*Says new investment firm, diaspora partnerships will drive infrastructure, industrial transformation
Vice-President Kashim Shettima has launched a 25-year development blueprint for the South-East region, saying the region is a central pillar of Nigeria’s economic future. It is tagged Vision-2050.
He also announced that President Bola Ahmed Tinubu has approved the establishment of the South East Investment Company Limited, designed to mobilise resources from the diaspora, capital markets, and development finance institutions for the region’s development.
Speaking on Wednesday during the South-East Vision 2050 Regional Stakeholders’ Forum in Enugu, the Vice President said the gathering was a decisive break from short-term governance cycles toward a structured, multi-decade development framework.
“This forum reflects foresight, responsibility, and a shared understanding that the future is not something we wait for, but something we must deliberately design.
“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,” VP Shettima said.
He said the company will work in synergy with the South-East Development Commission (SEDC) to address postwar infrastructure gaps and drive long-term regional competitiveness.
Senator Shettima 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 stated, noting that the South-East carries a unique historical burden, which makes deliberate regional planning both urgent and necessary.
The VP praised the inclusive nature of the forum, which brought together federal and state governments, traditional institutions, the private sector, civil society, and development partners.
He also acknowledged the presence of Umu Igbo Unite, a United States–based network of over 10,000 young professionals, saying, “The future of the South-East will be built both at home and abroad, together.”
Addressing the youth directly, the Vice President said: “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.
Earlier, Governor Peter Mbah of Enugu State joined his colleagues in the region in endorsing the vision 2050, explaining that the vision is an opportunity for the South East region to tap into the national agenda tagged vision 2060.
He applauded the unity of purpose among leaders and stakeholders in the region and proposed the birthing of a South East common market, describing the moment as the awakening of an economic giant.
On reimagining the South East as an economic bloc, Governor Mbah said the focus on the unity and synergy of ideas and resources and the decision to change the thinking of leaders and the people about their development trajectory, must remain paramount.
He urged a paradigm shift in the planning and execution of projects across the region while calling on the people of the area to complement the renewed drive by the Federal Government to improve the security of lives and livelihoods as well as integrate all parts of the region’s plan for inclusive development.
In his remarks, Governor Francis Nwifuru of Ebonyi State, pledged the support of the state government for the implementation of a development plan for the region, noting that the plan will close unemployment and poverty gaps, while unlocking potentials across different sectors of the region’s economy.
In the same vein, Governor Alex Otti of Abia State, expressed happiness and satisfaction over the unanimous adoption and support for the South East Vision 2050 by critical stakeholders across the private and public sectors, saying the summit is connected to revolution of the region and its economic transformation.
On his part, Governor Charles Soludo of Anambra State, thanked President Tinubu for the creation of the SEDC, describing it as a gift to the region that has been clamoured for by stakeholders for a long time.
He said the conversation around the SEDC Vision 2050 was historic, as it was the first time the governors and other leaders across the region were united in the adoption of a framework that will guide the transformation of the area.
In a keynote address, the Resident Representative of the UNDP, Mrs Elsie Attafuah, spoke on global lessons in long-term regional planning through institutional capacity for sustainable implementation of development plans in complex contexts.
She said for genuine industrialisation to be achieved, policymakers and stakeholders must ensure that infrastructure built across the region serve domestic production.
