SHETTIMA LAUNCHES SOUTH EAST VISION 2050 AND NEW INVESTMENT COMPANY
Historically recognized as Nigeria’s industrial heartbeat, the South East is transitioning toward a new era of structured economic growth. Vice President Kashim Shettima officially launched the South East Vision 2050 on Wednesday during a regional stakeholders forum in Enugu. This 25 year development blueprint aims to move the region away from short term governance cycles and toward a multi decade framework for prosperity.
During the event, the Vice President announced that President Bola Ahmed Tinubu has approved the establishment of the South East Investment Company Limited. This new entity is designed to mobilize resources from the global diaspora, capital markets, and development finance institutions. Working in synergy with the South East Development Commission, the company will focus on closing postwar infrastructure gaps and enhancing regional competitiveness without the burden of traditional bureaucracy.
Governor Peter Mbah of Enugu State and his colleagues from across the region endorsed the plan, noting its alignment with the national Vision 2060 agenda. Mbah highlighted the unity among regional leaders and proposed the creation of a South East common market to awaken the area’s full economic potential. Other regional leaders, including Governors Francis Nwifuru, Alex Otti, and Charles Soludo, emphasized that the initiative would tackle unemployment and provide a unified framework for transformation.
The forum drew a wide range of supporters, including the United Nations Development Programme and the Manufacturers Association of Nigeria. Stakeholders emphasized that for genuine industrialization to occur, new infrastructure must directly support domestic production.
The event concluded with the Vice President and regional dignitaries touring an exhibition gallery showcasing the cultural and industrial potential of the South East, signaling a collective commitment to the region’s long term rebirth.
