Shettima launches S/East Vision 2050 Economic Development blueprint

By Chinedu Adonu

The Vice President of Nigeria, Senator Kashim Shettima, has launched a 25-year development blueprint for the South-East region (South East Vision 2050), saying the region is a central pillar of Nigeria’s economic future.

He also announced that President Bola Ahmed Tinubu has approved the establishment of the South East Investment Company Limited, designed to mobilise resources from the diaspora, capital markets, and development finance institutions for the region’s development.

Shettima, who made this known on Wednesday during the South-East Vision 2050 Regional Stakeholders’ Forum in Enugu, said the gathering was a decisive break from short-term governance cycles toward a structured, multi-decade development framework.

“This forum reflects foresight, responsibility, and a shared understanding that the future is not something we wait for, but something we must deliberately design.

“In recognition of the distinctive character of the South-East, its entrepreneurial spirit, its global diaspora, and its long-standing relationship with international capital, President Bola Ahmed Tinubu approved the establishment of the South East Investment Company Limited,” VP Shettima said.

He said the company will work in synergy with the South-East Development Commission (SEDC) to address postwar infrastructure gaps and drive long-term regional competitiveness.

He reaffirmed that the SEDC was conceived to focus on structural transformation rather than routine administrative activity, insisting that Nigeria is strongest when its regions thrive.

“Let me be clear. This is not another layer of bureaucracy. It is a delivery institution, focused on tangible outcomes that translate into jobs, productivity, and growth,” he stated, noting that the South-East carries a unique historical burden, which makes deliberate regional planning both urgent and necessary.

The VP praised the inclusive nature of the forum, which brought together federal and state governments, traditional institutions, the private sector, civil society, and development partners.

He also acknowledged the presence of Umu Igbo Unite, a United States–based network of over 10,000 young professionals, saying, “The future of the South-East will be built both at home and abroad, together.”

Addressing the youth directly, the Vice President insisted that development must produce concrete results.

“To the young people of the South-East and of Nigeria as a whole, let me speak plainly. You are not spectators in our national journey. You are central to it. Your energy, creativity, and ambition are essential to the Nigeria we are working to build. Development must not remain an abstract promise. It must be felt in the daily lives of our people.

Earlier, Governor Peter Mbah of Enugu State joined his colleagues in the region in endorsing the Vision 2050, explaining that the vision is an opportunity for the South East region to tap into the national agenda tagged Vision 2060.

He applauded the unity of purpose among leaders and stakeholders in the region and proposed the birthing of a South East common market, describing the moment as the awakening of an economic giant.

He thanked the Vice President for his dedication and substance to the cause of the South East region, noting that his presence reinforced the principle that sustainable regional development does not thrive in isolation but on dedicated national leadership, as exemplified by the Vice President.

In his remarks, Governor Francis Nwifuru of Ebonyi State pledged the state government’s support for the implementation of a development plan for the region, noting that the plan will close the unemployment and poverty gaps while unlocking the region’s economic potential across different sectors.

He said Ebonyi State, under his administration, is building on the foundation laid by the past administration in agriculture and agribusiness, education, solid mineral development, and a roadmap for the transformation of Ebonyi State into a hub of rural development in the South East.

In the same vein, Governor Alex Otti of Abia State expressed happiness and satisfaction over the unanimous adoption and support for the South East Vision 2050 by critical stakeholders across the private and public sectors, saying the summit is connected to the region’s revolution and economic transformation.

Citing examples of transparent leadership in Abia State and the abundance of solid minerals and other natural resources across the South East, Governor Otti said the task of economic transformation and industrialisation of the region was feasible and possible with the committed and transparent execution of the development agenda.

For his part, Governor Charles Soludo of Anambra State thanked President Tinubu for creating the SEDC, describing it as a gift to the region that has long been clamoured for by stakeholders.

He said the conversation around the SEDC Vision 2050 was historic, as it was the first time governors and other leaders across the region were united in adopting a framework that will guide the transformation of the area.

In a keynote address, the Resident Representative of the UNDP, Mrs Elsie Attafuah, spoke on global lessons in long-term regional planning, focusing on institutional capacity for the sustainable implementation of development plans in complex contexts.

She said for genuine industrialisation to be achieved, policymakers and stakeholders must ensure that infrastructure built across the region serves domestic production.

She urged the cutting-edge execution of Vision 2050 by stakeholders across the region and noted the importance of catalyzing the comparative advantages of southeastern states in ensuring the sustainability of the gains recorded in the years to come.

In his remarks, the Minister of Regional Development, Engr Abubakar Momoh, said the event was a crowning moment in the development of the South East region, especially in fostering a united and prosperous future.

He said the creation of the SEDC by the administration of President Tinubu reflects an institutional commitment to the coordinated, targeted transformation of the region through the revitalisation of critical infrastructure, such as the rail sector and the commodity ecosystem, among others.

For her part, the Minister of Trade and Investment, Dr Jumoke Oduwole, underscored the significance of aligning resources and efforts, which she said had been prioritized through the South East Vision 2050 programme.

Dr Oduwole pledged her ministry’s support and announced the launch of a nationwide trade facilitation tour to boost export potential across the country, describing the South East region as the springboard for Nigeria’s industrial transformation.

In a goodwill message, the President of Ohanaeze Ndigbo Worldwide, Sen. Azuta Mbata, commended the Federal Government for prioritizing regional integration and development through the summit.

He said the integration of the South East in the broader national development agenda is key, and pledged the support of the people of the region for the aspirations of the Vision 2050 and the Renewed Hope Agenda of the administration of President Bola Ahmed Tinubu.

On his part, Chairman of the South East Development Commission, Sir Emeka Wogu, thanked President Tinubu for his commitment to the progress and development of the South East region and its people.

He said the South East Vision 2050 is unique and designed to ensure the continuity of the region’s development agenda and the synergy of efforts among the respective state governments.

For his part, the Managing Director of the SEDC, Mr Mark Okoye, thanked President Tinubu for creating the commission as a special-purpose vehicle to champion the region’s economic transformation.

He said the SEDC will seek the partnership of state governments, the diaspora community, and the organised private sector in implementing the 2050 vision, aimed at charting a shared path to sustainable prosperity for South East Nigeria, focusing on infrastructure, power, peacebuilding, and connectivity, among others.

Vanguard News

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