The Anambra State Investment Promotion and Protection Agency (ANSIPPA) revealed that the state signed 20 strategic Memoranda of Understanding (MOUs) in 2025 and has 86.4% of projects active.
The investment promotion body, in reflecting on its activities in 2025, highlighted how it has projected Anambra State to investors, attracting Foreign Direct Investment and Public-Private Partnerships.
” We’ve spent 2025 changing gears, clearing bottlenecks, and unlocking global trade barriers. From securing Special Economic Zone status to institutionalizing our funding with the new ADIC law,” ANSIPPA stated.
In addition to its oversight function, ANSIPPA was able to review and terminate 46 inactive MOU’s from past administrations to ensure focus and clarity. Another highlight of the year was the passing of the ADIC bill into law, establishing the Anambra Infrastructure Project Development Fund with Cardinalstone.
On flagship projects, the Ikenga Shopping Mall in Awka is almost complete, and the Soludo Administration has soft-launched the complex, which already houses choice retail brands. During the year, the Anambra Mixed-use Industrial City (AMIC) was also designated a special economic zone.
ANSIPPA is a state-owned agency mandated to attract and protect private-sector investment in Anambra. It aims to reduce the Anambra economy’s dependence on government, shifting it toward a private-sector-led economy.
Why this Matters
- Anambra State, under Prof. Chukwuma Soludo, is characterised by shoddy capital projects, which are criticised as subpar and ill-suited to the state. One of the projects that attracted accolades and boosted the Soludo administration’s approval ratings is the Ikenga Shopping Mall.
- ANSIPPA served as the primary facilitator and project manager for the Ikenga Shopping Mall project, making a mark as an influential body in the state’s economy.
- ANSIPPA’s recount of Anambra’s investment footprints for the year reveals a slightly impressive performance in FDI and strategic partnerships. This marks a pivot from a commerce-driven economy to a more diversified one for the Southeastern state.
