The sector has contributed enormously to the growth and development of the State. The study observes that the private sector has been the backbone of Anambra State economy over the years. The prominent indigenous pharmaceutical company, Juhel Nigeria Limited, is adopted as a case study. Having this in view, this study delves into an explication of the role of the private sector towards the development of Anambra State economy. Unfortunately, many Nigerian scholars have not deemed it necessary to conduct an inquiry into the nature, role and prospects of the indigenous private sector in the country’s economy. Events have shown that any economy that eschews the development of the private sector may be left behind in the global political economic race. The present trend of globalisation, which among other things, encourage wider free trade agreements (FTAs), trade liberalisation, deregulation and privatisation calls for further formulation of government policies and programmes which encourage the growth and development of the private sector in the economy.