Investors have been called upon to recognise Anambra as a prime destination for investment in the agricultural sector and renewable energy solutions.
The call was made by Mr Mark Okoye, Managing Director and Chief Executive Officer of the Anambra State Investment Promotion and Protection Agency.
He spoke with the News Agency of Nigeria (NAN) on the sidelines of the Africa Investment Forum, Market Days 2024, which closed recently in Rabat, Morocco.
Okoye noted that Anambra emergence is a top investment destination in Nigeria, thanks to its strategic location, rich natural resources, and business-friendly environment.
He highlighted Anambra’s focus on agriculture, particularly the development of an agro-industrial complex within the state’s mixed-use industrial city.
The project has received a significant boost, with the African Development Bank (AfDB) mobilising over $2 billion in financing.
Anambra was selected as one of the top states in the first phase of the programme, which Okoye attributed to its readiness and willingness to work with investors.
“The state has acquired 4,000 hectares of land, set up a special purpose vehicle, and completed its master plan, business case, and environmental social impact assessment,” he said.
Okoye also emphasised Anambra’s commitment to ease of doing business, ranking seventh in the country and first in the southeast and southern Nigeria.
According to him, the state’s Geographic Information System (GIS) ensures that investors can quickly and easily acquire land, with all necessary documentation processed within a week.
“In addition to its investment-friendly environment, Anambra boasts a highly skilled and entrepreneurial workforce, with a strong culture of innovation and excellence.
“The state’s proximity to major markets, including the bustling city of Lagos, makes it an ideal location for businesses looking to expand their reach,” he said.
Okoye also highlighted the state’s focus on renewable energy, with plans to provide power to major markets in the state.
“The state has partnered with renewable energy players, including GVE and VFD Energy, to achieve this goal.
“With its unique combination of natural resources, business-friendly environment, and skilled workforce, Anambra State is poised to become a major hub for investments in Nigeria.
“Anambra is the place to be,” he said. (NAN)