Falana advocates govt's support for local investors

A Lagos based lawyer and human rights activist, Femi Falana, has urged governments at all levels to encourage local investors by providing necessary incentives in a bid to grow the economy.

Falana, who noted that greater attention were being paid to foreign investment with little encouragement to local enterprises, said that the growth and development of industry could be fast tracked through provision of incentives and enabling environment.

He spoke in Ado-Ekiti, the Ekiti State capital on Friday shortly after a facility visit to the multi-million naira Prosperous Royal Hotel and Resort Centre.

Describing investment as a legitimate way of securing the future, Falana said the setting up of standard relaxation centre in Ekiti State was right in view of the growing status of the state as a tourist and investment destination.

He said, 'In a way, this investment goes a long way in demonstrating the sense of patriotism and love which the proprietor of the hotel, Mr. Gabriel Abiodun, has for Ekiti State. I am seizing this opportunity to encourage other stakeholders in this state to emulate the good gesture.

'The greatest lesson for our government, both at the state and federal levels, is to stop junketing around the world looking for investors. The best investment can only be done by our own people.'