On Progress and Potential
Unlocking Opportunities, Forging Partnerships, and Empowering Economic Growth
A fortnight ago, Mr. Governor thought “I have an event in Lagos, why don’t I present my scorecard to Ndi Anambra and inform them of my future plans…” He reached out to the Managing Director of the Anambra State Investment Promotion and Protection Agency and the Head of the Lagos Liaison office and gave a mandate.
This mandate trickled down to a small team and a few days ago, the world had a shift in perception as it relates to doing business in Anambra and the opportunities available.
In case you missed it, this short video summarized the townhall meeting with interviews from Prof. Chukwuma Charles Soludo CFR and Mark Okoye
To fully utilize the trip to the Centre of Excellence, the Agency began its familiarization tour to key players in the private sector.
On Thursday, June 22, 2023, the team initiated the tour with a visit to FBNQuest - a leading name in Merchant Banking and Asset Management across West Africa. The discussions centered around project development and asset & portfolio management ahead of the unveiling of the Anambra Development and Investment Corporation (ADIC).
ADIC will expand on ANSIPPA’s current mandate to undertake key phases of project development, such as conceptualization, design, bankability, structuring, and financing.
After a decade of leaving the private sector for public service, the Managing Director led the team on a homecoming visit to Afrinvest West Africa Limited, a wealth advisory firm specializing in investment banking, asset management, securities trading, etc.
The investment firm discussed the projects being developed by the Agency and expressed interest in supporting the State. The meeting also explored an alignment between global Public-Private-Partnership best practices and the draft legislation for the ADIC.
Still on Thursday, as a side event to the Anambra State Government Townhall meeting with Ndi Anambra, the Agency organized an interactive session with professionals and key players across department partners, DFIs, investment banks, banks, etc.
The event which was also held at Colonades Hotel had an engaging discussion between the State representatives and the private sector on ways to achieve Governor Soludo’s transformation agenda.
As he welcomed attendees to the event, the Secretary to the State Government, Prof. Solo Chukwulobelu emphasized the need for a stronger collaboration between the Government and private sector, explaining that Anambra State was ready to drive projects that can catalyze economic growth and development in line with Soludo’s promise to transform Anambra into a livable and prosperous homeland.
Mark Okoye, delivered a presentation breaking down key infrastructure projects the State was currently developing, discussing the funding requirements for each project and their expected impact. Also speaking was the Commissioner for Industry, Christian Udechukwu, and the MD/CEO of Anambra ICT Agency, Chukwuemeka Fred Agbata.
Highlights of the event were feedback from attendees on how the State can better engage the private sector, improve the investment climate, and the launching of the Agency’s corporate profile which provides a guide on how best to engage the State on investments and partnerships.
The day ended on a high note with a successful town hall meeting between Mr. Governor and Ndi Anambra.
Addressing the crowd, Prof. Soludo presented his scorecard for the last 15 months and reiterated his commitment to transforming the State. He discussed his focus areas; industrialization, technology, and leisure & entertainment. For him, Anambra State under his administration will become “the destination for people to live, learn, work, relax and enjoy”.
Friday, June 23, 2023, started with a visit to Cardinal Stone - a full service investment banking & fund management firm. Speaking, Mark Okoye presented the opportunities the State offers with the unveiling of a development corporation, especially in the areas of optimizing the dormant potentially income-generating assets owned by the State.
From there, the team made a visit to the Lagos State Waterways Authority to understand how the Agency can attract private sector partnerships in developing the waterways in Anambra.
MD, LASWA, Damilola Emmanuel took the team on a boat ride to see the plethora of opportunities a developed marine transport system can contribute to a state’s economy.
Moving on, the team concluded the day with a final meeting with Commercio Partners - the fastest-growing investment banking outfit in Nigeria. As part of our preparation for flagship projects under ADIC, the Agency hopes to work with technical partners with strong expertise in structuring green and climate-friendly projects to tap into over $100 billion of green financing available globally.
As a follow-up to the tour, the Agency will issue a Request for Proposal in the coming weeks as the next step in engaging private sector partners that will assist the State’s efforts in project structuring and development, business development, portfolio optimization, and asset management.
If interested, do keep an eye out for it.
Meanwhile,
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For investment inquiries, partnerships, collaborations, etc., kindly contact us at ansippa@anambrastate.gov.ng
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Excellent development.
The State is pregnant of many opportunities.
It was quite an eventful week, kudos to the ANSIPPA Team 👏👏💪👏