Okpekpe Race: Edo Business Mogul Wants More Private Investment in Sports

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By Igbaugba Ehigimetor

Hosa Okunbor, a businessman  in Edo  on Sunday called for more private investment in sports in the country to ensure the growth and development  of the sector.

Okunbor, Chairman, Wells Carlton Hotels and Apartment, Benin, supporter of the 2019 Okpeke 10km Annual Race, made the call when fielding questions from journalists in Benin.

He said that more investment in sports would have multiplier effects in all facets of the nation’s economy.

According to him, not only will it boost the domestic economy, but will also help in addressing some of the nation’s security challenges, especially youth restiveness.

“It was this reason that my company took the decision to support the 7th edition of the annual 10km Okpekpe Road Race,’’ business mogul said.

While commending the organisers of the race for their ability in sustaining the annual event for seven years running, Okunbor said the race had capacity to boost the economy of communities around the area and Edo in general.

He, however, urged the organisers to ensure that there was improvement in the next edition of the race, as the tournament aimed to achieve the Gold Label status.

“Everywhere they do marathon, the economy of the place bubbles and with little time this community will benefit immensely.

“It is something I believe that we should all built together. Personally, I love sports; whatever opportunity I have, I support sports.”

Also, the Managing Director, Wells Carlton & Apartment, Juergen Odenwald, said that as part of the company’s Corporate Social Responsibilities, the management had decided to support sports development.
“Since we are into business that delivers excellence in the hospitality sector, we feel we can also deliver excellence in sports by promoting it.

“Wells Carlton is a baby of Captain Hosa. It is his initiative to support this activity,” he said.


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