Former Vice President, Atiku Abubakar, has said no Nigerian state has the necessary physical and financial space to independently drive growth and achieve sustainable development.
Atiku stated this while speaking at the Taraba International Investment Summit, tagged ‘Taravest,’ in Jalingo, the Taraba State capital, on Wednesday.
According to the presidential candidate of the Peoples Democratic Party, PDP, in the 2023 general elections, building strategic partnerships between states, private investors, local businesses, and communities is critical in addressing resource gaps and unlocking the potential to facilitate investments.
The former vice president further stated that private investments would help bridge the resource gaps through additional external resource flows in increased internally generated revenue.
“As a private businessman, I recognise that investment, foreign and domestic, drives economic growth and development.
“Private investments will assist in leveraging and maximising the economic potential of agricultural, industrial, and solid mineral sectors.”
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He also identified efforts that should direct the government’s efforts in attracting investment to include an investment generation that is well-designed with clear goals, objectives, and strategies, as well as clear, coherent, and consistent policy measures.
Atiku explained that efficient institutions would make all the difference, improve the supply and quality of infrastructure, and hence, are the backbone of sustainable development.
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The former Vice President further emphasised the importance of skill and technology transfers, which he said could lead to higher productivity and improved competitiveness in local enterprises.
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