The Anambra State Government has announced the successful attraction of over $500 million in funding commitments and strategic partnerships aimed at transforming the state into a major economic hub.
Governor Prof. Charles Chukwuma Soludo made this announcement during the recent Anambra Investment Summit 2024 held in Awka, themed "Changing Gears: Accelerating Anambra’s Economic Transformation."
Governor Soludo emphasized the administration's commitment to creating a livable and prosperous smart megacity, fostering an investor-friendly environment, and promoting sustainable development through pro-business policies.
He invited investors, stakeholders, and development partners to join in this transformative journey.
The summit gathered key stakeholders, including development partners, financial institutions, industry leaders, and government officials, to discuss investment opportunities and outline a sustainable path for Anambra’s economic growth.
A significant portion of the funding includes $250 million secured from Afreximbank for infrastructure financing of major projects such as the Anambra Mixed-Use Industrial City (AMIC) and the Anambra Intra-City Rail.
The AMIC master plan is complete and awaiting groundbreaking, while feasibility studies for the intra-city rail project are currently underway. The Awka Shopping Mall is also on track for completion by the second quarter of 2025.
During the summit, several transformative partnerships were formalized, including a collaboration with UNDP to establish a Makers Space for technology and entrepreneurship.
Agreements were also reached with Genesis Energy and VFD Energy to develop Independent Power Plants (IPPs) and with JNC International to construct a specialized cancer treatment facility.
Mark Okoye, Managing Director of the Anambra State Investment Promotion and Protection Agency (ANSIPPA), reiterated that these initiatives are part of a broader strategy to diversify the economy across sectors such as agriculture, healthcare, energy, and tourism.
