Former Vice President Atiku Abubakar on Sunday called on wealthy indigenes of Adamawa State to come and invest in the state.
Abubakar made the call during the inauguration of Madugu Rockview Hotel in Yola.
According to the former vice president, the only way to develop the state is for the well-to-do citizens to invest in it.
He said: “It is unwise for the wealthy citizens of Adamawa to go somewhere and invest while the state is lacking.
“I, therefore, advice and challenge any well meaning citizen of Adamawa to come back home and invest in order to move our state forward.”
Governor Muhammadu Bindo of Adamawa State expressed concern over the poor investment attitude of people of the state.
Bindo noted that the only way to develop the economy of the state was for its citizens to come and invest in agriculture, mineral explorations and others.
He said: “Another is to move from monthly based oil allocation to agricultural and mineral resources exploration.
“We can only achieve that if the wealthy citizens of the state support us.
“And from government side, we are ever ready to work and encourage those willing to invest in the state.”
The Chairman of Madugu Group of Companies, Alhaji Musa Garba, said the hotel was just a beginning.
Garba said the company had the intention to expand the capacity of the hotel and establish other businesses.
He said the hotel was built on over 6,000 square meters of land and consists of 36 spacious guest rooms.
NAN.
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