The Southeast Development Commission (SEDC) visited the Lion Business Park in Enugu as part of its Project Preparation and Industrialisation Program.
The SEDC CEO, Mark Okoye, stated that the commission has been reviewing a list of Industrial and infrastructure projects. The Lion Business Park in Enugu falls under this specified category.
” Over the past few weeks, we have begun reviewing several industrial and infrastructure projects across the South East as part of our Project Preparation and Industrialisation Program,” Okoye said.
” This visit to Lion Business Park in Enugu is one of several early steps to assess existing platforms, identify gaps, and explore how we can support the development of bankable, investment-ready projects in the region,” He added.
The SEDC boss reiterated that the Commission’s long-term strategy is to build a strong pipeline of well-structured projects that can attract private capital and drive sustainable industrial growth.
Speaking onsite at the business park, Okoye revealed that the Promoters of the business hub invited the Commission to come and assess it. They also needed the commission to benchmark it as part of the accelerator initiatives of the Southeast’s industrialization.
Southeast’s Industrialization as the Centre of Focus
The Lion Business Park hopes to create an enabling environment in the eastern region. This, it hopes, will attract investment from easterners based in Lagos and Abuja. They believe this is the future, and the business park is working towards this reality one project at a time.
The SEDC is injecting N70 billion into the eastern region’s tech ecosystem via its Southeast Venture Capital Program. The program seeks to empower tech startups at the incubation and advanced stages with $5000 and $25,000, respectively.
The venture capital program is the first direct people-centred initiative from the Commission. This follows many months of strategic preparations and consultation.
The SEDC, which held a major stakeholder forum this year, has kicked off the year with a VC program. This highlights the commission’s seriousness and eagerness to deliver tangible outcomes to the eastern region.
