Anambra Investment Portfolio Increases by $100m worth of Investment
By Obika Chidiebele
“I know we worked hard in my first term but we will work harder in this second term” ~ Gov Willie Obiano, March 17, 2018. The driving force of Gov Willie Obiano’s vision stems from his unequaled propensity to aggressively develop Anambra state and make her an investor’s haven. This zeal could be observed from his approach to security and returns on investments, the key question for every potential investors.
A Proud State
Anambra, almost the second smallest state in Nigeria (landmass size) has the highest concentration of genuine billionaires in Africa (over 200); the highest concentration of private jet owners and houses. It has the biggest market in West Africa, with over five million people living and working in the state. The State’s Nnewi industrial cluster manufactures a whole lot of products from motorcycles and spare parts to House Hold utensils. The Innoson Vehicle Manufacturing Coy while has purchase order from the Nigerian military for army trucks is considered the first Indigenous vehicle manufacturing company in Africa. Anambra has the people, the market and most importantly, security, which ensures proper returns on investments. The golden touch Anambra receives under the leadership of Gov Willie Obiano, had nudged the state ahead in several indices: Safest State in the Nation, 3rd biggest Economy in Nigeria with consistent growth in GDP, Massive Infrastructures and institutionalization of governance among others. It is no longer news that there is today the Anambra Investment Promotion and Protection Agency, ANSIPPA. This one-stop shop for investment is the first of its kind in Nigeria. Through this Agency, the government enters into partnership with willing investors and this arrangement has seen Anambra net about $4.5b worth of investments. Through these partnerships, Anambra has become the most beautiful bride in the investment circuit in Nigeria. These investments span across all the sectors of the economy (Agriculture, Oil and Gas, Housing, environment and others). It suffices to add that Anambra state under Gov Willie Obiano is close toself sufficiency in staple foods; Rice, Cassava, Vegetables, Tomatoes and other industrial goods like Sorghum for beer production.
Anambra’s stable economy was evidenced during the recession period in Nigeria. Anambra state was among the few states in Nigeria, that remained solvent through the crushing and depressing periods of the recession. It was during this period that the state adopted the Community Choose A Project Initiative. Through this program, all the 177 communities and 65 major markets in the state received N20m each to build any project according to their need. The regular payment of workers salaries, pensions and gratuities remained one of the masterstrokes that sustained circulation of money within the state which helped check the biting recession. Gov Willie Obiano rode to electoral victory at the November 18th 2017 guber polls where he won in all the local government areas in the state, an indication that his strides in all the sectors of governance have been felt across the State. Gov Willie Obiano, being mindful of the trust ndi Anambra have in him, has continued exploring ways of attracting investments into the state. His recent Anambra State Investment Summit held at Chicago Illinois, USA, was a testament to this. Chief Obiano practically took his “Aku Luo Uno” message to ndi Anambra in America and other interested investors.
This summit which held from 23rd through 24th of April, 2018, saw a clear down-to-top approach whereby the state contingent led by His Excellency, Dr Willie Obiano with (Mr Primus Odili – Chief of Staff, Mr Mark Okoye – Commissioner for Budget and Economic Planning, Mac Atasia – Chairman, ANETT, Mr Jide – CEO of ANSIPPA), and the facilitators; Vincent Izuegbu PhD, Dr Anthony Emeka Ibekie and Hon U.S Aniukwu had a successful summit. The Team visited the Monsanto Agronomy Centre where a class was held with talks on Maize, Soya bean and Sugar cane; its duration, varieties, pests and benefits. Questions were asked and answered; the team sought to know the compatibility of America’s species with the Nigerian soil, weather, output and protein yield. The summit rose with an estimated investment plan worth of over $100m from Bill Sample, Travel Chips, Monsanto Centre USA. These arrangements facilitated by ndi Anambra in Chicago Illinois, have the capacity of making Anambra self sufficient in large scale maize, soya bean, cat fish and tilapia productions and processing.
Currently, Anambra ranks tops in foreign direct investments by states in Nigeria. The investors in the coming months are expected to finalize their memorandum of Understanding and launch into the field.