Former Vice President and 2023 presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has emphasised the importance of peace and security in attracting investment and accelerating economic growth in Nigeria.
Speaking at the Taraba International Investment Summit (Taravest) in Jalingo on Wednesday, Atiku highlighted the immense economic potential of Taraba State, especially in agriculture, solid minerals, and tourism. He stressed that realising this potential would require the creation of a stable and secure investment environment.
“Peace, security, and stability in host communities are critical determinants of investment flows,” Atiku said.
He urged the government to implement measures aimed at addressing investment risks and eliminating policy bottlenecks that hinder economic development.
Strategic Partnerships and Investment Climate
Atiku noted that no Nigerian state currently possesses the physical and financial capacity to achieve sustainable growth independently. To bridge this gap, he advocated for robust public-private partnerships that involve the state government, private investors, local businesses, and host communities.
“If Taraba aspires to realise its potential and grow its economy sustainably, it must endeavor to leverage private sector resources — including finance, skills, and technology,” he stated.
He added that targeted private sector investments would not only drive economic diversification but also help boost internally generated revenue and reduce reliance on federal allocations.
Institutional Efficiency and Human Capital
The former vice president stressed the role of efficient institutions and the provision of quality infrastructure in attracting investment. He called for consistent policy direction and a clearly defined investment generation strategy with measurable objectives.
Atiku also underscored the importance of skill and technology transfer, stating that it would enhance local productivity and competitiveness.
“Investment in education and healthcare services will help develop the capacity and competencies of the state’s human resources,” he added.
Inclusive Development and Social Impact
Atiku argued that increased investment would allow states like Taraba to provide better social and economic services to citizens, particularly the poor and vulnerable.
“Taraba will be able to upgrade infrastructure, support economic growth, and ensure equitable resource distribution to minimise poverty,” he said.
Commendation for Taraba’s Economic Vision
He commended the Taraba State Government for its vision of building a prosperous, united, and secure state, calling the summit a step in the right direction toward economic diversification and sustainable development.
“This initiative to gather investors, both domestic and international, along with development partners under one roof, aligns with your development goals,” Atiku said in his closing remarks.
