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🇳🇬 Nigeria /Economy & Trade

Soludo Appoints Pioneer CEO for Anambra Investment Corporation

From The Punch · (15m ago) English

Translated from English, summarized and contextualized by DistantNews.

TLDR

  • Governor Chukwuma Soludo of Anambra State appointed Nwabunwanne Okonkwo as the pioneer CEO of the Anambra State Development and Investment Corporation.
  • Okonkwo, a finance lawyer with over 16 years of experience, is tasked with attracting and overseeing major business and infrastructure projects, as well as private sector investment.
  • Okonkwo previously mobilized over $1 billion for governments and corporations in Africa and holds a master's degree from Wayne State University, USA.

Anambra State Governor, Prof. Chukwuma Soludo, has taken a significant step towards bolstering the state's economic landscape with the appointment of Nwabunwanne Okonkwo as the pioneer Chief Executive Officer of the newly established Anambra State Development and Investment Corporation (ADIC).

The Governor of Anambra State, Prof. Chukwuma Soludo, has appointed Nwabunwanne Okonkwo as the pioneer Chief Executive Officer of the newly established Anambra State Development and Investment Corporation.

— Christian AburimeStatement from the governor's Chief Press Secretary announcing the appointment.

This strategic move underscores Governor Soludo's commitment to driving robust growth by attracting and facilitating major business and infrastructure projects, alongside crucial private sector investment. The corporation's mandate is clear: to serve as a catalyst for development and a magnet for capital.

He is to execute the corporation’s mandate of attracting, financing and overseeing major business and infrastructure project development and private sector investment in Anambra State.

— Christian AburimeStatement from the governor's Chief Press Secretary detailing Okonkwo's responsibilities.

Okonkwo brings a wealth of experience to the role, boasting over 16 years in the financial services sector. His track record includes mobilizing over $1 billion for various governments and corporations across Africa during his tenure at DLM Advisory. His academic credentials, including a master's degree in corporate finance from Wayne State University, Michigan, USA, further solidify his qualifications for this pivotal position.

Okonkwo is a finance lawyer with over 16 years’ experience in the financial services sector.

— Christian AburimeStatement from the governor's Chief Press Secretary describing Okonkwo's background.

This appointment is a testament to Governor Soludo's vision for a more prosperous Anambra, signaling a proactive approach to economic development and investment promotion. The establishment of ADIC and the selection of a seasoned professional like Okonkwo are expected to yield tangible results in project execution and capital inflow.

Prior to his appointment at ADIC, Nwabu was the Managing Director of DLM Advisory, the investment banking arm of DLM Capital Group, a development investment bank leading innovative transactions in Nigeria, where he helped mobilise in excess of $1 billion for different governments and corporates across several industries in Africa.

— Christian AburimeStatement from the governor's Chief Press Secretary detailing Okonkwo's prior experience.
DistantNews Editorial

Originally published by The Punch in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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