Rich Northern Elite Investing Their Wealth In South – Ex-ABU VC
The North has the people and the resources to build a thriving economy, but much of the wealth generated by its elite is being invested outside the region, former Vice-Chancellor of Ahmadu Bello University (ABU), Prof Daniel Iyorkegh Saror, has said. Saror, who spoke on Reminiscences, a Trust TV programme, specifically pointed to the South, […]
Former Vice-Chancellor of Ahmadu Bello University, Prof Daniel Iyorkegh Saror, has criticized wealthy Northerners for investing their profits outside the region instead of employing the growing population in the North. Speaking on a Trust TV programme, Saror highlighted the disparity between the economic prosperity of Northerners and the lack of job opportunities in their own communities.
He pointed out that while Northerners make good money, they are not channeling enough investments back home, leading to a lack of private industries to absorb the workforce. His comments came amid efforts to promote investment and industrial development in Northern Nigeria. Agriculture remains a significant economic sector, and investors are exploring opportunities in processing, logistics, and other value chain aspects.
However, Saror argued that reversing the trend of underdevelopment requires the North to invest directly in its population, focusing on agriculture, education, healthcare, and productive enterprises. The former ABU vice-chancellor also highlighted the influence of ethnic and religious factors and banditry as obstacles to progress in the region.
He emphasized the need for the North to become its own "brother's keeper" and convert resources into productive economic activity.
Written by urgent.news from Daily Trust's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
