In a statement issued by the Chief Press Secretary, Fred Itua, the governor lamented the negative impact of cultism on the state’s economy, citing that frequent clashes between rival cult groups have scared away investors and disrupted local business operations—particularly over the past five years.
“It’s not just a threat to public peace—it’s a major economic setback,” Itua stated. He pointed out that insecurity has discouraged both local investors and Edo indigenes in the diaspora from bringing funds into the state.
According to data from the Nigerian Diaspora Commission, Edo tops the list of Nigerian states with the highest diaspora remittances. However, Itua noted that 95 percent of these funds are being invested elsewhere due to safety concerns, draining Edo of vital economic resources.
The violence has affected critical infrastructure and forced the shutdown of several businesses. Sectors such as tourism, hospitality, and transport have suffered significant losses as a result of the instability.
Despite these challenges, the Okpebholo administration is taking boldsteps to reverse the trend. The governor has declared a full-scale war on cultism and initiated aggressive security reforms aimed at restoring law and order—especially in Benin City, the state capital.
Itua reported that the government’s security crackdown is beginning to yield results, with increased collaboration from civil society organizations, youth groups, and community leaders. The Edo Security Corps has also intensified efforts to combat cultism and kidnapping.
As part of the recovery strategy, Governor Okpebholo is encouraging citizens and diaspora investors to reconsider opportunities in Edo—particularly in the real estate, agriculture, and hospitality sectors. The administration is also cleaning up the land administration process to foster safer and more transparent investment in property development.
“This is a shared responsibility,” Itua said. “We’re calling on all Edo citizens, at home and abroad, to join hands with the governor in reclaiming our state from the grip of violence.”
He reaffirmed the governor’s commitment to transforming Edo into a secure and business-friendly environment. “Governor Okpebholo will not allow violence to define Edo’s future. Peace is being restored, and with it, the state’s economic revival,” he added.
