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The South East Development Commission (SEDC) has introduced the South East Venture Capital Program (SEVCP), a $50 million initiative designed to expand funding access for startups in the South-east region of Nigeria. This effort aligns with President Bola Tinubu's Renewed Hope Agenda to promote local entrepreneurship.
The House of Representatives has officially sanctioned the South East Development Commission's proposed budget of N140 billion for the 2026 fiscal year, following a presentation from its Managing Director, Mark Okoye. The budget aims to fuel economic development and infrastructure growth in the South East region.
Mark Okoye, Managing Director of the South East Development Commission (SEDC), has articulated the agency's ambition to elevate the South-East economy from $40 billion to $200 billion in the next decade, stressing the need for private sector and diaspora investments.
John Azuta-Mbata, President-General of Ohanaeze Ndigbo Worldwide, has urged President Bola Tinubu to provide funding for the South-east Development Commission to help mend historical grievances among the Igbo people during an event in Enugu.
