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Senate fires caution as SEDC targets $200bn South-east economy, solicits support

Naija News • 5d ago
Senate fires caution as SEDC targets $200bn South-east economy, solicits support
Spread the word The Managing Director of the South East Development Commission (SEDC), Mark Okoye, in Abuja, Tuesday, unveiled an ambitious plan to grow the South-east into a $200 billion economy within 10 years. He then sought legislative backing for a N140 billion 2026 budget proposal to kick-start full implementation of the region’s development blueprint. Okoye spoke during the commission’s budget defence session before the Senate Committee on SEDC, where lawmakers cautioned the agency against mismanaging public funds and urged it to focus on impactful infrastructure. “In the last two, three weeks, we can say clearly that the mandate has been validated,” Okoye said, referring to a four-day Southeast Vision 2050 forum recently convened by the commission. “We had 100 per cent stakeho...
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