The Anambra investment corporation has received a major boost after the Anambra State Executive Council approved a capital base of N200 billion for the establishment of the Anambra Development and Investment Corporation (ADIC), a new vehicle expected to attract private investment and accelerate economic development across the state.
The decision was announced after the latest Executive Council meeting by the Commissioner for Information and Value Reformation, Dr. Law Mefor, who said the state government would contribute 30 per cent of the corporation’s capital while transferring selected strategic government assets to support its operations.
According to Mefor, the newly approved Anambra investment corporation is designed to become a strategic platform for mobilising development finance and expanding investment opportunities through public-private partnerships. He disclosed that ADIC would soon commence a public-private partnership initiative aimed at attracting both local and international investors into key sectors of the state’s economy.
“Effective immediately, ADIC will operate as a highly favourable platform for both individual and corporate investors,” Mefor said.
The state government believes the corporation will strengthen its long-term economic development strategy by providing a structured investment platform capable of financing infrastructure and other growth-oriented projects.
Beyond the investment initiative, the Executive Council approved the commencement of Code Anambra Talents Mastery Cohort 2 under the state’s Solution Innovation District (SID) programme. The approval followed what the government described as the successful completion of the programme’s first cohort. Mefor explained that the decision reflects Anambra’s growing reputation as a hub for technology talent and responds to increasing global demand for digital skills and innovation.
The Solution Innovation District, established by the administration of Governor Chukwuma Soludo, serves as the state’s innovation ecosystem, providing training, mentorship, incubation and business support for startups, technology companies, innovators and entrepreneurs developing solutions that contribute to Anambra’s economic and technological advancement.
The Executive Council also reaffirmed the state’s environmental emergency as part of efforts to address increasing environmental degradation and reduce flood risks. As part of the renewed enforcement measures, the government announced a statewide environmental sanitation exercise scheduled for Saturday, July 4, 2026, between 6:00 a.m. and 10:00 a.m.
During the exercise, residents, businesses and communities across Anambra State are expected to observe a temporary restriction on movement while sanitation activities take place. According to Mefor, the exercise will also mark the official commencement of a statewide desilting and waste evacuation campaign designed to improve drainage systems and minimise flooding across vulnerable communities.
The Executive Council further approved the release of N315,460,777.41 to restore electricity supply to parts of Uli Community in Ihiala Local Government Area and the Chukwuemeka Odumegwu Ojukwu University, Chinweoke Mbadinuju Campus, Uli. The funding is expected to improve power supply to the affected communities and support academic and economic activities within the university environment.
The latest approvals highlight the Soludo administration’s continued focus on economic diversification, technology development, environmental sustainability and infrastructure improvement.
With the establishment of the Anambra investment corporation, expansion of digital skills initiatives, renewed environmental interventions and fresh investment in electricity infrastructure, the state government says it is positioning Anambra for increased private sector participation and long-term economic growth.
