Vice President Kashim Shettima says President Bola Tinubu has approved the establishment of the South East Investment Company Limited to mobilise resources for the region’s development.
The vice president disclosed this on Wednesday while launching a 25-year development blueprint at the South-East Vision 2050 Regional Stakeholders’ Forum in Enugu.
He said the gathering marked a shift from short-term governance to deliberate long-term planning for the South-East’s economic future.
“This forum reflects foresight, responsibility, and a shared understanding that the future is not something we wait for, but something we must deliberately design,” VP Shettima said.
“In recognition of the distinctive character of the South-East, its entrepreneurial spirit, its global diaspora, and its long-standing relationship with international capital, President Bola Ahmed Tinubu approved the establishment of the South East Investment Company Limited.”
According to him, the company will work with the South-East Development Commission to close postwar infrastructure gaps and boost competitiveness.
“Let me be clear. This is not another layer of bureaucracy. It is a delivery institution,” Shettima said.
He told young people that development must produce real impact, saying, “You are not spectators… Development must not remain an abstract promise.”
Shettima praised the inclusive nature of the forum, which brought together federal and state governments, traditional institutions, the private sector, civil society, and development partners.
He also reaffirmed that the SEDC was conceived to focus on structural transformation rather than routine administrative activity, insisting that Nigeria is strongest when its regions thrive.
