SEDC's Okechukwu Calls for Collective Business Growth

The South-East Development Commission (SEDC) has raised concerns that individual prosperity is undermining regional development in South-East Nigeria. Hon. Toby Okechukwu, the Executive Director (Projects) of SEDC, made this statement during the 10th anniversary of De Pinnacle International Social Club in Abuja.

He noted that while the people of the region show social unity during events, this spirit does not extend to business collaborations. Okechukwu challenged entrepreneurs to focus on collective investments that can create enduring institutions and transform the economy.

He emphasized the importance of building businesses that can survive their founders, rather than those that collapse after their owners' departure. He identified strong corporate governance, succession planning, and proper financial structures as essential for sustainable business development.

Okechukwu also referenced the late Sir Louis Odumegwu Ojukwu's contributions to Nigeria’s capital market, highlighting the need for South-east businesses to leverage these opportunities for growth.