Tinubu approves establishment of South East Investment Company Limited

President Bola Tinubu has approved the establishment of the South East Investment Company Limited, the vice president Kashim Shettima has said.

Shettima made the disclosure while speaking at the launch of the Vision 2050 Blueprint for South East’s Economic Development in Enugu on Wednesday.

According to Shettima, the 25-year development blueprint for the South-East will help the region play its role as a central pillar of Nigeria’s economic future.

The vice president noted that the company has been designed to mobilise resources from the diaspora, capital markets, and development finance institutions for the region’s development.

“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,” Shettima said.

He also stated that the newly established company will work in collaboration with the South East Development Commission (SEDC) to address postwar infrastructure gaps and drive long-term regional competitiveness.

He 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.

“Let me be clear. This is not another layer of bureaucracy. It is a delivery institution, focused on tangible outcomes that translate into jobs, productivity, and growth,” he said.

Noting that the South East carries a unique historical burden, which makes deliberate regional planning both urgent and necessary, Shettima said the future of the region will be built both at home and abroad.

“To the young people of the South East and of Nigeria as a whole, let me speak plainly. You are not spectators in our national journey. You are central to it.

“Your energy, creativity, and ambition are essential to the Nigeria we are working to build. Development must not remain an abstract promise. It must be felt in the daily lives of our people,” he added.