ANSIPPA 3.0: The New Dawn
…the repositioning of ANSIPPA
The Anambra State Investment Promotion and Protection Agency (ANSIPPA) has officially commenced activities following the inauguration of the Governing Council by the Governor of Anambra State, Prof. Chukwuma Soludo, CFR. The Chairman of the Governing Council is Mustapha Chike-Obi, a former Managing Director of Asset Management Corporation of Nigeria while other Council members are Sammy Chidoka, Emeka Okeke, Christian Udechukwu, Marcel Offormata along with commissioners representing the following ministries - Justice, Finance, Lands, Industry and Budget & Planning.
Let’s Bring You Up To Date
Soludo presents the 2023 budget and announces the repositioning plans for ANSIPPA
The Anambra State Governor, Prof. Soludo presented the 2023 draft budget estimate to the Anambra State House of Assembly last week. The budget has a total proposed expenditure of 258.9 billion Naira with 63.2% devoted to capital expenditure and 36.8% for recurrent expenditure. According to Mr. Governor, the budget themed “Budget of Acceleration” was reflective of the current needs of the Anambra people and the immediate steps towards transforming Anambra State into a “livable and prosperous smart mega-city State”.
Also, during a television interview last week, the Governor highlighted his plans to transform Anambra into Nigeria’s top investment destination by repositioning ANSIPPA into a full-fledged development corporation responsible for conceptualizing, structuring and financing infrastructure projects and strategic investments in the State. This will allow the organization to expand its scope and take on more dynamic initiatives that will drive investment and boost economic activities in Anambra State.
ANISPPA 3.0 holds its first Governing Council meeting
On Wednesday, November 9, 2022, the Agency held its first Governing Council meeting under its new leadership. The meeting was chaired by the Chairman, Mustapha Chike-Obi. The Council resolved to implement the Governor’s vision to industrialize the State, attract global capital and visibility to the Anambra economy and take proactive steps to deliver the Anambra Development Corporation (ADC) project. Key sectors of focus will be Power, Transportation, Tourism, Technology, Financial Services, Healthcare, Education and the Green Economy.
ANISPPA signs feasibility study agreement for proposed Sky-Train project
In line with the infrastructure development plans of the #Soludosolution administration, ANISPPA entered into a Non-Committal Agreement with China Railway Beijing Engineering Nigeria Limited (CRBENL) to finance and conduct a feasibility study for the construction of a sky-train project for the Onitsha Metropolis. The project hopes to facilitate the movement of persons and services across major cities in Anambra (Onitsha, Nnewi, Awka and Ekwulobia) with modern rail infrastructure. According to the agreement, CRBENL will conduct feasibility studies to determine the economic viability and explore potential financing options for the proposed project. The Sky-Train is expected to boost economic activities, create jobs and modernize key economic hubs in Anambra State. It will also provide an environmentally friendly mode of transportation to decongest traffic on our roads and reduce carbon emissions.
From the Management’s Desk.
…introducing Anambra Insights
Anambra Insights is the official newsletter for the Anambra State Investment Promotion and Protection Agency (ANSIPPA). With this medium, we intend to bring you first-hand information on the developmental activities undertaken by this administration. You would also get to see a step-by-step progress report of the agency.
It is our desire to promote transparency and accountability while we continue to give our best effort to attracting value for the State. I invite you to subscribe and share to fellow Ndi Anambra, Nigerians and other interested persons worldwide!
Welcome on board!🙂
Mark Okoye,
MD, ANSIPPA
SNEAK PEAK
The Government through ANSIPPA and the office of Special Adviser on medicals and pharmaceuticals is in talks with international development finance institutions and development partners regarding the development of a Pharmaceutical Industrial Park at Ogboji, Anambra State. The proposed project is expected to have an Agro-center where plant-based raw materials will be used as feed stock and input material for the pharmaceutical industrial corridor. The project, upon completion in a few years, aims to generate over $200 million of exports, 30+ pharmaceutical industries and 3,000+ jobs.
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Congratulations on the Inauguration of the new board. I hope it attract foreign investment to Anambra State because currently Anambra is lacking foreign investments.
Nice! Looking forward to the next edition. Thanks