News Report – July 23, 2025
Farmers under various cooperative societies across Nigeria’s South-East have applauded President Bola Ahmed Tinubu for the recent approval of the South East Investment Company, describing it as a bold and strategic move to revitalize agriculture, boost regional development, and empower local farmers.
The farmers hailed the initiative as a long-awaited intervention that could transform the region’s economic landscape through job creation, food security, and increased investment in agribusiness. They noted that the company, once operational, would provide cooperative groups and smallholder farmers with access to funding, modern equipment, training, and viable market opportunities.
Speaking on behalf of the cooperatives, Mr. Ikenna Umeh, a representative of the Anambra Farmers Union, said the President’s decision reflects his commitment to inclusive growth and equitable national development. “This approval is not just a win for farmers but for every household in the South-East. It will restore confidence in the agricultural sector and help reduce rural poverty,” he stated.
The South East Investment Company is expected to serve as a public-private partnership model that will drive development in key sectors including agriculture, manufacturing, and infrastructure across Abia, Anambra, Ebonyi, Enugu, and Imo states.
Presidential sources say the company will receive coordinated federal support in line with Tinubu’s Renewed Hope Agenda, while also attracting domestic and international investors.
Local leaders and agricultural stakeholders have pledged their full support and readiness to partner with the new entity to ensure its sustainability and success.