President Bola Ahmed Tinubu has approved the establishment of the South-East Investment Company (SEIC), a landmark initiative aimed at accelerating industrial development and economic transformation in Nigeria’s South-East region.

The SEIC, which will operate under the South East Development Commission (SEDC), is a specialised investment vehicle designed to harness private capital, enhance regional competitiveness, and implement long-term economic strategies independent of the federal budget cycle.

This move follows the submission of the SEDC’s 100-day performance report and a formal request for the creation of a dedicated subsidiary focused on securing sustainable financing and driving high-impact projects. Inspired by the legacy of the Eastern Nigeria Development Corporation (ENDC) under the visionary leadership of Dr. Michael Okpara, the SEIC aims to replicate and modernise that era of industrial prosperity.

Uniquely structured to be governed by an independent, private-sector-led board, the SEIC will prioritise innovation, regional strength, and public-private partnerships to unlock growth potential across the South-East.

At a brief handover ceremony held at the State House, President Tinubu officially presented the Certificate of Incorporation for SEIC to the SEDC leadership. In attendance were the Honourable Minister of Regional Development, Engr. Abubakar Momoh, the Managing Director/CEO of SEDC, Mr. Mark Okoye, and members of the Commission’s Executive Management Team.

This decisive step reaffirms President Tinubu’s commitment to inclusive development, regional equity, and a bold economic vision that uplifts all parts of the country. His leadership continues to inspire hope and action toward a stronger, more prosperous Nigeria.