FEDERAL GOVERNMENT BEGINS GENUINE RECONSTRUCTION EXERCISE ACROSS SOUTH EAST, 54 YEARS AFTER NIGERIA AND DEFUNCT BIAFRA REPUBLIC CIVIL WAR IN 1970
Written by darling on February 13, 2025
SEDC
In an apparent move to assuage the ill feelings of the people the South East against the Federal Government more than five decades ago, particularly after civil war which ended in 1970, the Federal government has taken a bold step by inaugurating the South-East Development Commission (SEDC) to commence genuine reconstruction of the area.
During the said inauguration, it was revealed that the commission will grow the South East economy from the present $40 billion to $200 billion economy in 2035.
The Managing Director of South East Development Commission, Mark Okoye stated this in Awka during his inaugural speech.
According to him, the inauguration of SEDC was the commencement of reconstruction of the South-East geopolitical zone, 54 years after the civil war between Nigeria and the defunct Biafra Republic.
He said that the task ahead was enormous, quoting the World Bank as saying that Southeast required an annual investment of $10 billion for the next 30 years to be able to bridge the infrastructure gap.
Okoye said that the region was facing numerous challenges at the moment including a harsh investment climate due to security concerns, low ease of doing business, unemployment and 2,500 active erosion sites resulting in displacement of thousands of people.
He added that the Commission will rely on the support of President Bola Tinubu and governors of the five states, the private sector and strategic partnerships, to lay the foundation for the realisation of the economic goals.
