Anambra approves N200bn investment corporation, releases funds for power restoration

The Anambra State Executive Council has approved the establishment of the Anambra Development and Investment Corporation (ADIC) with a capital base of N200 billion. The state government will contribute 30% of this capital, aiming to attract investment and mobilize development financing through public-private partnerships. The corporation is positioned as a favorable platform for both individual and corporate investors.

In addition to the investment initiative, the council approved the commencement of Code Anambra Talents Mastery Cohort 2, an innovation hub focused on technology and digital skills. This decision stems from the state's recognized abundance of tech talent and the growing global demand for digital expertise. The Solution Innovation District, established by the Soludo administration, aims to train, mentor, and support innovators and entrepreneurs.

The state government also reaffirmed its state of emergency on the environment, responding to widespread degradation. A statewide environmental sanitation exercise is planned for July 4, 2026, involving a temporary lockdown for communities and businesses. This exercise is part of a campaign to tackle flooding through desilting and waste evacuation.

Furthermore, the Executive Council sanctioned the release of over N315 million for the restoration of electricity supply. This funding is designated for parts of the Uli community in Ihiala Local Government Area and the Chukwuemeka Odumegwu Ojukwu University's campus in Uli. The council's decisions reflect a multi-faceted approach to development, innovation, environmental management, and infrastructure improvement within Anambra State.

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Effective immediately, ADIC will operate as a highly favourable platform for both individual and corporate investors.