Abuja, July 18, 2025 – President Bola Ahmed Tinubu has granted executive approval for the establishment of the South-East Investment Company (SEIC) with a capital base of N150 billion.
The Presidency announced this in a statement on Friday through the official handle of the Presidency of the Federal Republic of Nigeria.
It said the approval of the company followed the submission of the SEDC’s 100-day performance report and a formal request to establish a company focused on regional competitiveness and inclusive economic growth.
The company will operate as a subsidiary of the South East Development Commission (SEDC) and serve as investment vehicle to fast-track industrialisation and unlock private capital for transformative projects in the area.
The presidency said the company would be structured to mobilise private capital, drive long-term economic transformation, and promote inclusive development in the region
The company is expected to run as a professionally governed entity, independent of annual government budgets, with a model rooted in private sector partnerships.
President Bola Tinubu has presented the certificate of incorporation to the SEDC at a brief ceremony in Abuja.
Present at the event were Abubakar Momoh, the Minister of Regional Development; Mark Okoye, the Chief Executive of SEDC with other management members of the Commission.
’s executive team.
Okoye described the SEIC as a strategic leap toward sustainable regional development.
“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.
“We are building an institution that will stand the test of time and serve as a bridge between government priorities and private sector efficiency,” he said
