President Bola Ahmed Tinubu has approved the creation of the South-East Investment Company (SEIC); a new federally backed initiative designed to boost industrialization and private sector development across Nigeria’s South-East region. The company is projected to have a capital base of over N150 billion.
Announced on Friday by the Presidency, SEIC will function under the South East Development Commission (SEDC) and initially be fully owned by the commission. It is expected to evolve into a public-private partnership, with funding and participation from South-East state governments, private investors, development finance institutions, and the diaspora community.
The SEIC will mobilize private capital and implement strategic investments across infrastructure, entrepreneurship, education, and other key sectors. Funding will be raised through a mix of hybrid bonds, equity investments, and callable capital structures, with pilot projects and fundraising expected to begin by Q4 2025.
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At a formal presentation of the Certificate of Incorporation at the State House, President Tinubu was joined by Minister of Regional Development Engr. Abubakar Momoh, SEDC Managing Director Mark Okoye, and other commission executives.
Speaking at the event, Okoye described the SEIC as a “bold step forward” for the region, likening it to a modern version of the Eastern Nigeria Development Corporation (ENDC), which historically stimulated industrial growth under Premier Dr. Michael Okpara.
“This isn’t just a financial institution,” Okoye said. “It’s a long-term platform to attract private capital, reduce investment risks, and deliver sustainable development across the South-East.”
The presidency confirmed that SEIC will undergo all required regulatory and compliance procedures to meet international operational standards, with the goal of creating an enduring institution that bridges public and private interests for inclusive regional growth.
