Nigeria's 36 states are currently suffering from a drop in revenue as a result of low oil prices which have affected federal government income, which has in turn drastically reduced their allocations. As a result, many states have had to look at other sources of generating income just to meet their running costs.
Speaking over the weekend, Governor Obiano said that the concise Economic Blueprint, made up of the four pillars of development including agriculture, industrialization, trade and commerce and oil and gas he developed on assumption of office have started yielding dividends. He stated that Anambra State is now a socially stable, business-friendly environment attracting both indigenes and foreigners to seek wealth-creating opportunities.
According to Governor Obiano, the Anambra State Investment Agency, charged with the mandate of attracting and fast-tracking investments, has so far attracted over $4.2bn deals to the state. He added that the latest investment was sealed on Tuesday last week with Zolt Energy to build a 40 megawatts Embedded Power Generating Plant in Ogbaru.
When completed in the next 18 months as scheduled, all the power generated from it will be distributed mainly in Anambra State. On the state of agriculture, Governor Obiano who was giving a score card of his two and half years stay in office disclosed that in January this year, Anambra made headlines when it became the first state in Nigeria to export vegetables ugu and onugbu valued at $5m to Europe.
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