Atiku Abubakar, the Peoples Democratic Party’s candidate for president in the 2023 general elections, asserted that a stable and secure business environment will attract both investment and economic growth.
Atiku made this statement during his Wednesday speech at the Taraba International Investment Summit, which was tagged “Taravest,” in Jalingo, the capital of Taraba State.
He claimed that Taraba’s economy has significant potential for investment and could be improved to enable the development of a stable and secure investment environment.
He urged the government to take steps to reduce investment risks and close bottlenecks and identified agriculture as key factors in the state’s development.
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The government is urged to take steps to address investment risks, implement interventions, and stop bottlenecks, according to the statement.
He said that host communities’ “poverty, security, and stability” are key factors in the direction of investment flows.
He suggested that the government should focus its efforts on attracting investment through well-designed, well-defined goals, objectives, and strategies as well as well-defined, cogent, and consistent policy measures.
According to Atiku, effective institutions would transform the way that infrastructure is delivered, improve the availability, and maintain the foundation of sustainable development.
Private and Public Partnerships
No Nigerian state, in his opinion, has the resources to support economic growth and maintain sustainable development independently.
Therefore, he claimed that addressing resource gaps and utilizing the state’s potential to facilitate investments was essential by developing strategic partnerships between the state, private investors, local businesses, and communities.
Additionally, the former vice president asserted that private investments would increase internal revenue by bridging the gap between external resources and by reducing internal resource gaps.
Indeed, he said, Taraba must work with private sector resources, including, as Aliko Dangote put it, finance, skills, and technology, to realize its potential and sustainably grow its economy.
I am aware that domestic and foreign investment drives economic growth and development as a private businessman.
The state will benefit from private investments, which Taraba is renowned for, to leverage and maximize the economic potential of its agricultural, industrial, and solid mineral sectors. This initiative aims to provide inclusive growth and lay the groundwork for a diversified economy.
Atiku emphasized the value of skill and technology transfer, which, in his opinion, could boost local businesses’ productivity and boost their competitiveness.
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“Taraba will be able to upgrade the social and economic infrastructure to promote human capital development and economic growth.
The state’s human resources workforce will be strengthened by investments in education and healthcare services.
“Tarab will better support the poor and the vulnerable by empowering them, improving their access to basic services, and ensuring an equitable distribution of resources to reduce poverty,” he continued.
However, the governor was commended for his deft actions that were clearly demonstrated in the former vice president’s favor of economic growth, prosperity, and raising living standards.
Source: Channels TV
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