The Chairman of the House of Representatives Committee on South-East Development Commission, SEDC, Hon. Chris Nkwonta has mentioned that the fee’s mandate will present a chance to address the devastating effects of the civil war, many years of neglect and infrastructural deficit throughout the 5 states of the area.
The lawmaker disclosed this throughout an oversight go to by members of his committee to the fee.
He expressed optimism that the institution of the SEDC headquarters would supply the institutional framework wanted to translate “the historic philosophy of the Reconstruction, Rehabilitation and Reconciliation formulated after the Nigerian Civil War into practical development programmes for the South-East region”.
According to him, via inclusive financial programmes and strategic interventions, the fee would contribute to rebuilding broken infrastructure, together with federal roads, public buildings and concrete centres, whereas selling financial development and improvement.
In an interview with newsmen in the course of the go to, the Managing Director of SEDC, Mr. Mark Okoye, mentioned the fee’s headquarters, a 4-storey facility donated by the Enugu State Government, would considerably strengthen its operational capability and institutional effectivity.
He, nonetheless, defined that the constructing would centralise the actions of the fee by bringing its departments, government administration and workers underneath one roof, thereby enhancing coordination, strategic planning and venture execution.
He mentioned the association would get rid of administrative fragmentation, encourage lengthy-time period planning and facilitate the speedy implementation of regional improvement grasp plans.
The Managing Director additionally highlighted the monetary advantages of the power, noting that working from a lease-free constructing would scale back overhead and actual property prices, permitting the fee to channel extra sources into essential improvement tasks, highway development and group-based mostly interventions.
On regional cooperation and innovation, Okoye mentioned the headquarters would function a hub for strengthening collaboration among the many 5 South-East states and selling initiatives able to stimulating entrepreneurship and technological development.
He cited the South-East Venture Capital Programme, launched in May 2026, as one of many initiatives designed to supply funding for younger know-how innovators, set up innovation hubs and address the problem of youth migration from the area to different financial centres, notably Lagos and Abuja.
Okoye additional disclosed that the power would improve the fee’s capability to draw investments via the proposed South-East Investment Company.
He defined that the initiative would supply an institutional platform for connecting personal-sector traders, members of the diaspora and different funding sources with main improvement tasks throughout the area.
