NEDC Unveils ₦230bn Investment for North-East Growth

The North East Development Commission (NEDC) has approved a historic ₦230 billion investment package aimed at revitalizing the North-East region of Nigeria. This initiative, announced during a media briefing in Abuja, focuses on power, transport, enterprise, healthcare, and mobility, with the goal of transitioning the region from a decade of recovery to a decade of growth.

Mohammed Alkali, Managing Director and Chief Executive Officer of NEDC, stated that the region is moving from recovery to prosperity. The package is part of the North-East Stabilisation and Development Master Plan (NESDMP) and aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda.

The NEDC has previously completed significant infrastructure projects, including over 300 kilometers of roads, 50 bridges, and 100,000 solar streetlights, which have positively impacted local businesses, as illustrated by Aisha Buba's increased profits from her vegetable shop due to improved lighting. The Commission has also achieved five ISO certifications, marking a significant milestone for regional development agencies in Nigeria.