DevEast – a Non-profit Economic advocacy Foundation and its partners have embarked on a long-term project to champion the economic development of Eastern Nigeria.
Collins Onuegbu, founder of DevEast
On the March,12, 2021, the development partners will converge experts across the South-South/South-East to discuss the Eastern Nigeria Economic Corridor, the foremost economic block in Nigeria.
The Workshop is themed 2021 Eastern Nigeria Economic Outlook: Envisioning a New Economic Corridor. The Event according to organizers will be held in partnership with several Economic actors including chambers of commerce, professional groups in the former Eastern Region and will feature professionals across several fields but especially key focus areas including Oil and gas, Critical Infrastructure including transport and logistics, telecommunication, shipping, Manufacturing, Human Services.
Speaking about the Event, Collins Onuegbu, founder of DevEast said, “there are 11 states in the South East and South South regions of Nigeria. As an economic unit, this block has a GDP of
$111B – creating an Economic Corridor that is one of the biggest in Africa. This corridor also hosts the Oil/Gas industry that has been the mainstay of the Nigerian Economy for the past 50years. Its Population of about 75million makes it the 5th Largest populated country in Africa after Nigeria, Ethiopia, Egypt, and DRC.”
Continuing, he said, “Its small landmass means that there are 75million people in an urbanized small landmass that are connected. There are at least 10 midsize cities in the block and tens of tertiary cities, creating a connected block that is reachable by road in about 3hrs end to end. Its connection to the Atlantic Ocean makes it easy for the development of an integrated transportation system that includes roads, ports, rivers, and airports, both local and international.
By 2050, this corridor will be the most developed and integrated block in Nigeria and Africa. Its Development is important for Nigeria. We want to present this opportunity to the regional investors, Nigerians, and international investors to be part of the future of the economic corridor.