The Anambra State Government has said it attracted over $500 million in funding commitments and strategic partnerships.

The state Governor, Prof. Charles Chukwuma Soludo, who said the funding is to enable the transformation of the state into a major economic hub, added that he is inviting investors, stakeholders, and development partners to join this transformative journey.

He reiterated the administration’s dedication to transforming Anambra into a livable and prosperous smart megacity, creating an investor-friendly climate, fostering industrial growth, and promoting sustainable development through pro-business policies and ease of doing business reforms, diversification of the economy across agriculture, healthcare, energy, and tourism and public-private partnerships for long-term sustainability.

In a statement, issued at the end of Anambra Investment Summit 2024, recently held in Awka, with theme: “Changing Gears: Accelerating Anambra’s Economic Transformation”, the state government said the summit was convened to get key stakeholders, including development partners, financial institutions, captains of industry, and government officials, to discuss investment opportunities and chart a sustainable path for Anambra’s economic growth.

The summit highlighted progress on last year’s agreements, including projects initiated, underscoring the government’s commitment to delivering results.

The $250 million secured from Afreximbank for investment in infrastructure financing for major projects including Anambra Mixed-Use Industrial City (AMIC), Anambra Intra-City Rail, etc; AMIC Masterplan completed, awaiting groundbreaking, Intra-City Rail Project: Route selection completed; feasibility studies are ongoing and Awka Shopping Mall: On track for second quarter 2025 completion by Sundry Markets, Solar Energy Deployment, Neni Potable Water Project, Automotive Industry Expansion, among other milestones.

The agreements for this year’s event include several transformative partnerships were formalized during the summit, including partnership with UNDP to establish Makers Space, a hub for technology and entrepreneurship, agreements with Genesis Energy and VFD Energy to develop Independent Power Plants (IPPs), collaboration with JNC International to build a specialized cancer treatment facility, CardinalStone to establish a naira-denominated fund under the Anambra Development and Investment Corporation (ADIC) for infrastructure projects, among others.