President Bola Ahmed Tinubu has approved the establishment of the South-East Investment Company (SEIC) with a projected capital base of N150 billion.
This initiative is a federally backed investment vehicle under the newly formed South East Development Commission (SEDC), aimed at accelerating industrialization and unlocking private sector growth across Nigeria’s South-East region.
The SEIC is designed to mobilize private capital, enhance regional competitiveness, and fast-track industrialization.
While initially wholly owned by the SEDC, it is expected to transition into a public-private partnership (PPP), incorporating investments from South-East state governments, private sector players, development finance institutions, and the diaspora.
The company will oversee various targeted investment portfolios, including infrastructure, entrepreneurship, education, and other strategic interventions. Funding will be mobilized through a mix of hybrid bonds, equity participation, and callable capital structures.
Pilot investments and structured fundraising activities are expected to commence in Q4 2025.
This approval is seen as a significant step towards addressing long-standing economic disparities in the South-East and aligning regional strengths with national development priorities.
The Presidency emphasized that the SEIC will operate as a professionally governed, private-sector-led institution, independent of annual federal budget cycles, and will undergo all necessary regulatory and compliance processes to ensure full operational readiness in line with global standards.
