Anambra State Government Holds Maiden Investment Summit, Signs MoUs with Thirteen Organizations
The Government of Anambra State hosted the world at its maiden Investment Summit.
The Summit which was held at Anambra International Convention Centre, Awka witnessed the signing of Memorandum of Understanding, MoUs between the state government and thirteen organisations.

The organisations include, Universal Elysium Ltd for the development of Onitsha River Port, Birsa Water Ltd and Neni Development Union for the development of Neni Water Scheme, OMAA Global Engineering and Tech for the development of AUU Automative Industrial Park and Nko Farms Ltd for the development of Nko Agro Park.
Other MoUs were signed with GVE Projects Ltd for the development of Green Village Electrification, Sundry Markets Ltd for the development of Awka Shopping mall, CPCs Transcommunication Ltd for delivery of master plan for Anambra Intra-City Rail, connecting Awka, Ekwulọbịa, Nnewi and Onitsha, Mahendra Consulting Engineering Ltd for Ikenga Mixed-Use Industrial City and Afrexim Bank.


For the development of Anambra Pharmaceutical Hub at Ogboji, the government signed MOUs with Nimet Pharmaceuticals, Dozzy Group, Green Life Pharmaceuticals and Association of Industrial Pharmacists of Nigeria.
Speaking at the occasion, Governor Chukwuma Charles Soludo pointed out that Anambra State is open for business and is eager to attract investors from all over the world.
He highlighted the state’s many advantages, including its strategic location, large population, and young and educated workforce, revealing that Anambra State is on the move and the journey is on course with an economic size of 20 billion dollars.
He said that it was important that the world knows that Anambra state has the highest population density per square kilometer after Lagos.


“We have boundaries with Kogi, Delta, Enugu, Abia, and Imo states; have the largest market in West Africa and have fifteen major higher education institutions.
“Anambra is ranked first out of the seventeen states in Southern Nigeria on ease of doing business and seventh out of 36 states in the country.
“Security, law and order is improving. We are addressing our infrastructural deficiencies. We have signed an MOU to address power. We have gas pipelines being planted to enhance Anambra’s electricity market. Our rail feasibility study and master plan is on course.
“We are installing a 2000-kilometer fiber optic duct to give people access to cheap internet. We are breaking the decade-old jinx about the availability of rural and pipe-borne water schemes. We are building industrial parks and cities, export emporium, and agricultural regeneration projects, and others” the Governor said.
He reeled out other efforts of his government to transform the state economy, such as turning importers into producers and exporters, the sports economy, leisure, entertainment, the Solution Fun City and Entertainment Leisure City, among others.
“We are intentional and deliberate about the sports economy, leisure, and entertainment in Anambra. At the next summit, we will take you around the Solution Fun City and Entertainment Leisure City.
“Our goal is to turn Anambra from a departure lounge to a destination. In a few years, any visitor who has not been to Anambra has not been to Nigeria.
“We are prioritizing our human capital. Our greatest resource is human capital. In Anambra State today, a Certificate of Occupancy can now be obtained within 3-5 days.
“Our biggest existential threat is the environment. We are planning towards a green, clean, and sustainable environment and having organized markets.
“We are the world’s capital of gully erosion and we are putting in a few billions to fix that. We have come with a comprehensive agenda and laws for the environment and we are waiting for the State House of Assembly to rescue our environment,” the Governor noted.

The Governor made it clear to potential investors that Anambra State is firing on all cylinders and that the summit is unlike any other.
“It is different because it is not about talking, but symbolically signing some deals in a few minutes’ time.
“We have acquired 106 hectares of land in Ukpo Ukwulu, to create an export free trade zone. We are encouraging the emergence of MSMEs in the state, from project development to execution. We are investing in project development, taking it to the point of bankability.
“We have also acquired 7000 hectares of land, which will be developed into a complete industrial city. A master plan for it is being developed.
“A pharmaceutical industrial hub and an automotive industrial park are also on the way. We are forging productive partnerships with investors, financial institutions, and the federal government.
“We will have ANSIPPA enlarge its scope and to establish a financial arm, if necessary, to help propel our aim; if we are not getting the kind of partnerships we are expecting.
“The EEDC Metering company in Oraifite is ready for commissioning. We have a long list of industries to commission, so long as they are made in Anambra,” Soludo said.
The Governor noted that out of dozens of MOUs to be signed, he has symbolically chosen a few.
“We are deliberately creating a land bank for industrialization and investment. We will provide gas and power there.
“We will do everything to encourage our investors to help their businesses prosper and to de-risk their investments in Anambra,” he stressed.
Governor Soludo further appreciated his predecessor, who conceptualized and built the international convention center and assured that he will complete the airport which his predecessor started.
“Though I have not discussed it with him, we will rename this magnificent edifice to be the Willie Obiano International Convention Centre if he accepts.
“And we will celebrate several of our prominent ndi Anambra who deserve it. We will be deliberate in celebrating our best. We will honor those who invest in Anambra to create jobs. The young ones will see that hard work, enterprise, and those who make contributions to society are rewarded. If you are about that, I will be your chief marketer,” the Governor remarked.
In a keynote address, Dr. Benedict Oramah, the President of the African Export-Import Bank, who was represented by its Executive Vice President, Kanayo Awani commended the Governor for setting the stage for this transformational journey.
According to him, the vision of a smart megacity is not just about infrastructure, but also about creating an ecosystem that uplifts and fosters prosperity using financial and non-financial capacities.
“Our bank has identified the emergence of industrial parks and free trade economic zones because they will provide employment and drive economic scale. We are ready to support Anambra as we are doing in Ogun and Abia states. Peace and security is gradually returning to the state,” he stated.
The summit which was attended by a wide range of potential investors as well as representatives from the government, the private sector, and civil society had participants discuss the opportunities for investment in Anambra State and the challenges that needs to be addressed.
Deputy Governor of Anambra State, Dr Onyekachukwu Ibezim, Speaker of the State House of Assembly, Rt. Hon. Somtochukwu Udeze, members of the diplomatic corps, captains of industry, the Resident Coordinator of United Nations in Nigeria, Mr. Mathias Schmale, World Bank Country Director, Shubham Chaudhuri, Chinese Ambassador to Nigeria, Mr. CUI Jianchun, Minister of Women Affairs, Barr. Uju Kennedy Ohanenye, Chairperson, Manufacturing Association of Nigeria, Anambra, Enugu and Ebonyi Chapter, Lady Ada Chukwudozie, Members of Anambra Executive Council, Transition Committee Chairmen, Traditional Rulers, among others, attended the summit.
It had the theme; “Laying the Foundation for a Prosperous and Smart Mega City.”
Politics
NBA Cautions Lawyers Against Involvement in Political Party Disputes
The association cited Section 83 of the Electoral Act, which it said restricts courts from entertaining suits relating to the internal affairs of political parties, warning that such actions could undermine Nigeria’s democratic process ahead of the 2027 general elections.
Photo: NBA President, Afam Osigwe (SAN) | Credit: NBA (X).
The President of Nigerian Bar Association (NBA), Afam Osigwe (SAN) on Friday cautioned lawyers and courts against involvement in the internal affairs of political parties.
The association cited Section 83 of the Electoral Act, which it said restricts courts from entertaining suits relating to the internal affairs of political parties, warning that such actions could undermine Nigeria’s democratic process ahead of the 2027 general elections.
Osigwe, in a statement said that the NBA had observed a growing trend of litigation aimed at drawing courts into intra-party disputes, despite clear statutory provisions limiting judicial intervention in such matters.
Osigwe emphasised that the recent political and legal developments arising from the interpretation of the Electoral Act 2022 raise serious constitutional and rule-of-law concerns.
Osigwe further noted that the law also prohibits courts from granting interim or interlocutory injunctions in such disputes.
The statement read in part, “Where any action is brought in negation of this provision, no interim or interlocutory injunction shall be entertained by the Court, but the Court shall suspend its ruling and deliver it at the stage of final judgment and shall give accelerated hearing to the matter.”
The NBA expressed concern that, contrary to these provisions, courts have continued to entertain such cases, sometimes issuing orders that affect party leadership contests and internal governance structures.
It also accused some lawyers of filing suits aimed at securing judicial intervention in political disputes through forum shopping and what it described as “mala fide applications” to obtain favourable orders.“
This emerging trend of subverting the clear letters of the Electoral Act and dragging courts into the internal affairs of political parties through disingenuous litigation, forum shopping, and mala fide applications designed to secure undemocratic political advantage does no good for our democracy,” the association said.
The NBA warned that continued judicial involvement in such matters could turn court processes into instruments of political manipulation.
It stressed that the relevant provisions of the Electoral Act were designed to prevent abuse of court processes and preserve the integrity of internal party democracy.
The association also reminded legal practitioners of their professional responsibilities, stating that lawyers must not act as political agents in pursuit of partisan outcomes.“The filing of actions intended to draw courts into internal political party disputes, particularly where jurisdiction is expressly excluded, constitutes an abuse of court process and a violation of professional responsibility,” it said.
The NBA warned that it would initiate disciplinary action against any lawyer found to have violated these provisions.
Politics
2027: Bode George warns INEC, Judiciary Drifting Nigeria Towards ” One Party Rule”
” They are ready to destroy all democratic fundamentals, tenets and ethos to have their way, ” said Chief George , urging all leaders and elders, regardless of party affiliations, to rise and condemn what is happening,
“You want to be the only presidential candidate in 2027, in a multi-cultural, multi-religious and multi-ethnic country like Nigeria in the 21st Century. How is that possible? We must encourage a multi-party democracy. That is the spinal cord of participatory democracy.’’
That’s Chief Olabode George, an elder statesman and the former Deputy National Chairman of the Peoples Democratic Party (PDP), while reflecting on the current happenings in the country ‘s government and politics space.
Chief George, who stated this in a statement issued by him on Thursday, said that actions and utterances coming from APC and INEC in recent weeks showed that they don’t want any other presidential candidate to emerge in 2027 aside from President Bola Tinubu of the APC
“They are ready to destroy all democratic fundamentals, tenets and ethos to have their way, ” said Chief George , urging all leaders and elders, regardless of party affiliations, to rise and condemn what is happening, emphasising, “You don’t appease evil. You deal with evil.”
The elder statesman said that the Chairman of INEC, Prof. Joash Amupitan, was a pitiable sight when he appeared on a television programme to defend the actions of the Electoral umpire in using technicalities to sack Excos of political parties.
“Enough is enough. This nation must not sink. At 80 years, what am I looking for? I was in Form 4 in secondary school when the Western Region crisis started in 1962. I don’t think some of those causing a crisis in the polity today were born then. Military or civilian, I have seen it all. We must not allow this country to go down,” he said.
We are firing the warning shot now. Nigeria is too big to be manipulated by a greedy and selfish few
Chief George said that he chose to sound a note of warning because Nigeria is too big to be manipulated.
“We are firing the warning shot now. Nigeria is too big to be manipulated by a greedy and selfish few. Look at insecurity. This country is gradually collapsing. I don’t want to hear anything like external factors or elements.
Those killing and kidnapping Nigerians all over the place are in this country. Instead of the president, as the Commander-in-Chief, to deal with these bloodthirsty maniacs, he is busy using INEC to destroy opposition parties.”
He appealed to Nigerians not to allow such a thing to happen, saying, “It is unfortunate that the electoral body has become an undertaker, mandated by the ruling party to destroy this democracy.
“Unfortunately, our judiciary is also drifting. I remember the glorious years of Justices Elias, Kayode Eso, Oputa, Belgore, Uwais, and others. Today, the rot in the judiciary is appalling.
“Any evil is a reflection of injustice. There is evil in the country today. Clearly, injustice can never overcome justice. When you deliver good judgments, justice is done. When you use technicalities to deliver wrong judgments, it is injustice,” he said.
Business
DR Congo Central Bank Announces Ban on Foreign Currency Cash Transactions from 2027
The Central Bank of the Democratic Republic of Congo (BCC) has announced plans to prohibit cash transactions in foreign currencies, including the US dollar, starting April 9, 2027, in a fresh attempt to promote the use of the local Congolese franc (CDF) and reduce dollarisation in the economy.
In a statement issued on Thursday, April 9, 2026, the BCC declared that from the effective date, “no person will be authorised to carry out cash transactions in foreign currencies,” and commercial banks will no longer be allowed to import or distribute physical foreign banknotes.
Under the new measure, payments in dollars, euros or other foreign currencies will still be permitted, but only through electronic means such as bank transfers, cards, or mobile money platforms. Cash dealings must be conducted exclusively in Congolese francs.
The BCC’s move aims to strengthen the national currency, enhance monetary sovereignty, and curb the widespread use of the US dollar, which dominates many business transactions in the country despite official policies favouring the CDF.
The Congolese economy has long been heavily dollarised, with foreign currency widely accepted even in everyday dealings.
This is not the first attempt by the BCC to limit dollar use. Previous efforts to ban or restrict foreign currency have largely failed to take full effect, as the dollar remains deeply entrenched in commerce, mining, and daily life across the vast Central African nation.
The announcement comes amid broader initiatives by the central bank, including interventions in the foreign exchange market and efforts to build gold reserves, to support the Congolese franc and reduce reliance on the US dollar.
Analysts and businesses are watching closely to see how the policy will be enforced, given past challenges in implementing similar restrictions in a country where cash remains king and banking penetration is relatively low.
The BCC has urged the public and financial institutions to prepare for the transition and to rely increasingly on formal banking and electronic payment systems.
Further details on implementation guidelines and penalties for non-compliance are expected in the coming months. The public is advised to monitor official communications from the Banque Centrale du Congo for updates.
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