Anambra attracts $ 4.8 billion, as Obiano performs ground breaking of estate

Over $ 4.8 billion has been attracted by Anambra state government through the signing of Memorandum of Understanding from different companies in the country.

Anambra State government, Chief Willie Obiano disclosed this during a ground breaking ceremony of Eagles Hill Estate, Awka.

The estate situated at Ezinano, Awka would be done in collaboration with Anambra government and Topwide Ventures Limited.

Governor Obiano said the $ 4.8 billion would bring to the total amount of fund attracted from the total number of 27 companies that had signed Memorandum of Understanding with the state government.

Governor Obiano said the project would cost N 1.4 billion  and when completed would add to the number of accommodating capacity of 120,000 unit of houses, signed from 8 housing companies in the state.

The Governor said the project would create over 2000 direct and indirect Jobs respectively.

He maintained that the N 20 million choose – your- projects community initiative would in addition to other benefits cushion the effects of the present economic crunch.

The governor while commending the Chief Executive officer of Topwide company, Senator Annie Okonkwo said the state was ready to partner with any investor and to provide enabling environment for businesses to strive.

He however urged the people to support and coorporate  with the contractor to ensure effective service delivery.

The Chairman Anambra State Promotion and Protection Agency, ANSIPPA and the Traditional ruler of Umuoji, Igwe Cyril Enwezor , said the estate would accommodate 98 units of 4 bedroom duplexes, 42 units of 5 bedroom duplexes and 50 service high rise apartment.

Igwe Enwezor noted the estate would have one chopping complex, one office, a police post, hospital, school among other things.

Igwe Enwezor disclosed that the estate occupying four hecters of land would be completed within the time lag of 18 months on the outside.

He opined that the investor would equally provide and develop all other related infrastructure such as road network, electricity, water supply and other logistics needed for the estate.

The ANSIPPA boss, revealed that the equity contribution would be 90% for the investor and 10% for Anambra State. While the profit sharing formula would be 85% for the investor and 10% for the state, as well as 5% to the community for cooperative social responsibility.

He said the estate at completion would provide urban development and mobilization, employment of over 75% jobs for Anambra, increase the capacity of the state internally generated revenue, as well as enhance economic activities.

In his address, the Chief Executive Officer of TOPWIDE Company Limited, Senator Annie Okonkwo x-rayed that the governor among security and other meaningful development, had united all Anambra people across board.

Senator Okonkwo noted that the present administration had initiated a giant blueprints which no other past government had provided, adding that with his administrative drive, the state would soon become a destination for tourism, and end the issue of youth unemployment.

He called on Anambra people to support Governor Obiano to ensure meaningful development.

The Commissioner for Housing and Urban Renewal, Mr Frank Offor disclosed that housing development had been the cardinal point of Governor Obiano administration, saying he had attracted many investors, through the arrest of crime and criminality.

The highlight was the ground breaking ceremony performed by Governor Willie Obiano.