President Bola Ahmed Tinubu has granted executive approval for the creation of the South-East Investment Company (SEIC), a transformative initiative aimed at unlocking economic potential and accelerating industrial development across Nigeria's South-East region.
Announced Friday via the Presidency's official social media handle, the SEIC will operate under the South East Development Commission (SEDC) with an initial blended capital base of over ₦150 billion. The federally backed investment company is set to become one of the most ambitious regional economic strategies in recent years.
Structured to mobilize private capital and foster long-term growth, SEIC will oversee strategic investments in infrastructure, education, entrepreneurship, and other vital sectors. Initially government-run, the company will eventually adopt a Public-Private Partnership (PPP) model involving South-East states, private investors, and diaspora stakeholders.
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To ensure sustainable financing, SEIC will utilize hybrid bonds, equity, and callable capital. The first round of fundraising and pilot investments is expected to begin in Q4 2025.
The initiative aligns with Tinubu's national development vision focused on decentralization and inclusive growth. Analysts view SEIC as a strategic move to address economic disparities and harness the entrepreneurial energy of the South-East, potentially serving as a model for regional investment efforts nationwide.
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