President Bola Tinubu has approved the establishment of the South-East Investment Company (SEIC), a N150 billion investment vehicle designed to fast-track industrialisation and unlock private capital for transformative projects in the South-East.
The new initiative will operate as a subsidiary under the South-East Development Commission (SEDC) and is expected to mobilise long-term financing for infrastructure, entrepreneurship, education, and skills development in the region.
“With a projected blended capital base of over N150 billion, SEIC will mobilise resources through hybrid bonds, equity participation, and callable capital structures,” the statement reads.
“Pilot investments and structured fundraising activities are expected to commence in Q4 2025, supported by strong governance systems including independent fund managers, custodians, and auditors.”
According to the presidency, the approval 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 SEIC is expected to run as a professionally governed entity, independent of annual government budgets, with a model rooted in private sector partnerships.
At a brief ceremony in Abuja, Tinubu presented the certificate of incorporation to the SEDC.
Present at the event were Abubakar Momoh, minister of regional development; Mark Okoye, SEDC CEO; and members of the Commission’s executive team.
Speaking at the event, Okoye described the SEIC as a strategic leap toward sustainable regional development.
“The SEIC represents a bold step forward in regional development,” Okoye said.
“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 Southeast.
Under the approved structure, the SEIC will begin as a wholly-owned SEDC subsidiary, with plans to transition into a Public-Private Partnership (PPP).
The future model will involve Southeastern state governments, diaspora investors, development finance institutions, and private firms
