The #SoludoSolution Approach
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For us at the Anambra State Investment Promotion and Protection Agency (ANSIPPA), the weekend is for resting.
At least for some of us.
The management team can not relate to this.
From attending social events, to virtual meetings with potential investors, down to the continuous task of ensuring we meet up with Governor Soludo’s target to deliver the Anambra Development Corporation, we have our hands full. But, this is what we signed up for… Anambra will be GREAT AGAIN!
Anyway, here is the update for the week.
ANSIPPA’s Governing Council Approves the Framework and Tentative Workplan for the ADC
Yesterday, following a presentation by the Managing Director, the proposed framework for the Anambra Development Corporation (ADC) was approved by the Governing Council. This was concluded at an emergency virtual meeting convened to finalize the structural framework and the timeframe for implementation of the ADC.
Next step will be to present the document to Governor Soludo for his input, feedback and final approval of the ADC framework. The Council also discussed and approved management’s recommendations on standing committees (Projects, Finance and Legal) of the Governing Council.
ANSIPPA Participates in 2023 Budget Defense Exercise
On Tuesday, November 22, 2022, the Agency had the privilege of defending its proposed 2023 budget before the Anambra State House of Assembly Committee on Finance and Appropriation. Central to the MD’s presentation on the 2023 fiscal year, was a detailed breakdown on the repositioning of ANSIPPA into a full-fledged development and investment corporation.
He also disclosed that the Agency was making plans to organize a maiden edition of the Anambra Investment Summit. The overarching objective of this summit is to signal to the business and investment world that the Soludo-led administration is committed to making Anambra Nigeria’s top investment destination. Already, the Agency is engaging with key ministries, departments and agencies to develop a concept note for the successful hosting of this event.
In his response, the Chairman of the Finance & Appropriation committee, Hon. Obinna Emeneka applauded the ANSIPPA team for its presentation and assured them of the full support and cooperation of the committee.
The Anambra State Hydrafoam and Concrete Agency (ANSHCA) Elicits Interests among Major Industry Players
MD ANSHCA with the Fulham Team at ANSIPPA
Last week, ANSIPPA and the MD of ANSHCA, Tochi Obi met with prospective investors interested in the commercialization of the ANSHCA. This Agency is in charge of producing hydrafoam, interlocking and concrete blocks used to support the State’s construction efforts. To optimize its operations, the Agency requires significant investment in equipment, human resources and marketing.
Investors such as RBC Group of Companies an industry leader based in Lagos, and Fulham Property and Management Limited, a subsidiary of Chisco Group of Companies have shown interest in making investments in the Agency to scale its operations and achieve profitability. Over the next couple of weeks, ANSIPPA’s management will review the proposals in detail and make recommendations to the Governor and the State’s Executive Council on the next steps.
Update the Pharmaceutical Industrial Park
Anambra Insights previously disclosed the State Government’s plan to develop a pharmaceutical industrial hub for the manufacturing and distribution of patented drugs and medical supplies. Earlier this week, the Special Adviser on Medicals and Pharmaceuticals, Dr. Nnadozie Godwin and the MD ANSIPPA held discussions with the former Country Director of United States Pharmacopeia, Dr. Chimezie Anyakora, to explore areas of partnership on this all-important project.
The objective of the meeting was to finalize a workplan to successfully deliver this project and attract technical assistance for project development from pharma-focused development partners and DFIs.
The creation of the park is in fulfillment of Mr. Governor’s agenda of promoting Anambra as a commercial and industrial hub.
Meanwhile…
As part of the Soludo administration’s promise to explore creative means of financing operations of state-owned enterprises and attracting private sector capital to Anambra State, the Government has approved the concessioning of the State’s Printing Press. This Corporation is domiciled under the Ministry of Information.
Industry operators and investors interested in participating in this process (Refurbish-Operate-Transfer concession) are invited to formally express their interest. The Expression of Interest (EOI) will be published in the Sun Newspaper edition on Monday, November 28, 2022. You can also download a copy of the EOI here
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For investment enquires, partnerships, collaborations, etc., kindly contact us at ansippa@anambrastate.gov.ng
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Nice job, kudos to ANSIPPA PR/DC Department
Working towards an industrial and a liveable Anambra. Great job!