₦airaland Forum

zero8zero:
Lol, he doubled down on it.. We always tell these mob that your bullying and harassment only end on social media, it doesn't work. It is offline that will show you people who is who. Edo no be Agulu 😂😂. God bless Governor Monday Okpebholo.

President Bola Ahmed Tinubu has approved the establishment of the South-East Investment Company (SEIC), a federally backed investment vehicle with a projected capital base of N150 billion aimed at accelerating industrialisation and unlocking private sector growth across Nigeria’s South-East region.

The announcement was made in a statement published on Friday via the official handle of the Presidency of the Federal Republic of Nigeria.

According to the statement, the SEIC will operate as a subsidiary of the South East Development Commission (SEDC) and is structured to mobilise private capital, drive long-term economic transformation, and promote inclusive development in the region.

Initially, the company will be wholly owned by the SEDC but is expected to transition into a public-private partnership (PPP), incorporating investments from South-East state governments, private sector players, development finance institutions, and the diaspora.

The SEIC will oversee a range of targeted investment portfolios, including infrastructure, entrepreneurship, education, and other strategic interventions.

“President Bola Ahmed Tinubu, GCFR, has granted executive approval for the establishment of the South-East Investment Company (SEIC), a dedicated investment vehicle under the South East Development Commission (SEDC) designed to mobilise private capital, unlock regional competitiveness, and fast-track industrialisation in the South-East,” the statement read in part.

It added, “ With a projected blended capital base of over N150 billion, SEIC will mobilise resources through hybrid bonds, equity participation, and callable capital structures.”

To achieve its funding goals, the company will leverage a mix of hybrid bonds, equity participation, and callable capital structures. Pilot investments and fundraising activities are expected to commence by the fourth quarter of 2025.

More insights

President Tinubu presented the Certificate of Incorporation to the Commission in a brief ceremony at the State House in Abuja.

Present at the event were the Minister of Regional Development, Engr. Abubakar Momoh, the Managing Director of the SEDC, Mr. Mark Okoye, and members of the Commission’s executive team.

According to Okoye, the initiative marks a major milestone for economic planning in the region.

“The SEIC represents a bold step forward in regional development. It is more than a financial vehicle. It is a long-term strategy to unlock private capital, de-risk investment, and deliver sustainable economic growth for the South-East. We are building an institution that will stand the test of time and serve as a bridge between government priorities and private sector efficiency,” he said.

The SEIC draws inspiration from the legacy of the defunct Eastern Nigeria Development Corporation (ENDC), which helped stimulate industrial growth in the old Eastern Region under the leadership of Dr. Michael Okpara.

The current initiative is expected to revive that momentum by aligning regional strengths with national development priorities.

The Presidency also noted that the SEIC will undergo all necessary regulatory and compliance processes to ensure full operational readiness in line with global standards.

Penguin2:
The disputed Labour Party candidate for Surulere state Constituency in the 2023 general elections, Olumide Oworu, was part of those who came out yesterday to participate in the Peter Obi @64 birthday March by the Obidient Movement.

I was surprised to see him because I thought what he did in 2023 was him trying to be opportunistic . But it’s safe to say he has some level of conviction for the course.



https://x.com/OlumideOworu/status/1946672544200663127?t=Y1IIUee6wna8vWx51n5xrw&s=19[/quote]But this guy is an Obidient na 😂😂, the way you people are packaging this Agulu fraud sef 😂😂🤣

givedemwotowoto:
PO actually got Anambra back on track. His governorship tenure in Anambra is comparable to Musa Yar'Adua's governorship tenure in Katsina, with focus on education, healthcare and infrastructure.

Anambra became the best ranked state for Education, Insecurity drastically reduced, many road construction projects (800km of roads to be precise), many of them rural road networks.

Anambra had gross reserves of N36 billion + US$150 million when he left office in 2014.

Anambra GPD grew to about 40% in 2 years in PO's second term between 2009 and 2014, that's about 20% GDP growth per year. In comparison, the average national GDP growth for the same period was about 7%.

b0rn2fuck:
Everyone knew Obi would have been saner president even from appearance, speech and delegence but from what we breed in Africa, power monga, corruption, ancestor are the one ruling Africa and we the people are still the problem

ElevationD:
How you call others kids is so funny, young man. How are you easily so able to arrogantly display this level of ignorance? Can you please tell us what became the fate of Econet? How and who did Econet merge with, if any. Can you please let us know? While there’s no dispute that the allocated 0802 still remains, can you tell us what happened to Econet after 2004? Can you tell us who owns the Bharti Airtel? Can you tell us the shareholding structure in Airtel Nigeria? Can you tell us what percentage of Airtel Nigeria is owned by Lagos state government, as you evidence that revenue is generated in that capacity? Can you tell us how Lagos state makes some money from Airtel?

Again, what you do not know about International brewery in Anambra state, do not shoook your mouth into it, without proper information. Ignorance is not an excuse friend. Can you please prove that Obi has any share whatsoever, using either his personal name or his business name in International breweries.

I do not intend to continue spending time with you talking this matter, if you are not willing to research without bias? You must take away the bias in your kin to make a clear decision on International brewery.

Now once again please read the below:

https://www./peter-obis-equities-investment-international-plc-from-japheth-1e

ElevationD:
Just imagine how you completely confused yourself. How does this comment make sense to you? Tinubu attracted Econet to Nigeria and yet Econet is nowhere to be found. Where is that sane Econet today? Can you tell us how the same Econet packed up? If the business was profitable, why did Econet pack up or why bring the then Vmobile?

Making claims without substantiation can send you to jail. Can you show evidence of Obi’s ownership of shares in the brewery? Agreed but not conceded that he owns shares, he left power 11 years ago and yet the brewery makes billions annually for the state and citizens. Today, it was evident from the state government just three days ago published that the brewery is the largest government owned tax paying business in the state. Or you did not read that?

When you say people were not born while Tinubu was the Governor of Lagos state, can you tell us your age then and where you reside in Lagos. We can tell you exactly what happened in that area then. Certainly you were not more than 5 years old in 1999, that is if you were born before that year. Tinubu received tax from Econet and today, we hear stories of how his tax collection in Lagos made him the man that he is today in the same Lagos. Get small shame na.

Take you little time to read the below link for better understanding:

https://technext24.com/2022/06/02/did-bola-tinubu-bring-econet-nigeria-2001/

Precious452:
I know you're an APC paid e-rodent who has been armed with fake information from your various agbado propaganda WhatsApp groups but I will still school you with facts and disprove your earlier claim concerning Econet.
Tinubu did not attract Econet to Nigeria. He never invested in Econet as a governor on behalf of the the state. In fact the only Nigerian state as at 2001 that invested in Econet before it's closure was Akwa Ibom state.
Check the link below and bury your ugly, tribalistic, propaganda and wicked head in shame.

https://factcheckhub.com/who-brought-econet-to-nigeria-11/

1. Tinubu played a role in the evolution of ECONET..

2. Supported the lincense fee financially ( i.e through investing in shares)

fergie001:
The membership of a political party is exclusive to that Party.

Only ADC can determine her members. If Obi peradventure is a member of LP, and contests then wins the APC ticket, only persons who participated in the Primary can challenge him in Court and even at that, he is still technically safe.

The moment he is cleared to contest, he is good to go.

Heffalump:
Some people are already celebrating, but it's never too late for Obi to decide. It's voluntary and not compulsory to participate in any primary. The freedom is his. No any candidate in ADC can unseat Tinubu in 2027 except Obi. Go and ask Tinubu and his agbado minions, they know the truth.

AMINDA:
Sensational headlines and irresponsible journalism. It is a no-vrainer that Obi will eventually resign if he intends to contest under the ADC.

“Well, that will be made public if he decides to do that. At the moment, he is still a member of the Labour Party,” Yunusa told LEADERSHIP Weekend yesterday.

naijapips04:
During Peter Obi's administration, he invested $12,616,356.43 approx $13m US dollars into sabmiller.

If you fix $13m at a mere 10% annual interest rate, you will be making a cool $1.3m or about N3 billion Naira every year.

With what was declared by Anambra state government, Sabmiller is not anywhere generating this on the investment Anambra state stashed into it.

Soludo is right. That investment is worthless. A good business man would have turned that $13m multiple folds by now.

Peter Obi used Anambra state finances to grow a business he has personal interests in.

Precious452:
First of all, El Rufai was not a sitting Governor when this happened (as usual agbado people and misinformation) and he was there primarily to interfere in the elections. I am not defending illegal house arrests or infringement on his right but this statement here is false.
Finally, Soludo has helped us to mention the investment obi attracted to Anambra state during his tenure as governor that is among three top 6 tax payers. Now tell us the investment Tinubu attracted to Lagos state that is among the top 20 tax payers in the state.

SmartPolician:
This issue has long been addressed and the two gentlemen involved have reconciled. Sending Escobar to Iragbiji in 2027 is a task the two gentlemen have agreed to successfully execute

Shawarmagirl:
Same 5% he's running helter-skelter to seek their vote. OTP will remain his case in 2027

Ikaeniyan0:
Can you provide evidence to back this up?

nairalanda1:
Getting off oil means getting from oil forming most of our revenue, and becoming an economy that uses its available natural resources to make goods that the world needs.

Our leaders, including the current one have talked about it, but most of them leave office without doing anything about it.

AM sure you will get angry with me, but the sad truth is, NIgerians are not ready to run a manufacutring economy, be it obident, tinubu supporter, gej supporter, buhari supporter, etc. Even the idea of biafra is basically one tribe gets access to oil money which it would use to develop an import based economy.

You talk about textiles and so on, all of them failed because they were protected from competing with the external world. Once the world market opened up in the 1990's , problems started. And many of them relied too much on imported components and raw materials that should have been made in nigeria.

At the end, I am yet to see any government that is serious about getting nigeria from being a sharing money economy to being a producer economy. Calling me a kid does not change that fact.

Good afternoon.

Shawarmagirl:
If you like approve heaven to them OYO in 2027 you know it already.

fergie001:
I don't try to undermine what Tinubu is doing in Nigeria and South East but don't speak like some people are morons.

1. The Supreme Court must have nearly equal representation of all geopolitical zones, all must have at least three and not more than four. The SE had none because the only one there died, but that doesn't mean he did the SE any favours. Mind you, before, the NC also had only 1 Supreme Court Justice who manadtorily retired after Tinubu was sworn-in.

2. Will that be the first time one of the service chiefs is from the SE? Buhari didn't, nobody killed him. The SS/SE bloc got it under Buhari and now under Tinubu.

3. Was the regional development commission a favour?
Buhari gave (using your own language) the North East theirs in 2017.
The SE bill was passed in February 2024, several momths before the South West, South South, North Central & North West bills.

4. NCAT is in Zaria. What did Tinubu do?
Decentralised it, so that all geopolitical zones will have it. How is that a favour to one particular zone?

5. Massive ongoing road construction, can you please and please name those places?

I would have ignored if you had mentioned specific project(s) geared towards the region, in particular that he is doing (like this one) and not the blanket and share-to-everybody (though not bad) thing you see as a favour.

happney65:
So it is okay for you can call for war and civil War,shut down the Entire country,APC supporters lead by MC Olu told Obidents not to come out and vote during elections. Beat people who do up, You wont and never condem the actual violence meted out to obo supporters. Those who have never beaten anybody,you wont condem the violence against others but het angry over online abuse.

I dont get it?

You wont tell you Tinubu supporters to stop beating people for wanting to do their civil rights.of voting. Yet you claim it is Obi supporters that are toxic. Lmao. Toxicity is when you beat people up for voting, Toxicity is when you call for a civil War because of oil prices. Led a 3weeks protest that shut down the Entire Nation,but het angry over verbal talk

See,Nobody wants your hypocritical support. Wè havent even started with you. Wè shall continue our verbal support. With talk and abuse if need be. If you dont like it, you can go and jump.into the Lagoon

You hypocrites

happney65:
With such supporters who are only experts in bullying, gatekeeping and intolerance, it is hard for Mr. Obi to build the broad coalition necessary for him to become President. His supporters are simply not enough on their own to make him President and worse still, they attack, block and harass those who might otherwise be willing to help him do"

It is the biggest hypocrisy of the century when APC folks talk about abuse from Obidents when they have done worst. They didnt just abuse, they beat,violence and killings because they wanted to win elections.

That is Bashir attached. The Man WHO gets angry about abuse,once called for a civil War because of 65naira.

Shior

“I would like to even make it clear that I didn’t visit Peter Obi, he came to us and he did so out of respect for President Buhari,

The eldest son of the deceased, Tajudeen Dantata, thanked the President for honouring the family with his presence and support.

“Much has been said today about His Excellency’s swift and heartfelt response upon hearing of our father’s passing. We cannot thank you enough. You have demonstrated closeness with him while he was alive, and even in his death, you have proven that he was a dear brother and friend.

“We witnessed your relationship with him before you became President. We saw how you engaged with him during his lifetime and reacted to his demise. On behalf of the family, we thank you wholeheartedly,” he said.

President Bola Tinubu on Friday in Kano described the late Aminu Dantata as a titan of integrity, humility, and generosity, whose life was dedicated to service, philanthropy, and devotion to others.

“He gave so much of himself to the service of our country and its people,” Tinubu said during a condolence visit to the family of the late business mogul in Kano.

Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed details of the visit in a statement he signed Friday titled ‘In Kano, President Tinubu pays tribute to Aminu Dantata’s philanthropy, integrity.’

The renowned industrialist passed away on Saturday, June 28, 2025, in Dubai at the age of 94 and was buried in Madina, Saudi Arabia, on Tuesday, July 1, 2025.

Tinubu said Dantata embodied the highest values of public service and human compassion.

“This is a deeply personal visit for me. I came to condole with the Dantata family and the good people of Kano. He was not just a respected figure; he was part of my family,” the President said.

He recalled the counsel and prayers he received from the late Dantata during the 2023 presidential election campaign.

“I came to him for prayers before the election, and he gave me his blessings. I promised to come back and thank him, but instead of me visiting, he came to Abuja. That was the kind of man he was: humble, simple, and sincere,” the President said.

He praised the late elder statesman for his unwavering honesty, compassion, and generosity, describing him as a man who lived for others.

“If friendship and goodwill continue into the hereafter, Dantata will be there in the marketplace, feeding the hungry and comforting the sick. He gave so much of himself to the service of our country and its people,” he said.

The President extended heartfelt condolences to the Dantata family, the government and people of Kano State, and the entire nation.

“We have lost a titan. We have lost the conscience of our country. May Allah, in His infinite mercy, grant him Aljannah Firdaus,” he prayed.

Tinubu offered prayers for peace, strength, and solace for the bereaved family and all those mourning the departed elder.

Speaking on behalf of the government and people of Kano State, Governor Abba Yusuf extended his gratitude to the President for his compassion and unwavering support during the mourning period.

He recalled that following the elder statesman’s passing, the President dispatched a high-powered federal delegation to Saudi Arabia, led by the Minister of Defence, to attend the funeral rites.

The governor also led a state delegation, alongside his Jigawa State counterpart, to join the federal delegation at the burial in Medina.

“The entire process was seamless and successful, thanks to your leadership and support. We also know your appeals to Saudi Arabia and Dubai leaders, which facilitated the necessary arrangements. For this, we remain grateful,” Yusuf said.

He commended the President for previously sending the Vice President, Senator Kashim Shettima, and another federal delegation to condole with the family before personally taking time to visit despite his demanding national schedule.

“We pray Allah (SWT) grant our father and elder statesman eternal rest. We also pray for your continued strength and good health, so that you may continue to deliver on your commitment to building a better Nigeria,” the governor added.

The eldest son of the deceased, Tajudeen Dantata, thanked the President for honouring the family with his presence and support.

“Much has been said today about His Excellency’s swift and heartfelt response upon hearing of our father’s passing. We cannot thank you enough. You have demonstrated closeness with him while he was alive, and even in his death, you have proven that he was a dear brother and friend.

“We witnessed your relationship with him before you became President. We saw how you engaged with him during his lifetime and reacted to his demise. On behalf of the family, we thank you wholeheartedly,” he said.

The late Dantata’s son assured the President that the family would uphold the values and legacy of their late patriarch.

“We pray for your continued good health, Your Excellency, and for the courage and tenacity you have shown in your efforts to lead our nation forward. May you succeed in your mission to build a greater Nigeria.

”We wish you the best of health. For the courage, tenacity that you have shown to take the country out of its doldrums, to clear the path to a greater Nigeria, thank you very much. You will be in our prayers always,” he said.

Among those who accompanied the President on the condolence visit were Senate President Godswill Akpabio, Deputy Senate President Barau Jibrin, Minister of Defence, Mohammed Badaru Abubakar, Minister of Women Affairs, Imaan Sulaiman-Ibrahim, Minister of State for the FCT, Mariya Mahmud, Minister of State for Education, Suwaiba Said Ahmad, and the National Security Adviser, Nuhu Ribadu.

Also present at the condolence visit were the Governor of Jigawa State, Umar Namadi, chairman of Dangote Group, Aliko Dangote, who is a nephew of the late Aminu Dantata, elder statesman Tanko Yakassai and Mohammed Indimi.