President Bola Tinubu has greenlit the establishment of the South-East Investment Company (SEIC), a specialized investment arm under the South East Development Commission (SEDC).
According to the President, SEIC aims to drive industrialization and unlock private sector growth in the South-East region by mobilizing private capital and boosting regional competitiveness.
The company will have a projected capital base of over N150 billion and will operate through distinct investment portfolios targeting infrastructure, entrepreneurship development, and other strategic initiatives.
Initially wholly owned by SEDC, SEIC is expected to transition into a public-private partnership model, incorporating investments from state governments, private sector players, and development finance institutions.
This initiative aligns with the Renewed Hope Agenda, focusing on equitable development and regional economic inclusion.
Pilot investments and fundraising activities are set to commence by the fourth quarter of 2025.
