Tinubu Approves Establishment of South East Investment Company
President Bola Ahmed Tinubu has approved the establishment of the South-East Investment Company (SEIC), a landmark federal initiative aimed at accelerating industrialisation and stimulating private sector-led growth across Nigeria’s South-East region.
The development was announced on Friday through an official statement from the Presidency, highlighting the President’s endorsement of SEIC as a strategic vehicle under the South East Development Commission (SEDC).
The company will be launched with a projected blended capital base of over N150 billion.
According to the statement, SEIC will function initially as a wholly owned subsidiary of the SEDC but is structured to evolve into a public-private partnership. The company is expected to attract investment from state governments in the region, private sector actors, development finance institutions, and the Nigerian diaspora.
“President Bola Ahmed Tinubu, GCFR, has granted executive approval for the establishment of the South-East Investment Company (SEIC), a dedicated investment vehicle under the South East Development Commission (SEDC) designed to mobilise private capital, unlock regional competitiveness, and fast-track industrialisation in the South-East,” the statement read in part.
The SEIC will oversee targeted investments in infrastructure, entrepreneurship, education, and other strategic sectors critical to the region’s development. Funding will be mobilised through a combination of hybrid bonds, equity participation, and callable capital structures. Pilot investment projects and fundraising activities are expected to begin by the fourth quarter of 2025.
At a brief ceremony at the State House in Abuja, President Tinubu presented the Certificate of Incorporation to the Commission. The event was attended by the Minister of Regional Development, Engr. Abubakar Momoh, Managing Director of the SEDC, Mr. Mark Okoye, and members of the Commission’s executive team.
Speaking at the event, Okoye described the SEIC as a turning point for regional economic planning and a model for future development initiatives.
“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,” Okoye said. “We are building an institution that will stand the test of time and serve as a bridge between government priorities and private sector efficiency.”
The SEIC is expected to play a pivotal role in addressing the region’s infrastructure deficit, supporting job creation, and fostering inclusive growth in line with the broader national development agenda.
With this approval, the Tinubu administration reaffirms its commitment to equitable regional development and economic diversification through targeted investment platforms.
