Edo, APOI and other stakeholders validate guidelines to boost investment – Nigerian Observer



BENIN CITY – To maintain a favorable business environment and capital inflows, the Edo State government has engaged the Africa Palm Oil Initiative (APOI), Proforest and other stakeholders to develop and validate prior informed consent (FPIC) guidelines to improve confidence.

Speaking to reporters at the end of a day-long meeting with stakeholders to validate the CLIP document in Benin-City, the Acting Team Leader of the Palm Oil Implementation Office of Edo State, Mr. Churchill Oboh, said the document has become relevant to boosting the confidence of potential investors.

He said the document was being turned into a bill to be enacted in Edo State so that it could serve as a guideline for investors to engage communities and government actors in the process. harmonization of protocols to ensure the success of legitimate investments in the state.

“The law would build the confidence of investors and communities to make sure they know what it takes to secure investments in the state,” he noted.

Oboh noted that FPIC is a collective human right of indigenous peoples and local communities to give or withhold their consent before the commencement of any activity that may affect their rights, lands, resources, territories, livelihoods and their food security.

“When the document is promulgated, investors will now have the confidence to know exactly what to do to bet on their investment. The FPIC law will also make them aware of the role of government and what it will do to support their investment in terms of profitability, as no investor will be able to cut corners on investment in Edo State.

“The laws will allow communities to have the opportunity and the platform to negotiate, to apply to investors and to have a transparent process throughout the investment.”

For his part, the Director General of the Edo State Investment Promotion Office (ESIPO), Kelvin Uwaibi, said the workshop is necessary to create harmonization between communities, government and investors. to ensure economic development in Edo State.

“We really want to have a situation where communities, local and state governments will work in harmony, as stipulated in the FPIC documents.”


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