Home NewsAbia, VEGA Seal MoU to Attract Global Investors in Agriculture, Others Ahead of TURAB 2025

Abia, VEGA Seal MoU to Attract Global Investors in Agriculture, Others Ahead of TURAB 2025

by AgroNigeria

As part of efforts to strengthen preparations for the forthcoming Abia–Turkiye Investment Summit and Product Exhibition (TURAB 2025), the Abia State Government has signed a Memorandum of Understanding with VEGA Growing Global Enterprise. 

The agreement is intended to ensure effective coordination and attract major international investors to Abia, especially in key sectors such as agriculture, manufacturing, renewable energy, and infrastructure.

The summit, which carries the theme “Bridging Continents, Unlocking Prosperity,” will take place from November 25 to 27, 2025, at the International Conference Centre in Umuahia. It is expected to draw over 40 Turkish companies and other investors from across the globe, all keen on exploring opportunities in the state’s growing economy.

Speaking during a press briefing in Lagos, the Special Adviser to the Governor on Investment Promotion and Public-Private Partnership, Jerome Green-Amakwe, who also serves as the chairman of the TURAB 2025 Steering Committee, said Abia is ready to become the investment destination of the Southeast.

Green-Amakwe revealed that confirmed investors are showing strong interest in agriculture, textiles, furniture, manufacturing, renewable energy, and construction. 

He expressed optimism that these engagements could yield investments worth several million dollars, translating into billions of naira for the local economy.

According to him, the administration of Governor Alex Otti is creating the right environment for investors through improved infrastructure, clear policies, and strategic partnerships such as the one with VEGA.

Green-Amakwe noted that he government’s agricultural focus includes plans to modernise farming systems, expand processing facilities, and promote agribusiness partnerships.

He explained that the Business-to-Business sessions scheduled during the summit will encourage technology transfer and collaboration between foreign investors and local entrepreneurs, including those in the agricultural value chain.

In her remarks, the commissioner for Trade and Commerce, Dr. Salome Obiukwu, affirmed that the state government is fully committed to hosting an impactful summit. 

She noted that comprehensive security and logistics plans are in place to ensure a seamless three-day event in Umuahia.

For VEGA Growing Global Enterprise, the partnership represents a major opportunity to strengthen investor confidence. 

Managing Partner, Mr. Eniola Ojajuni, explained that while global economic challenges can affect investment flows, Abia’s policies and incentives are structured to protect investors and reduce risk.

VEGA’s Director of Projects, John Onyemachi, highlighted that small and medium enterprises will feature prominently in the summit, with a strong focus on building partnerships between international investors and local businesses.

He further noted that the state government has identified several dormant industries, which present viable opportunities for revival through the summit’s outcomes.

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