin City when Governor Adams Oshiomhole undertook a facility tour of the company’s foundry at Ogua community in Benin.

Changsheng commended the Edo State Government for providing the enabling environment for them to do business and contribute to the economy of the state.

He said: “We are grateful for this rare opportunity of your visit to our company and most importantly, for providing the enabling environment for our company to do business here. Indeed, your visit is worthwhile and without mincing words, we are happy to associate with you and the good work you are doing in the development of Edo State.”

Responding, Governor Oshiomhole commended the organisation for its industry and living up to his expectations.

Oshiomhole said: “I recall your visit a few years back. You had some concerns and I told you that we would do everything possible to assist you to address those concerns. We are happy that you find Edo State as a home because the whole world is open to investors. So, to come to Edo State, it shows, as you said, that we have the right investment environment. We have the land and the people. They are hard working and industrious. They have a traditional ruler who is helping to maintain the peace, and have all that you need to assist you as foreigners to feel at home anywhere you live in Edo State.”

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