Federal Government Launches Major Investment Vehicle to Boost South-East Economy.
In a strategic move designed to bolster economic development in the South-East geopolitical zone, President Bola Ahmed Tinubu has granted executive approval for the establishment of the South-East Investment Company (SEIC). This new investment vehicle, which will operate as a subsidiary of the South East Development Commission (SEDC), is projected to have a blended capital base of over N150 billion. The initiative is a clear signal of the Tinubu administration's commitment to inclusive economic growth across all regions of the country.
The SEIC is designed to mobilize private capital, de-risk investments, and drive long-term economic transformation in the South-East. It aims to achieve this by overseeing a range of targeted investment portfolios, including crucial sectors like infrastructure, entrepreneurship, education, and other strategic interventions. Initially wholly owned by the SEDC, the company is expected to transition into a public-private partnership (PPP), attracting investments from South-East state governments, private sector players, development finance institutions, and the diaspora.
This development is anticipated to address long-standing economic challenges in the region, particularly in industrialization and job creation. By providing a structured platform for investment, the government hopes to unlock the vast economic potential of the South-East, known for its entrepreneurial spirit and commercial prowess. Pilot investments and fundraising activities for the SEIC are projected to commence by the fourth quarter of 2025, setting the stage for tangible economic impact.
The approval of the SEIC reflects a broader national strategy to foster regional competitiveness and ensure equitable development. It also aligns with the Renewed Hope Agenda's focus on stimulating the economy through strategic partnerships and targeted interventions. The success of this initiative will be crucial in demonstrating the government's capacity to deliver on its promises of economic revitalization and social stability across all parts of Nigeria.
I'm Adedayo Obadina
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