By Uche Nnaji
The Federal Government has approved the establishment of the South-East Investment Company Limited to mobilise funds from the diaspora, capital markets, and development finance institutions.
Vice President Kashim Shettima, speaking in Enugu at the launch of the South-East Vision 2050 development blueprint, described the initiative as a move from short-term governance to structured, long-term regional planning.
The company will work alongside the South-East Development Commission to tackle infrastructure gaps, boost industrial growth, and enhance competitiveness in the region.
Shettima said the commission will focus on measurable results, including job creation, productivity, and inclusive development.
South-East governors, including Peter Mbah, Francis Nwifuru, Alex Otti, and Charles Soludo, expressed support for the plan, calling for unity, a common market, and transparent execution.
Development partners, including the UNDP, also pledged support, noting the blueprint’s potential to position the South-East as a leading economic hub in Nigeria.
