President Bola Ahmed Tinubu has approved the establishment of the South-East Investment Company (SEIC).
SEIC is seen as a strategic move aimed at accelerating economic growth and industrialisation across Nigeria’s South-East region.
It is to act as an investment arm under the South East Development Commission (SEDC).
SEIC is designed to mobilise private capital, strengthen regional competitiveness, and support transformative projects in infrastructure, entrepreneurship, and education.
The initiative is a key part of the President’s Renewed Hope Agenda, and follows the submission of the SEDC’s 100-day performance report and proposal for a dedicated, finance-focused vehicle to drive sustainable development.
According to the approved plan, SEIC will initially operate as a government owned company before evolving into a Public Private Partnership (PPP) involving South-East state governments, the private sector, diaspora investors, and development finance institutions.
With a projected blended capital base of over ₦150 billion, SEIC will focus on:
Strategic infrastructure development
Entrepreneurship support Special interventions in skills, education, and innovation.
Speaking at the official presentation of the Certificate of Incorporation at the State House, SEDC Managing Director/CEO Mr. Mark Okoye described the SEIC as a “bold step forward” in regional development.
“We are building an institution that will stand the test of time and serve as a bridge between government priorities and private sector efficiency,” he said.
Pilot projects under the SEIC are expected to begin in Q4 2025, supported by strong governance systems involving top-tier fund managers, auditors, and regulatory oversight.
Tinubu reiterated his administration’s commitment to supporting all regions through well-designed, investment led approaches that drive real impact.
The SEDC will work with relevant agencies to complete necessary regulatory and operational processes in line with global standards.
The SEIC aims to become a model for how regional development can be achieved through effective public private collaboration, sustainable finance, and inclusive growth.
