The South East Development Commission (SEDC) has pledged to drive economic growth and infrastructure development in the region, with an ambitious goal of expanding its economy to $200 billion by 2035.
Speaking during his inaugural address, Managing Director and CEO Mark Okoye expressed gratitude to President Bola Tinubu and the 10th National Assembly for enabling the commission's establishment.
He emphasized SEDC's mandate to rebuild critical infrastructure damaged during the Nigerian Civil War and tackle pressing development challenges.
A statement from SEDC's media unit highlighted the region's urgent needs, citing World Bank estimates that Nigeria requires $100–$150 billion annually to bridge its infrastructure gap, with at least $10 billion needed for the South East alone.
Okoye outlined key regional challenges, including over 2,500 active erosion sites, high unemployment, and a tough investment climate.
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To address these, SEDC plans to collaborate with state governments, private investors, academia, and grassroots stakeholders.
The commission's priorities include security, investment climate improvement, technological innovation, agriculture, and industrialization.
To enhance transparency and public engagement, Okoye announced plans to launch an interactive website soon.
"We have a unique opportunity to transform the South East into an economic powerhouse," he stated, urging stakeholders to support the commission's vision.
