Abuja, Nigeria – 18 July 2025 – In a significant boost to economic development in Nigeria’s South East region, President Bola Ahmed Tinubu has approved the establishment of the South East Investment Company (SEIC), a special purpose vehicle designed to attract substantial funding for transformative infrastructure projects.
The announcement was made via the official X account of the South East Development Commission (SEDC), which hailed the presidential endorsement as a “bold step” towards realising a $200 billion regional economy. According to the SEDC, SEIC will focus on mobilising long-term capital to support initiatives such as railways, ports, industrial parks, and gas pipelines.
Structured as a commercially driven entity, SEIC is set to collaborate closely with state governments, private investors, and development partners. This partnership approach aims to advance projects from initial concepts to fully bankable propositions, ensuring efficient execution and sustainable growth.
“We are proud to announce that His Excellency, President Bola Ahmed Tinubu, GCFR, has officially approved the establishment of the South East Investment Company (SEIC),” the SEDC stated in its post. “This bold step, endorsed by Mr. President, is a key pillar in our ambition to build a $200 billion regional economy and unlock new growth corridors across the region.”
The initiative comes amid ongoing efforts to address infrastructure deficits in the South East, a region that has long advocated for increased federal investment to spur industrialisation and connectivity. By leveraging private sector expertise and international partnerships, SEIC is expected to catalyse economic diversification and create employment opportunities.
Officials from the SEDC emphasised that the company’s commercial orientation will prioritise viability and returns, making it an attractive proposition for investors. While specific timelines for project rollouts remain undisclosed, the approval marks a pivotal moment in Nigeria’s push for regional equity and balanced national development.
