The Anambra State Executive Council has approved a capital base of N200 billion for the establishment of the Anambra Development and Investment Corporation (ADIC), with the state government committing 30 per cent of the initial capital.
The state’s Commissioner for Information and Value Reformation, Dr. Law Mefor, disclosed this while briefing journalists after the Executive Council meeting. He said the government had also approved the transfer of key state assets to the corporation to strengthen its operations.
According to Mefor, ADIC will soon launch a public-private partnership (PPP) initiative aimed at mobilising development financing and attracting both local and foreign investment into the state.
“Effective immediately, ADIC will operate as a highly favourable platform for both individual and corporate investors,” he said.
The Executive Council also approved the commencement of Code Anambra Talents Mastery Cohort 2 under the Solution Innovation District (SID), following the successful completion of the first cohort.
Mefor explained that the decision was driven by the abundance of technology talent in the state and the growing global demand for digital skills and innovation.
The Solution Innovation District, an initiative of the Soludo administration, serves as the state’s technology and innovation hub. It was established to train, incubate, mentor and support innovators, startups, technology companies and entrepreneurs in developing solutions that will drive Anambra’s economic growth and technological advancement.
The commissioner further announced that the state government had reaffirmed the state of emergency on the environment in response to widespread environmental degradation across the state.
As part of enforcement measures, he said a statewide environmental sanitation exercise would be held on Saturday, July 4, 2026, from 6:00 a.m. to 10:00 a.m., during which residents, communities and businesses would observe a temporary restriction of movement.
According to him, the sanitation exercise will mark the commencement of a statewide desilting and waste evacuation campaign aimed at tackling flooding and improving environmental sanitation.
Meanwhile, the Executive Council also approved the release of N315.46 million for the restoration of electricity to parts of Uli community in Ihiala Local Government Area and the Chukwuemeka Odumegwu Ojukwu University, Chinweoke Mbadinuju Campus, Uli.
