Anambra State government on Tuesday signed a Memorandum of Understanding (MOU) with seven Real Estate Developers to assist Governor Chukwuma Soludo-led administration in its vision of transforming the state capital to a smart mega city.
The pact was signed by the Managing Director, State Investment Promotion and Protection Agency (ANSIPPA), Mark Okoye and Commissioner for Lands, Prof. Offornze Amucheazi on behalf of the government.
Speaking during the ceremony, ANSIPPA MD, Okoye said the pact was in line with the Governor Soludo’s vision of building a smart mega city and transforming investment and economic landscape for the state.
He said the firms were selected after rigorous screening of several companies, charging them to ensure quality and timely delivery, with clear precision and accuracy.
“The Governor’s brief to us is to reach out, engage and work with to private sector to attract investment for the state. For the last four month, we’ve sat over 60 real estate proposals with detailed analysis.
“The Governor who is passionate about quality products with an agenda for deadline, insisted on 3-year deadline as long as the firms are competent to deliver quality jobs,” he said.
On his part, Commissioner for Lands, Prof. Offornze Amucheazi expressed excitement over the caliber of firms chosen for the project, assuring government’s continued support.
“We had 72 proposals, (with 30 outstanding), but after going through the hug, seven of you were successful. The place you’re developing is unique and we’re expecting nothing less considering your pedigree.
“The ANSIPPA MD and I are coming from the private and we’re working for a government where things are done entirely differently. We’ll continue to monitor the project until completion as we look forward for a harmonious relationship,” he added.
Responding, Group Managing Director, Rainbow Heritage Projects Services, Biedima Oliver pledged his firm’s readiness to create reference point to infrastructure development in the state.
He said, “The housing challenge is a national issue, ways people have been displaced despite government interventions. We’ve identified Anambra as a critical state for such intervention.
“As real estate developers, we plan to change the state landscape and to find solutions to erosion menace and other development issues in the state.
“We’re going to be working on 110 hectares of 1000 units, focusing on medium and high income earners for now. We intend creating a functional estate that provides certain level of ambience, entertainment and tourism for people to feel at home.
“We’ll ensure people don’t break the bank to pay for the facilities. Our strategy is to strike a balance between the middle, high and low with strong commercial backbone.
Reacting to the 3-year deadline, Biedima assured of timeline delivery, saying, “We know the peculiarities of our times, but we’ve drawn our strategies for the three years. One good thing is that we’re coming from terrain where we develop swampy areas.