The South East Development Commission (SEDC) has announced major steps to strengthen small and medium-scale enterprises (SMEs) and regional investment across the South East.
Briefing the Senate Committee on the South East Development Commission, led by Senator Orji Uzor Kalu, the Managing Director highlighted the completion of key policy frameworks, including the South East Industrialization and Venture Capital Programs — both designed to support SME growth, innovation, and job creation.
Read also,
Other initiatives include the South East Agro Development Program, Project Preparation Facility, and Grassroots Sports Program, all aimed at stimulating inclusive economic development.
The SEDC also confirmed the incorporation of the South East Investment Company (SEIC) to attract private capital and foreign partnerships. At the Afreximbank Intra-African Trade Fair in Algiers, the commission secured technical support for infrastructure projects that will open up new opportunities for local enterprises.
The Senate Committee commended the commission's progress and emphasized the need for efficient execution aligned with President Bola Ahmed Tinubu's Renewed Hope Agenda.
No comments:
Post a Comment