Advancing Private Sector-Led Development and Investment Opportunities
Showcasing Anambra as a premier investment destination
Have you heard of the Anambra Investment Summit?
Of course, you have.
For two days, Anambra State will host Development Partners, Development Finance Institutions, Investment Banks, Banks, Captains of industries, Government Officials, and other relevant stakeholders. The event aims to showcase Anambra State, under the leadership of Prof. Chukwuma Charles Soludo, as a premier investment destination in Nigeria, Africa, and the world.
This week, we had two major events.
The Agency hosted reputable media platforms for a sit-down to discuss the plethora of opportunities Anambra presents and the future of private sector-led development in the State. We also had a public engagement session via Twitter Spaces.
For updates, we finalized the ADIC law review and received an update on the forensic audit conducted on existing MoUs.
The details
ANSIPPA ENGAGES STAKEHOLDERS IN ADIC LAW REVIEW
Last week, as part of the process to finalize the repositioning of ANSIPPA into the Anambra Development and Investment Corporation, ANSIPPA’s Executive Management joined other Government officials in the review of the ADIC draft law.
The draft law extends ANSIPPA’s mandate to allow the new Agency undertake key phases of project development including but not limited to project conceptualization, design, bankability, structuring, and financing.
The exercise was conducted by Secretary to the State Government, the Attorney-General, and the Special Advisers to the Governor on Legal Matters and Political Affairs.
With the conclusion of this crucial step, the draft law is expected to be passed in the coming weeks by the 8th State House Assembly following their inauguration on Tuesday, June 13, 2023.
ANSIPPA HOSTS MEDIA ROUNDTABLE
Last Friday, the Agency in its move to fulfill its mandate of attracting private sector-led development into the State, hosted a media roundtable.
The event brought together reputable media representatives to discuss ANSIPPA's ongoing initiatives, achievements, and future plans to drive economic development in the State.
Speaking, the Managing Director, Mark Okoye, emphasized the need for the private sector to key into the investment opportunities the State provides, adding that the Soludo-led administration is intentional about making Anambra a prime investment destination.
He further highlighted the key projects the State is currently focusing on to catalyze the transformation agenda of Prof. Chukwuma Charles Soludo. These projects include the Anambra Mixed-use Industrial City, Anambra Pharmaceutical Manufacturing Hub, AUU Automotive Industrial Park, Integrated Argo-Industrial Park, Anambra Export Emporium, Anambra Intra-City Rail Project, and the Solution Innovation District.
UPDATES
ANSIPPA TO RECEIVE FORENSIC AUDIT REPORT
Anambra Insights had previously reported the engagement of PriceWaterhouseCoopers (PwC), as forensic auditors to assess the viability of existing joint venture partnerships and the effectiveness of current operations, following the directive of Mr. Governor, Prof. Chukwuma Charles Soludo.
The audit is to assess all the Agency’s transactions from inception till September 2022 and also evaluate the progress of the Agency in achieving its set objectives, and its socio-economic impact and provide recommendations on better PPP practices.
Following the extensive work conducted by PwC, the final report is expected to be submitted to the Agency and the State this week. The report will provide a roadmap for how the Agency will interact with existing partners on inherited investment projects.
More details in our subsequent newsletters.
ANAMBRA STATE TO ENGAGE CONSULTANT TO DEVELOP RAIL MASTERPLAN
Last week, Anambra Insights reported the State’s intention to engage a consultant in developing a State-wide rail masterplan. In line with this, the State has put out a Request for Proposals. Kindly share with qualified firms.
ICYMI
Unlocking Potential: the Imperative of Regional Cooperation in the South East
In the course of my 11 years of public service, one challenge I have seen us face in the South East region is the priority of State influence over regional planning and cooperation.
In so many ways, this has limited our growth as a people and region. Today, we are in an even more unique situation: in 5 States, we have 4 different political affiliations.
However, if we can move past this, a regional economic development strategy presents huge opportunities and economic potential. I put my thoughts to paper in this newsletter.
Do share your thoughts.
Regards,
Mark Okoye
MD/CEO ANSIPPA
For investment inquiries, partnerships, collaborations, etc., kindly contact us at ansippa@anambrastate.gov.ng
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