Develop and Make Your State Economically Viable – President Tinubu

APC-controlled states and other governors have been tasked by President Bola Ahmed Tinubu with developing and making their states economically viable in order to support their election.

At the same time, the president has urged the governors of the various states to follow in the footsteps of Abdullahi Sule of Nasarawa, citing his industrialization campaign as the model for drawing investments to their individual states.

Speaking at the start of a two-day investment summit hosted by the Nasarawa state government in Lafia on Wednesday, Tinubu stated that the time has come for state governors to develop their states and make them economically viable for the nation’s growth and development.

The President, accompanied by Doris Uzoka Anite, Minister of Industry, Trade, and Investment, stated that Nasarawa State was leading the way in the state’s industrialization process, drawing capital to the region and encouraging other state governors to follow the administration’s industrialization initiative.

“Investment in solid minerals and other economic sectors has been a strong point for the Nasarawa State Government and Governor.

Other state governors ought to follow suit and defend the power granted to them.

President Tinubu continued, saying that the recent commissioning of a lithium processing factory in Kama Otto in the Nasarawa Local Government area of the State has strengthened the state’s standing as an attractive location for investments.

“The State has gained prominence as an investment destination thanks to the accomplishments of the Abdullahi Sule-led administration.

In addition to setting the pace, he is stepping up efforts to draw in investment.

The President, who applauded the Nasarawa State Government for organising the Investment Summit, stated that such an endeavour can demonstrate the enormous potential that investors around the world have to access various economic sectors.

Prior to the summit, Abdullahi Sule, the governor of the state, stated that its goal was to chart the course of the state’s economy in order to identify commercial prospects and establish collaborations for investment in various business ventures.

Governor Sule states that the state hosted the inaugural Nasarawa Investment Summit in 2022 with the theme “Diamond in the Rough, the Making of a New Investment Frontier” in an effort to attract investment and showcase the state’s mineral resources and other potentials to prospective investors.

The summit’s results, he continues, also helped to inform the influx of investors who are currently using the resources in the state.

According to Sule, “the results of the Summit conducted in 2022 informed the Avatar New Energy Materials Company Limited in Nasarawa State, the ASGARD Mining and Processing Plant Karu, the Nasarawa Technology Village Project in Karu, and other numerous investments being carried out in the State.”

The governor clarified that his administration will continue the Investment Summit to highlight more reliable mineral resources that potential investors have not yet discovered in order to guarantee the full realisation of the State’s potential.

Governor Sule pledged that his administration will not back down from helping President Bola Ahmed Tinubu achieve economic recovery and strengthen the bond between Nigerians, even as he praised the President for his persistent efforts to steer the nation’s economy towards prosperity.

In order to expand the boundaries of the state’s and the nation’s economic prosperity, he urged development partners to keep making investments in Nasarawa and other federation states.

 

 

 

 

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