ANAMBRA POLICE ACTION ON THE CULT CLASH THAT RESULTED IN THE FATAL INJURY OF FOUR PERSONS AT AFOR NAWFIA MARKET. (PHOTO). #PRESS RELEASE
President Bola Tinubu has granted executive approval for the establishment of the South-East Investment Company (SEIC) to drive private capital, accelerate industrialisation, and enhance competitiveness in the region.
The new investment vehicle is under the South-East Development Commission (SEDC) inaugurated earlier this year.
According to a statement by the presidency on Friday, the SEIC will function as a professionally governed, private-sector-led institution, operating independently of annual federal budget cycles.
The statement added that the SEIC will oversee a range of targeted investment portfolios, including infrastructure, entrepreneurship, education, and other strategic interventions.
Speaking on the significance of the initiative, Tinubu reiterated his administration’s resolve to support all regions with tailored, sustainable, and investment-led approaches to development.
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