Anambra Attracts $6bn FDI In 40 Months 

BY CHINYERE OBIORA, AKWA – Anambra State has enjoyed Foreign Direct Investment (FDI) inflow to the tune of over six billion US dollars in the last 40 months, State Governor, Chief Willie Obiano has said.

He said this good report of FDI’s huge inflow was hinged on his administration’s four strong pillars of Agriculture, Industrialization, Trade and Investment and Oil & Gas to move Anambra State forward.

Addressing the 24th seminar for Finance correspondents and Business Editors organised by Central Bank of Nigeria (CBN) in Awka, Governor Obiano said Anambra government is proud of that its conscious efforts so far have raised the Gross Domestic Product (GDP) of the State by about 150 per cent.

Chief Obiano, represented by the Commissioner of Information and Strategy, Mr. Tony Nnaechetta, said the State has put in place Economic stimulus package, which relieved low-income earning citizens, like artisans, Keke NAPEP operators among others from paying taxes, tolls or levies at markets, hospitals and other public places.

The Governor, currently campaign for his second term in office, said this policy focus by the State government aims at improving the living standards of ordinary Anambra citizens long impoverished by the harsh economic environment and lopsided government policy that tend to favour the rich and wealthy of society.

In welcoming participants to Awka, the Anambra State capital, Governor Obiano said Anambra remains the safest State in the country, a position he claimed has been collaborated by the Inspector-General of Police on several occasions, adding that security is the first enablement for the growth currently being witnessed in the State. 

He expressed the hope that participants will have an opportunity to see and fully appreciate the State government’s developmental strides, even as he urged them to take time out and enjoy the State’s peaceful and serene atmosphere.  

In his welcome remarks, Branch Controller, Central Bank of Nigeria (CBN), Awka, Mr Chuks Sokari said the Seminar theme; “Import Substitution and the Dynamics of Interest and Exchange Rates Management In Nigeria” presents an opportunity for participants to understand and appreciate the inter-play of factors responsible for growth and economic stability of the Nigerian economy

He described Anambra as a secured and peaceful State and wished all participants fruitful deliberations and pleasant stay throughout Seminar’s duration.