HomeBreaking NewsSEDA Slams SEDC’s ₦140bn Budget, Demands Capital Projects Over Optics

SEDA Slams SEDC’s ₦140bn Budget, Demands Capital Projects Over Optics

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The Southeast Development Agenda (SEDA) has raised a red flag over the proposed 2026 budget for the Southeast Development Commission (SEDC), labelling the ₦140 billion fiscal plan as “disproportionately heavy” on administrative costs at the expense of regional infrastructure.

In a review released on March 1, made available to Securitynewsalert.com, the socio-political organisation called for an immediate legislative overhaul of the budget and the creation of an independent citizens’ oversight body to monitor the commission’s spending.

The controversy follows the budget presentation by SEDC Executive Director Mark Okoye. SEDA alleges that a significant portion of the funds is earmarked for “soft” expenditures, including media campaigns, investor roadshows, consultancy fees, and international travel, rather than the “hard” infrastructure projects the region desperately needs.

 

“Development commissions exist to catalyse structural transformation, not to expand bureaucratic layers or prioritise ceremonial engagements,” the group stated in a formal communique signed by Convener Comrade Nelson Nnanna Nwafor and Secretary Chiemezie Kelechi Oluoha, Esq.

They further argued that “these allocations appear to outweigh direct, visible, and transformative capital projects that the people of the Southeast region urgently expect.”

The group expressed deep scepticism regarding the efficiency of the proposed spending. SEDA noted that “billions of naira allocated to legal setup, financial advisory, and business case development raise serious questions about cost efficiency and duplication.”

They also pointed to an “overemphasis on optics” through billions spent on media campaigns and branding, which they believe should be “subordinate to capital-intensive economic transformation.”

Furthermore, the organisation raised alarms over “significant provisions for local and international travel, refreshments, and consumables” during a time when the region is grappling with severe infrastructure deficits. SEDA warned that the current breakdown “does not clearly identify flagship infrastructure projects such as major roads, industrial parks, or agricultural processing hubs” that would offer immediate economic relief.

To prevent “capital flight” and address the region’s decaying infrastructure, SEDA is demanding a “comprehensive rebalancing” of the 2026 allocation. They are pushing for the “establishment of an independent citizens’ oversight committee” comprised of civil society, professional associations, and development finance experts.

According to the group, this multi-stakeholder body is essential to “monitor project implementation, budget releases, and procurement processes every quarter.”

They emphasised that “public funds must prioritise projects that directly stimulate production, industrialisation, and regional competitiveness” to ensure the commission stays true to its mandate.

The organisation concluded by urging the SEDC leadership to align its spending with the “aspirations and economic needs” of the Southeast.

They maintained that “the people of the Southeast deserve a development blueprint anchored on industrial growth, infrastructure renewal, and job creation.”

SEDA has officially called for the “publication of a detailed budget breakdown” to ensure full disclosure of procurement plans and performance metrics. “We urge all stakeholders to treat this matter with the seriousness it deserves, in the collective interest of sustainable regional development,” the group stated. #securitynewsalert.com

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