The concept of South-East Nigeria Economic Commission emanated from a Stakeholders Forum on Industrial Clusters in South-Eastern Nigeria, organized by the African Institute for Applied Economics (AIAE) now African Heritage Institution (AfriHeritage), on 26th September 2006 in Enugu. The state of industrial clusters was situated against the economic and development performance of the southeast geopolitical zone, in relation to other zones of the country.
The Forum observed that the poor state of industrial development in the southeast zone reflects the underlying lack of coordinated economic, institutional and infrastructural development. It recommended that though industrial clusters pose major policy challenges across the zone, they cannot be treated in isolation of the overall economic context of the southeast zone.
The Policy Forum concluded that holistic and systematic approach is required to harness the full economic potentials of the southeast states, instead of piecemeal disparate measures by individual States. It was reasoned that there is compelling need to explore sustainable institutional mechanisms to generate and deliver common services in order to reap economies of scale for the accelerated development of the entire zone. Among the critical economic areas that are amenable to collective approach are the development of key and lumpy infrastructural projects, generation and diffusion of technologies, upgrading human capacity for industry development of large regional social projects, creation of strategic investments and institutional strengthening.
MILESTONES TASKS AND OBJECTIVES
The cardinal goal of SENEC shall be the promotion of economic competitiveness and sustainable development of the southeast geopolitical zone within the national and global economies. The achievable milestones of SENEC would be:
Specifically, the Commission shall carry out the following objectives/tasks:
VISION, MISSION AND GOALS
The concept of establishing a body to foster and champion the developmental interests of the South East geopolitical zone holds enormous potentials for uplifting the zone especially by bringing together the governments of the geopolitical zone and other stakeholders. The proposed South East Nigeria Economic Commission (SENEC) will play vital roles in uniting the interests of the States of the zone and in encouraging cooperation and collaboration amongst the governments of the States. The SENEC will also be well positioned to advise individual State governments. It is also important for the SENEC to be at the forefront in negotiating or influencing policies for the interests of the geopolitical zone. The vision of the South East Nigeria Economic Commission is to become a robust platform that drives sustainable economic growth and social development of the South East geopolitical zone of Nigeria. The mission of the Commission is to provide potent vehicles for the articulation of development strategies, mobilization of resources and coordination of policies for greater economic prosperity within the South East geopolitical zone of Nigeria.