Chinedum Treasure
Anambra State Government has approved a N200billion capital base for the Anambra Development and Investment Corporation (ADIC) with commitment to invest up to 30% of its capital.
The state also approved transfer of identified key state assets to ADIC.
Commissioner for Information, Dr Law Mefor who disclosed this on Tuesday said the approval was made during the fourth meeting of the Anambra State Executive Council (ANSEC) held at the Light House, Awka.
According to Mefor, the Corporation will soon launch a government-private partnership to mobilise development funds.
“Effective immediately, ADIC will operate as a highly favorable platform for both individual and corporate investors.
“The Council approved the Solution Innovation District (SID), to commence Code Anambra Talents Mastery Cohort.
“The approval follows the success of Cohort 1, the abundance of tech talent in Anambra, and the rising global demand for digital skills and innovation.
“SID is the Soludo Government’s hub for technology and innovation. It trains, incubates, mentors, and supports innovators, startups, tech companies, and entrepreneurs to deliver solutions for Anambra’s survival, growth, and technological future.
The Commissioner further revealed that the Council reaffirmed the state of emergency on the environment due to widespread environmental devastation.
According to him, all communities and businesses would observe a lockdown on Saturday, July 4, 2026, from 6:00 AM to 10:00 AM to enforce the order.
“The period is dedicated to the commencement of a statewide desilting and waste evacuation exercise. Movement will be restricted during these hours.
“Exemptions apply only to security agencies, health workers, ambulances, journalists, the fire service and other personnel on essential duties,” he added.
Mefor also disclosed Council’s approval for the release of N315,460,777.41 for restoration of electricity to parts of Uli community and the Chukwuemeka Odumegwu Ojukwu University, Chinweoke Mbadinuju Campus, Uli, awarded to Urban Prime Nig. Ltd.
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