The House Committee on the South East Development Commission (SEDC) has approved the proposed N140 billion 2026 budget.
After approving the budget plan as a working document, the committee’s chairman, Representative Chris Nkwonta, commended Mr. Mark Okoye, the managing director of the commission, for a job well done.
Nkwonta referred to Okoye as “a round peg in a round hole” and commended his vision and economic plans for the development of the South-East zone.
The managing director had earlier highlighted the commission’s intentions for development in the South-East zone.
Building railroads across the five states in the zone, he says, is one of the proposals that will enhance trade and investment.Within the next ten years, we want to make the South-East a favored investment hub, and we’ll do it through industry, agriculture, and technology,” he said.
To create a cohesive economic bloc, Okoye claimed, the region’s economic policies have to be unified.
He commended President Bola Tinubu for approving South East Development Company Limited, which will enable the commission to purchase a $1 billion market portfolio in the next ten years.
According to the managing director, the commission is ready to deal with underemployment, which he says is increasingly common in the region.
