Tinubu Approves South-East Investment Company to Drive Regional Growth
President Bola Ahmed Tinubu has approved the South-East Investment Company (SEIC), a subsidiary of the South East Development Commission (SEDC), to drive industrialisation and attract private capital in Nigeria’s South-East. Announced on July 17, 2025, the SEIC aims to mobilise over ₦150 billion through hybrid bonds, equity participation, and callable capital structures, with pilot investments starting in Q4 2025.
The decision follows the SEDC’s 100-day performance report and a request for a dedicated investment vehicle. The SEIC, inspired by the Eastern Nigeria Development Corporation under Dr. Michael Okpara, will operate as a private-sector-led entity, initially owned by the SEDC but transitioning to a public-private partnership with South-East state governments, private investors, and diaspora contributors. It will focus on infrastructure, entrepreneurship, education, and skills development.
At a State House ceremony, Tinubu presented the SEIC’s Certificate of Incorporation to SEDC Managing Director Mark Okoye, joined by Minister of Regional Development Abubakar Momoh. Okoye stated: “The SEIC represents a bold step forward in regional development. It is more than a financial vehicle. It is a long-term strategy to unlock private capital, de-risk investment, and deliver sustainable economic growth for the South-East.” Tinubu emphasized tailored, investment-led development to uplift the South-East and strengthen national prosperity.
The SEIC’s governance includes independent fund managers, custodians, and auditors, ensuring compliance with global standards. A High-Level Advisory Committee has finalized its framework, validated by donors and development partners, to support transformative economic projects.
