The Anambra State Executive Council has officially approved a capital base of ₦200 billion for the establishment of the Anambra Development and Investment Corporation (ADIC), marking a major milestone in the state’s economic transformation agenda.
Under the approved framework, the Anambra State Government will commit 30 per cent of the total capital, amounting to ₦60 billion to kickstart the corporation’s operations, while the remaining balance is expected to be sourced through strategic partnerships and private equity.
The establishment of ADIC is designed to serve as the primary vehicle for mobilizing private sector investments and managing the state’s strategic assets. The corporation will focus on financing critical infrastructure, accelerating industrialization, and fostering an environment ripe for sustainable job creation across the state.
A direct 30 per cent equity stake (₦60 billion) from the state government to guarantee initial stability and investor confidence. The corporation will actively court local and international institutional investors to fill the remaining 70 per cent of the capital base. Funding will be prioritized for high-impact sectors including agriculture, technology, industrial parks, and urban renewal projects.
”This is a bold step toward transforming Anambra into a mega-commercial hub. By anchoring ADIC with a robust capital base, the state is signaling to the global investing community that it is ready for high-value partnerships,” an executive council source stated.
The council noted that ADIC will operate under a transparent, world-class corporate governance structure to ensure accountability and long-term viability. With this financial foundation, the corporation is poised to reduce the state’s reliance on federal allocations by creating new, sustainable internally generated revenue streams.
Further details regarding the appointment of the corporation’s board and the timeline for its full operational launch are expected to be announced by the state government in the coming weeks.
