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By Sunny A. David, Awka
The South-East Development Commission (SEDC) has set an ambitious target to grow the economy of the South-East region from its current $40 billion to $200 billion by 2035.
According to the Managing Director, Mr. Mark Okoye, this goal is achievable through strategic partnerships with state governments, the private sector, and development partners.
Okoye acknowledged the significant challenges facing the region, including a harsh investment climate, low ease of doing business, unemployment, and over 2,500 active erosion sites.
However, he expressed confidence in the resilience and entrepreneurial spirit of the people, emphasizing that it’s time to shape the South-East’s future within the framework of the Federal Republic of Nigeria.
To achieve this goal, the SEDC will focus on several key areas, including: Security and Investment Infrastructure Development; prioritizing security and investment infrastructure development to attract businesses and investments.
Agriculture and Industrialization: promoting agriculture and industrialization to drive economic growth and job creation.
Technology and Innovation: leveraging technology and innovation to drive development and improve the quality of life.
Human Capital Development: investing in human capital development to equip the region’s workforce with the necessary skills and knowledge.
The SEDC also plans to engage with various stakeholders, including State governments, the private sector, academia, traditional rulers, and civil society organizations, to ensure a collaborative approach to development.
Ultimately, the SEDC aims to create a prosperous and developed South-East region, with a strong economy and improved quality of life for its citizens.
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