South East Development Commission unveils strategic projects

The South East Development Commission (SEDC) has commenced preparatory work on strategic projects aimed at enhancing economic growth and infrastructure development in the South-East region. During a recent oversight visit, Managing-Director Mark Okoye briefed the Senate Committee on the SEDC about ongoing initiatives, which include planned gas pipeline and railway projects.

He emphasized the importance of partnerships with federal MDAs, state governments, development partners, and the private sector to promote coordinated regional development. Okoye also highlighted the South East Vision 2050 stakeholder consultations as a significant milestone.

Additionally, he mentioned the South East Venture Capital Programme, which has provided equity investments to 25 startups from the five South-East states through a competitive selection process, aimed at fostering entrepreneurship and innovation. Senator Orji Uzor Kalu (Abia North), Chairman of the Senate Committee on the SEDC, expressed satisfaction with the progress made on the commission’s headquarters in Enugu and urged the management to maintain this momentum.