Former Governor of the Central Bank of Nigeria Sanusi Lamido says that that for Rivers State to achieve economic development and prosperity, the state must embrace innovations and reforms that will make the state attractive for investment.
According to him, sitting on oil or any natural resources is not enough for economic development.
Delivering his keynote address at the Rivers State Economic and Investment Summit, Sanusi Lamido said the state must focus on human capital development and strengthen the capacity of institutions to ensure quality in thinking and skills of the population that will meet the needs of the 21st century.
Other recommendations made by the former central bank governor include a strategic infrastructure backbone, institutional reforms to nurture a business-friendly environment, an efficient judicial system, and a sensible tax policy.
Rounding up his presentation, Sanusi Lamido also reminded Rivers State of the need to collaborate with other sister states in the South-South geo political zone.
The Rivers State Investment Summit which seeks to find ways of unlocking the vast potentials of the state as one of the leading investment destinations, is being attended has byinvestors, local and international experts brainstorming on how set objectives can be achieved.
Editor Oloyede Oworu
