Obi Urges Indigenes To Invest In State’s Dev

The Governor of Anambra, Mr Peter Obi, last Sunday urged the people of Anambra living in Lagos to invest in the development of the state.

Obi gave this advice in Lagos during his interactive session with Anambra industrialists and professionals.

He said that opportunity now existed for them to do so through buying shares in the AMBRA Investicorp Trust Ltd being promoted as a development fund for all Anambra people.

Obi said that the government could not develop the state without the full support and participation of the private sector.

“It is time for Anambra people to come together irrespective of partisan politics to join hands with the government to develop the state.

“On our part as government we have continued to address the public sector  

priority areas of physical and social infrastructure.”

“The government also is giving maximum support to the relevant agencies of the Federal Government in reducing and containing criminal activities especially kidnapping in the state,” he said.

The Governor said that the government would provide the enabling environment to ensure that the Organised Private Sector including individual business men lead in the massive, planned and sustainable development efforts in the state.

The Governor said that the government was disposed to giving land free to any industrialist wishing to set up factory in the state.

He said the government would also assist in providing infrastructure as well as support to source for fund from Bank of  Industry (BOI)  and other donor agencies.

Dr Ndi Onuekwusi, the Managing Director, AMBRA Investicorp Trust Ltd, said that its target was to raise N10 billion and N1 trillion in one and five years respectively.

He said this would be done through private placement, adding that the long term plan was to make Anambra the second biggest economy in Nigeria by 2030.

Onuekwusi said the company was aimed at developing big profitable companies in all sector, create employment, develop high quality human capital and support social sector activities especially education.

He urged all Anambra people to buy shares and take active interest in AMBRA, adding that it would be a catalyst for development of numerous other small, medium and big businesses in the state.

The first offer for private placement of 4.9 billion ordinary shares of 50k each at N2 per share for AMBRA Investicorp Trust Ltd opened on March 18, 2009 and closed May 20, 2009.