Okoye: Anambra tapping investment funding with bankable projects

Anambra State in Nigeria is making significant strides in unlocking investment funding and promoting economic growth through bankable projects. Mark Okoye, the Managing Director of the Anambra State Investment Protection and Promotion Agency, recently shared insights on the government's strategies to reduce dependency on allocations from the Federal Government. In an exclusive interview with CNBC Africa's Akin Obakeye at the second edition of the Anambra State Investment Summit, Okoye emphasized the importance of creating an enabling environment for businesses to thrive. One of the key strategies highlighted by Okoye is the state's focus on attracting investments from diverse sources to drive sustainable development. By leveraging public-private partnerships and other innovative financing mechanisms, Anambra State aims to fund critical infrastructure projects and boost job creation. This proactive approach not only accelerates economic growth but also enhances the overall quality of life for residents. Furthermore, Okoye underscored the significance of promoting transparency and accountability in governance to build trust with investors. By implementing robust regulatory frameworks and ensuring compliance with international best practices, Anambra State aims to position itself as a preferred destination for both domestic and foreign investors. This commitment to good governance serves as a cornerstone for long-term economic stability and prosperity. In addition to financial incentives and regulatory reforms, Anambra State is actively engaged in capacity building and skills development to empower its workforce. By prioritizing education and vocational training, the state is equipping its citizens with the tools needed to participate in emerging industries and contribute meaningfully to the economy. This strategic focus on human capital development not only drives innovation and competitiveness but also fosters a culture of entrepreneurship and self-reliance. As Anambra State continues to advance its investment promotion agenda, stakeholders are optimistic about the prospects for sustainable development and inclusive growth. By fostering strategic partnerships, embracing technology and innovation, and investing in its people, the state is paving the way for a thriving business ecosystem and a vibrant economy. With a clear vision and a commitment to excellence, Anambra State is poised to unlock new opportunities and realize its full potential on the global stage. In conclusion, Mark Okoye's vision for Anambra State revolves around leveraging investment funding to drive economic transformation and create a prosperous future for all stakeholders. Through a combination of strategic initiatives, policy reforms, and targeted interventions, the state is laying the foundation for sustainable development and inclusive growth. By harnessing the power of collaboration and innovation, Anambra State is set to emerge as a beacon of progress and prosperity in the Nigerian landscape.