Anambra State Development and Investment Corporation (ADIC)

Our mandate

About Anambra State Development and Investment Corporation (ADIC)

Anambra State Development and Investment Corporation (ADIC), registration number 8376261, is mandated to mobilise capital, develop strategic projects, and catalyse the sustainable economic transformation of Anambra State and beyond.

The Corporation operates as a hybrid Development Institution and Investment Corporation, combining the development orientation of a Development Finance Institution with the commercial discipline of a professionally managed investment company.

Rather than financing projects solely from its own balance sheet, ADIC deploys its capital to de-risk investments, improve project bankability, and crowd in domestic and international private capital through co-investments, public-private partnerships, and blended finance structures.

While the State Government serves as the founding and promoting shareholder, ADIC is designed to operate as a commercially driven institution with a broad and diversified ownership structure, with the majority of its equity ultimately held by private-sector investors, Development Finance Institutions (DFIs), institutional investors, and other strategic partners.

Mission

To originate, structure, de-risk and finance viable infrastructure and economic development projects in Anambra State and beyond, delivering competitive risk-adjusted returns to shareholders alongside measurable economic, social and environmental impact.

Vision

To be Africa's leading sub-national development and investment corporation, serving as the trusted platform for mobilising private and institutional capital to drive sustainable economic growth, infrastructure development and shared prosperity.

What we do

Strategic Objectives

Capital Mobilisation

Mobilising domestic and international capital to support strategic projects and sustainable economic development.

Investment & Portfolio Growth

Developing and managing investments that deliver competitive risk-adjusted returns and long-term economic value.

Infrastructure & Economic Development

Developing and financing viable infrastructure and productive-sector projects that support economic growth and job creation.

Asset Optimisation

Optimising strategic assets to improve their value, performance and contribution to sustainable development.

All strategic objectives

Leadership

Who runs Anambra State Development and Investment Corporation (ADIC)

MD / CEO

Nwabunwanne Okonkwo

Nwabunwanne Okonkwo is a finance and investment professional, corporate finance lawyer and development-focused executive with over 16 years of experience spanning investment banking, capital markets, structured finance, project finance, corporate finance and strategic advisory. He is the Pioneer Chief Executive Officer of ADIC, where he leads the Corporation as a commercially driven investment and development institution for Anambra State. His experience includes debt and equity capital raising, project finance, structured finance, corporate finance, mergers and acquisitions, capital markets transactions and financial advisory. He has been involved with transactions that collectively mobilised over US$1 billion in capital for governments and corporate organisations across Africa.

Gallery