South-East Investment Company Gets Tinubu Nod for N150 Billion Drive

July 18, 2025

By Ayinde Adeleke

Nigeria’s President Bola Ahmed Tinubu has given approval for setting up the South-East Investment Company (SEIC), an investment vehicle backed by the federal government. SEIC is projected to have a capital base of N150 billion to boost industrial growth and spur private sector development in Nigeria’s South-East region.

The news broke via a statement on the Presidency’s official handle on Friday.

SEIC will function under the South East Development Commission (SEDC), focusing on mobilizing private funds, driving lasting economic change, and fostering inclusive growth in the region.

The company will start as a wholly-owned subsidiary of SEDC but is expected to shift toward a public-private partnership (PPP), welcoming investments from South-East state governments, private players, development finance bodies, and the diaspora.

Investment areas will include infrastructure, entrepreneurship, education, and other strategic projects.

“President Bola Ahmed Tinubu, GCFR, has granted executive approval for the establishment of the South-East Investment Company (SEIC), a dedicated investment vehicle under the South East Development Commission (SEDC) designed to mobilise private capital, unlock regional competitiveness, and fast-track industrialisation in the South-East,” according to the statement.

It also said, “With a projected blended capital base of over N150 billion, SEIC will mobilise resources through hybrid bonds, equity participation, and callable capital structures.”

SEIC plans to use a mix of hybrid bonds, equity participation, and callable capital to hit funding targets. The company expects to start pilot investments and fundraising in the fourth quarter of 2025.