Ohanaeze Ndigbo Worldwide has commended President Bola Ahmed Tinubu and members of the National Assembly for approving the Southeast Investment Company (SEIC), a subsidiary of the South East Development Commission (SEDC).
Tinubu approved the establishment of the Southeast Investment Company (SEIC) on July 18, 2025, with a projected capital base of over N150 billion to drive industrialization and unlock private sector growth in the region.
This approval was announced through a statement by the Presidency, and the President presented the Certificate of Incorporation to the South East Development Commission (SEDC) in a ceremony at the State House in Abuja.
The Ohanaeze noted that the investment vehicle asides driving regional industrialization, would also mobilize private capital, promote regional competitiveness, and enhance industrialization in the Southeast.
The President General of Ohanaeze Ndigbo Worldwide, Senator Azuta Mbata, praised Tinubu for this initiative in a statement signed by the National Publicity Secretary, Dr. Ezechi Chukwu, Ph.D, on Tuesday.
Mbata said the initiative would transform regional economic ventures to greater heights.
“I have no doubt that apart from its finance generation potentials, this laudable initiative would equally serve as a viable stimulant for sustainable economic ventures in the zone.”
He emphasized the importance of private sector involvement and urged for professionalism, transparency, and accountability to ensure the venture’s success.
ADVERTISEMENTS:
