Sokoto to boost economy with natural resources

The Sokoto State Government has been advised to look inward and utilize its comparative advantage to boost its economy, industrialize and improve the standard of living of its people.

A Professor of Entrepreneurship and Political Economist, Professor Pat Utomi gave the advice in a keynote speech at a three-day management retreat of officials of the Sokoto State Ministry of Finance at Victoria Island Lagos, with the theme: Building The Future Together”

Speaking on the Impact of culture on economic progression and stagnation, Professor Utomi, called for a change in the political culture from an obsessive self love to the common good of all.

The Professor of Entrepreneurship challenged the top managers in the Sokoto State Ministry of Finance to create what he called “the Arena virtue” to ensure sustainable economic development in the State.

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Professor Utomi said “Until we can create conditions where people in public service recognise that the advance of the common good of all is where you find the advance of the individual good, we are going to be challenged to make the kind of progress with the policies we are talking about here; so, my advice to the team from Sokoto, Sokoto has so many natural endowments, say to yourselves, what would we like to dominate the World in, thirty years from now based on those our factual endowments”

Other speakers, including a former Chairman of the Federal Inland Revenue Service, Mrs Ifueko Okauru-Omoigui called for attitudinal change amongst
civil servants and harped on the need to specify what each and every tax would be used for to encourage more people to pay tax.

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In a message, the Governor of Sokoto State, Alhaji Aminu Tambuwal who listed various development projects cutting across road construction, education, health, Agriculture, capacity building and financial empowerment for the people embarked upon by his administration, explained that they were all geared towards a prosperous future for the State and residents alike.

His message was delivered by the Commissioner for Finance, Abdussamad Dasuki.

“All of these efforts and more are being put in place to ensure that the lives of our people are better and that government indeed satisfies the basic definition of democracy – of the people, by the people and for the people. With your conscientious contributions, I am convinced that we all would be able to take our dear Sokoto State close to Eldorado, not only for our people but for Nigeria and all of Africa” He said

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The management retreat is deliberating on a wide range of topics including growth opportunities and prospects, regulatory challenges, sustainable contributory pension scheme and effective budgeting.

At the end of the three days, participants are expected to be invigorated with a concise and clear approach to revenue generation and management of financial matters in Sokoto State in a more productive and sustainable manner.

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