The Anambra State Investment Promotion and Protection Agency (ANSIPPA) has unveiled plans to transition to Anambra Development and Investment Corporation (ADIC).
The Agency disclosed the plan today during a media roundtable in Awka, Anambra State capital.
The event, themed “Unleashing the Economic Potential: Anambra as a Prime Investment Destination,” brought media representatives together to discuss the Agency’s activities thus far and its future plans to foster economic growth in the State.
Speaking at the event, Mark Okoye, the Managing Director of ANSIPPA, expressed his gratitude to the media for their role in promoting the opportunities in the State.
He explained that the Agency has attracted over 10 major projects and numerous minor projects since its inception in 2014.
Okoye further unveiled the Agency’s future plan to transition into the Anambra Development and Investment Corporation (ADIC) – a full-fledged development corporation that expands ANSIPPA’s role, enabling it to undertake key phases of project development, such as conceptualization, design, bankability, structuring, and financing.
“Prof. Chukwuma Charles Soludo has highlighted three key sectors as cornerstones of his transformation agenda: technology, industrialization, and leisure and entertainment.
As ANSIPPA, we are mandated to crack the financing of key development projects. ADIC will give us that legal backing we need. Now, we can prioritize projects with a huge economic and development impact for the benefit of Ndi Anambra,” said Mark Okoye.
He also provided insights into the Anambra Investment Summit, an event scheduled for September 7-8, 2023.
The Summit will bring together key Development Partners, Development Finance Institutions, Investment Banks, Captains of Industries, Government Officials, and other stakeholders to showcase Anambra as a prime investment destination.
“The investment summit will be the first of its kind. We do not plan to invest our time and resources in organizing a talk shop where people speak English and leave. At this event, we will not only launch the ADIC, but we also intend to sign about seven (7) flagship projects that align with the Soludo transformation agenda.
“There is something for everyone. We will also have a start-up pitch competition where great ideas cutting across key sectors will receive seed funding for implementation. This administration is intentional about investing in our youth, and the summit will showcase that,” added Mark Okoye, MD/CEO ANSIPPA.
During the roundtable, prominent journalists had the opportunity to pose questions and engage in constructive discussions.
The questions touched on various subjects, including the housing challenge of the State, the Onitsha River Port project, the Oseakwa port, the developing service industry, the agro-economy, and the ease of doing business in the State.
To address the questions raised, the Managing Director gave details about ongoing engagements with stakeholders and potential investors to finalize some projects such as the Anambra Mixed-Use City, AUU Automotive Industrial Park, Integrated Agro-Industrial Park, the Anambra Export Emporium, Anambra Intra-City Rail project, and Solution Innovation & Technology District.
He also explained that the Governor was in talks with the concessionaire for the Onitsha River Port to discuss how best to finalize the dredging of the River Niger.
