Ohanaeze Ndigbo Worldwide has lauded President Bola Ahmed Tinubu and members of the National Assembly for facilitating the approval of the South East Investment Company (SEIC), a landmark initiative expected to transform the economic landscape of the region.
The SEIC, a subsidiary of the recently constituted South East Development Commission (SEDC), is designed to drive regional industrialisation, mobilise private capital, promote regional competitiveness, and enhance industrial growth across the South East.
In his reaction, the President General of Ohanaeze Ndigbo Worldwide, Senator Azuta Mbata, praised the President for what he described as a forward‑thinking step toward economic empowerment in the region.
“I have no doubt that apart from its finance generation potentials, this laudable initiative would equally serve as a viable stimulant for sustainable economic ventures in the zone,” Mbata said.
According to a statement signed by the National Publicity Secretary of Ohanaeze Ndigbo, Ezechi Chukwu, Ph.D, Mbata further highlighted the importance of private sector participation in the success of SEIC, calling for the highest standards of management.
“The private sector import of the company would be of value addition to this undertaking,” he noted, “while urging for professionalism, transparency and accountability as key to the general success of the venture.”
Chukwu reaffirmed the group’s commitment to supporting initiatives that foster development and prosperity in the South East.