Anambra Attracts N472bn Investments In 18 Months

Governor Willie Obiano of Anambra State on Friday, said the state attracted investment worth 2.4 billion dollars (N472bn) in the past 18 months. The governor disclosed this during a courtesy visit and bell ringing at the Nigerian Stock Exchange in Lagos. Obiano said the state government had embarked on several initiatives and strategies aimed at increasing investment and revenue generation.
He said the state’s Internally Generated Revenue currently stood at N1.3bn, adding that there were plans to increase the monthly IGR to N3bn. He said that the state had established an investment outfit where investment discussions could be finalised in a one stop shop within one week.

The governor added that tax incentives would be given to companies that would indicate interest to invest in the state. He stated that the state had established an outfit called Anambra State Investment and Promotion Agency to fasten investment opportunities. The governor said ANSIPA was a special purpose vehicle established to facilitate the industrialisation process of the state through helping prospective entrepreneurs to overcome the hurdles of infrastructure and land title. “It is a one stop investment outfit, so if you want to invest in Anambra State, you don’t need to go to 10 places, just come to the outfit and discuss your business.