The Sokoto State Governor Aminu Waziri Tambuwal is soliciting for the support of local investors to invest in the state and help in bolstering its economy and that of the nation at large.
The governor made the plea Tuesday while receiving Northern States Coalition of the Chamber of Commerce, Industries, Mines, and Agriculture (NOSCCIMA), led by its President, Abubakar Jinjiri Abubakar, at the Government House, Sokoto.
He said: “No investor could be better investor than the local investors, as the people in the country have enough resources to invest.”
In a statement by the governor’s Special Adviser on Media and Publicity Muhammad Bello, Tambuwal was quoted as saying that all efforts to woo foreign investors might not yield the desired fruit as a result of the challenges of insecurity and bad governance.
“When you don’t have respect for the rule of law, who will come and invest? Investors are interested in ensuring that their businesses can be protected,” Tambuwal added.
The governor further added that investors from the local environment are more familiar with the terrains and challenges, hence, they are the people who are supposed to be encouraged.
He also said that the only plausible measure is to convince the foreign investors to come to the urgent aid of their own local partners.
Tambuwal explained that his administration is friendly with all the people willing to invest in the state, both foreign and local.
He added: “It is not difficult to come to Sokoto and acquire land and get all the incentives required to engage in your businesses.”