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- The national government, led by President Tinubu, has approved the constitution of the South-East Investment Company (SEIC)
- SEIC is an concern conveyance nether the recently constituted South East Development Commission (SEDC), inaugurated earlier this year, aimed astatine driving determination industrialisation
- The Presidency confirmed this successful a connection released connected Friday via X that has stirred mixed reactions successful the polity
Legit.ng journalist Esther Odili has implicit 2 years of acquisition covering political parties and movements.
State House, Abuja - President Bola Ahmed Tinubu-led medication has approved the constitution of the South-East Investment Company (SEIC), a federally backed concern conveyance with a projected superior basal of N150 cardinal aimed astatine accelerating industrialisation and unlocking backstage assemblage maturation crossed Nigeria’s South-East region.
Source: Facebook
The presidency announced this successful a connection released connected its authoritative leafage connected X connected Friday, July 18.
According to the statement, the SEIC volition run arsenic a subsidiary of the South East Development Commission (SEDC) and is structured to mobilise backstage capital, thrust semipermanent economical transformation, and beforehand inclusive improvement successful the region.
“With a projected blended superior basal of implicit 150 billion, SEIC volition mobilise resources done hybrid bonds, equity participation, and callable superior structures,” the connection reads.“Pilot investments and structured fundraising activities are expected to commence successful Q4 2025, supported by beardown governance systems including autarkic money managers, custodians, and auditors.”
Source: Twitter
Nigerians respond arsenic Tinubu approves South-East concern vehicle
As usual, Nigerians person reacted to the development. Legit.ng compiled a fewer reactions from the remark conception connected X below;
@lemcy4sure tweeted:
"Mumu man."@Ozigees tweeted:
"It is present important to absorption connected the South East."@OlapadeOlamile8 tweeted:
"Kudos to President Tinubu for approving the South-East Investment Vehicle to catalyse determination industrialisation! This strategical determination volition undoubtedly boost economical growth, make jobs, and amended surviving standards successful the South-East by investing successful the region's potential."@izuchukwufranky tweeted:
"Nice one, overmuch needed."@OpeifaLukman tweeted:
"Is Mr. President our occupation successful this state oregon we Nigerians?"@wisdom_nwoke22 tweeted:
"Good moves , who volition present show those funds?"Read much astir Tinubu, southeast here:
- 2027 elections: Tinubu gets boost successful Southeast arsenic Group mobilises grassroots enactment successful Ebonyi
- "Landmark achievement": Reactions arsenic Tinubu signs Southeast Development Commission Bill into law
- "The president has tried": Deputy Speaker Kalu mentions large achievements of Igbos nether Tinubu
- Tinubu promises to implicit Eastern Rail enactment connecting Port Harcourt to Maiduguri
- Tinubu urged to make Anioma state
Umahi urges Southeast govs to enactment Tinubu
In a related development, Legit.ng reported that Dave Umahi, the curate of works, has pleaded with Governor Alex Otti of Abia state and the full southeast to, irrespective of enactment affiliation, basal with President Tinubu.
Umahi made this plea connected Thursday, June 19, during a sojourn to Otti successful his office, pursuing an inspection of ongoing national roadworthy projects successful the state; projects expected to beryllium inaugurated by the president aboriginal successful 2025.
The curate who appreciated the bully and long-standing narration betwixt Tinubu and Otti, noted that the president is doing galore projects successful the southeast region.
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Source: Legit.ng
