Anambra Government Signs MOU with Seven Private Firms on Estate Development

By Praise Chinecherem

The Anambra State government on Tuesday signed a Memorandum of Understanding (MOU) with seven Real Estate Developers to assist in transforming the state capital to a smart mega city.

The Managing Director, State Investment Promotion and Protection Agency (ANSIPPA), Mark Okoye and Commissioner for Lands, Prof. Offornze Amucheazi signed the pact on behalf of government.

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 three-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 altogether 72 proposals; 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.

One of the estate developers, Rainbow Heritage Projects Services limited (RHPS), pledged its readiness to create reference point to infrastructure development in the state.

The Managing Director, Biedima Oliver said, “We appreciate housing challenge as a national issue. 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 three-year deadline, Commercial Director, Mrs. Prinye Ngelale 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.”