Industrialize Anambra!
Catalyzing the Fourth Industrial Revolution for the State.
Happy New Week.
Hope your weekend was great.
For us at the Anambra State Investment Promotion and Protection Agency (ANSIPPA), the week is starting off on the right note. Last Friday, we had our public engagement session via our Twitter handle, where we discussed the Anambra Development and Investment Corporation and what it meant for investments in the State.
You can listen to the recording here
Last week, we had more meetings outside the office than within. We engaged with other MDAs to get progress reports on projects, went on a few site visits, and worked on finalizing the execution plan for the Anambra Investment Summit. Some of the details will be disclosed now, others will be published at the right time. But, this is a good time to share this publication.
Here are the details for the week
ANAMBRA CONDUCTS A SITE VISIT TO THE ONITSHA RIVER PORT
On Thursday, May 4, 2023, the Anambra State Investment Promotion and Protection Agency (ANSIPPA) paid a site visit to the Onitsha River Port. It should be recalled that after 5 years of engagement with the Federal Government, a concession agreement was recently entered with the Universal Elysium Consortium.
The Universal Elysium Consortium led by MD/CEO Dr. George Nwangwu comprises Universal Elysium Limited (Lead Investor), China National Electrical Engineering Limited (EPC Contractor), Port of ANTWERP (Technical Partner), and China Harbor Engineering Company (Nig.) Ltd (Technical Partner).
During the tour of the site, the Port Manager, Wannes De Wit explained the urgent need for the dredging of the river to allow for larger vessels and barges to berth at the Onitsha Port. He also talked about the opportunities the Port presents especially in moving consignment from Lagos and Onne Ports to the South East region and other parts of Nigeria. It is estimated that annually, over 1,000,000 40ft containers come in via Lagos and over 60% utilize the Niger bridge in Onitsha. The project is estimated to bring in over 400,000 containers annually at full capacity.
Speaking, the Managing Director, ANSIPPA, Mark Okoye explained that the State, through the Governor, Prof. Chukwuma Charles Soludo, will ensure they provide all the necessary support to ensure the Federal Government and Nigeria Inland Waterways Authority prioritizes the dredging of the river. He also promised to brief the Governor and the Ministries concerned about the current developments.
The Onitsha River Port will open up the State, lay the groundwork for the fourth industrial revolution in Anambra, and significantly boost economic activities across the State and the wider region.
ANAMBRA STATE TO COMMENCE MASTERPLAN DESIGN FOR FLAGSHIP INDUSTRIAL CITY PROJECTS
Earlier this year, Anambra State began discussions with Mahindra Consulting to develop an industrial masterplan that will guide the industrialization of the State. Mahindra Consulting is a top global consulting firm that specializes in advising Governments, Development Agencies, and Private Sector on projects that can catalyze industrialization.
The State through the Ministries of Industry, Works, and ANSIPPA is in the process of engaging Mahindra to develop a masterplan for the State’s flagship 5,000-hectare mixed-use industrial city project. The document will suggest and justify locations to site industrial parks and clusters, special economic zones, and other infrastructures that will drive industrialization.
Following the meeting this week, Mahindra, once engaged, is expected to complete the development of this master plan before the end of 2023, and offer advisory services on the marketing plan for the industrial park projects.
More updates on this process will be in our subsequent newsletters.
ANSIPPA RECEIVES A STATE OF THE NATION REPORT FROM STEARS INSIGHTS
To improve access to accurate information across Nigeria’s economy, we recently subscribed to the data intelligence platform: Stears Insights to gain access to data about Nigeria’s socio-economic indicators that influence investment decisions and capital allocation.
Following that engagement, we received a State of the Nation report from the intelligence platform that highlighted issues affecting our socio-economic development and proffered innovative solutions to boost investment promotion and FDIs into Nigeria.
The report touched on the current strengths of Anambra state, explained the perceived weaknesses, and suggested opportunities for the administration to explore that will drive economic development for Ndi Anambra.
UPDATES
The Anambra State Investment Promotion and Protection Agency (ANSIPPA) on Friday, May 5, 2023, hosted a public engagement session to discuss the repositioning of the Agency and how it impacts the future of investments in the State.
The event which was organized via the Agency’s official Twitter Handle (@ANSIPPA) enjoyed the active participation of Ndi Anambra, residents of Anambra, Nigeria in the Diaspora, and other interested stakeholders.
ANSIPPA hopes to organize frequent sessions to ensure continuous engagement between the Agency and Ndi Anambra, especially in matters relevant to improving the ease of doing business in the State and the transformation Agenda of Prof. Chukwuma Charles Soludo.
You can listen to the recording here
For investment inquiries, partnerships, collaborations, etc., kindly contact us at ansippa@anambrastate.gov.ng
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Great job to Ndi Anambra via Anambra State Investment Promotion and Protection Agency [ANSIPPA]