The Four Pillars

The projected population of Anambra State as at 2010 stood at 4,738,811. By now, the figure must have reasonably increased given the high rate of population explosion in third world countries.

Interestingly, 52.9% of the 2010 population projections were 18 years and below, making Anambra State a youth dominated State.

Anambra is currently one of the states of the federation with more urban cities such as Onitsha, Nnewi, Awka, Ihiala, Nkpor, Obosi, Awkuzu, Abagana and Ogidi. The fast urbanization process has invariably created densely populated cities and towns in the State.

Also, available population figures indicate that Anambra State is one of the most populated States in the South East geo-political zone. In terms of urbanization induced population, Anambra State comes next to Lagos State.

The state is richly endowed with immense national resources, which includes zinc, clay, limestone, salt, glass/sand, phosphate, gypsum, iron ore, kaolin, lead and lignite, which can be harnessed for local use and exportation.

The discovery of oil and gas in commercial quantities especially in the North Senatorial zone of the state has further created commercial and industrial opportunities for the state economy.

Anambra Wheel of Development which symbolizes the envisaged development strategy becomes the rallying point through which the vast potentials of the State resources shall be exploited.

The wheel is conceptually made up of three concentric rings with Economic Engine as the central hub, thus

  • Economic Engine
  • Enablers
  • Outcomes

The incoming administration will essentially focus on four sectors, here referred to as the Economic Engine, and shall structure our core developmental programmes around these sectors.

They include:

  • Agriculture
  • Industrilization
  • Trade and Commerce
  • Oil and Gas

Further more, they represent the most income generating sectors that would immensely benefit the State economy, as well as generate jobs now and in future.

Opportunities under these Sectors

Agriculture

With almost 100% arable land and the capacity to produce agricultural outputs enough to feed the entire nation, Anambra stands blessed as the hub of agriculture.

The state is reputed for producing the following quantities of agricultural outputs even without an extensive agricultural programme.

  • 147,000 metric tones of rice
  • 1,426,800 metric tones of yam
  • 1,016,800 metric tones of cassava.

In recognition of agriculture as part of a viable solution to the problems of unemployment and rural development, the incoming administration has devised strategies for youth involvement in agriculture through the following initiatives:

  • 1. Establish Agric. Training & Empowerment Centres with primary focus on Poultry and Fish Farming in the 3 Senatorial zones as flagship centres
  • 2. Significantly upgrade the Agric. Institute in Igbariam into an International University of Agriculture to carry out research like IITA
  • 3. Upgrade the existing food basin (Ayamelum, Anambra West, Anambra East and Ogbaru) focusing on flood-proof and short cycle produce like yam and maize and also introduce flood proof rice.
  • 4. Provision of basic infrastructure around the states' food basin e.g. An ambitious storage and irrigation facility to reduce post harvest losses and encourage all year cropping initiatives.
  • 5. Develop mechanised large scale farms for cassava, soy beans, maize, yam, etc (upland though near rivers) using the Shongai initiative in Awka north and Orumba north.
  • 6. Identify & develop agric clusters & cooperatives and position them for funding by financial institutions and facilitate the link between them and development organisations as well as access to markets.
  • 7. Mobilize and incentivise foreign and local private sector experts to cultivate for local consumption, processing and export of the following food crops-cassava, maize,vegetables,rice,yam etc.
  • 8. Encourage the development of agro allied MSME industries across the state.
  • 9. Construct via PPP with a reputable agro based institution to introduce modern farming techniques for improved yield in agro product output.
  • 10. Attract investors in poultry and aquaculture feeds production and for manufacture of veterinary drugs for the animal industry.

Industrialisation

Sustainable industrialisation initiative remains strategic to socioeconomic development of any nation. This is because it enhances economic growth, technological development and social harmony.

Industrialisation is critical in the management of modern economy because it engenders the actualisation of national economic potentials, enhances productivity and gross national product.

The incoming Chief Willie Obiano led administration bearing this in mind has devised specific strategies to tackle industrial growth, thereby creating employment opportunities for the youths of the state, by:

  • 1. Providing industrial parks (Nnewi, Onitsha) and MSME clusters in all the local Government areas in the state via the small industry cluster development programe (SICDP).
  • 2. Attracting at least four strategic large scale industries in the state. Eg. A global auto brand to site an assembly plant in the state
  • 3. Providing gas to industrial zones, MSME clusters, industrial parks leveraging on both the FG gas master plan as well as the abundance of oil and gas in the state.
  • 4. Creating access to ports to facilitate movement of people and goods (full operation of the Onitsha inland ports and an airstrip with cargo terminal).
  • 5. Creating synergies with MFI and MSME clusters in order to ensure benefits from the CBN N220bn SME funds at a low interest rate.

Trade and Commerce

Trade and Commerce, for decades, have been major factors in the economy of Anambra State.

Onitsha Main Market and Nnewi Auto Spare Parts Market remain major retail outlets in the West African sub-region. They continually play significant roles in commercial activities within this economic sphere.

Naturally, trade and commerce, given government strategic support, will augment benefical commercial activities in Anambra State, which would enhance its role as the commercial nerve center of the sub region.

The incoming administration will exploit the opportunities that abound in Trade and Commerce by developing and implementing strategies that will create employment opportunities for the youths of the state through:

  • 1. Creation of Anambra State Markets Agency (ASMA) to rehabilitate, construct and regulate all trade activities in all major markets across the State.
  • 2. Reinvention, modernization and exponentially expanding our markets by adopting a shopping mall approach (make Onitsha the Dubai of Africa when it comes to shopping experience)
  • 3. Construction of new and organized markets via PPP schemes in surrounding towns of Onitsha & Nnewi
  • 4. Creation of access to ports to facilitate movement of people and goods (full operation of the Onitsha inland ports and an airstrip with cargo terminal).
  • 5. Attracting investments via FDI & local investors, tax incentives, export drive, create free trade zones.

Oil and Gas

The oil and gas industry remains the most profitable sector in the country, with its derivatives being essential commodities consumed daily. The demand for petroleum products will therefore, remain high in the mearest future, despite agitation for alternatives renewable energy sources.

With the recent discovery of oil and gas in Anambra State, we have joined the league of oil producing States. No doubt, the exploration of Oil and Gas discovered in commercial quantity will attract foreign interests and improved investment climate to our state.

In order that our indigenes and communities shall benefit from the oil and gas exploration, the incoming administration will put in place, necessary parameters and strategies, which will bring about employment opportunities for our youths, through:

  • 1. Provision of infrastructure around production area to boost further investment and production output in the sector.
  • 2. Encouraging SME growth in the sector to take advantage of activities for the participation under NOGIC act 2010. (Nig. Oil and Gas Industry Content Development Act)
  • 3. Enlightening the inhabitants of the State on the level of cooperation required to make the exploration process seamless.
  • 4. Discouraging gas flaring and encourage investments in gas handling facilities to trap gas for use in power plants and industrial clusters