₦airaland Forum

Blowing up of gas installations, kidnapping, killings in Nigeria scare foreign investors – Buhari

By Levinus Nwabughiogu

ABUJA – President Muhammadu Buhari on Sunday stated that deliberate explosions, kidnapping and killings in the country were the principal reasons why foreign investors get scared from coming to the country.

The president who spoke during at a town hall meeting with members of the Nigerian community in Doha, Qatar charged Nigerians to be good ambassadors of their country.

He stated that patriotism was what the country needed to grow.

He however said that the Federal Government would continue to create the enabling environment anchored on peace and security for investments in the country.

“We have abundant natural and human resources in the country, including huge oil and gas deposit.

“But the challenge is securing those installations and to persuade some of our countrymen to be more patriotic and stop sabotaging the installations.

“When people are being abducted and some are being murdered, when installations are being blown up now and then, the incentives for people to invest in our infrastructure is quite slim’’.

A statement by Mr. Femi Adesina, the presidential spokesman from Doha on Sunday stated the President Buhari also promised to look into the complaints of alleged blanket denial of visas to families and relatives of Nigerians intending to visit the State of Qatar.

“Like I tell other Nigerians living in other countries, you must be good ambassadors of the country because globally things are quite difficult in terms of security and the economy. “If you have something doing, please hold it tight to your heart and try to improve on it because things are quite difficult all over.

“For us in Nigeria, we are trying to do our best to reduce unemployment and we realised this quite early enough, that is why we campaigned on the diversification of the economy. “We have to go back to agriculture, like in the good old days of cocoa, palm oil, palm kernel, cottons, groundnuts, hides and skins’’.

On the fight against terrorism, the President told Nigerians living in Qatar that the military have made remarkable progress in dislodging Boko Haram terrorists from their previous strongholds in the North eastern part of the country.

“When we came in May 2015, the Boko Haram were effectively holding 14 local governments out of 774 local governments in Nigeria but today they are not holding a single local government,’’ he said.

He said the military and law enforcement agencies were working very hard to prevent and counter Boko Haram attacks on soft targets in the country.

Read more at: http://www.vanguardngr.com/2016/02/blowing-up-of-gas-installations-kidnapping-killings-in-nigeria-scare-foreign-investors-buhari/

Well they are always welcome to invest in other peaceful regions of the country. The "sophisticated area".

Lack of clear economic direction, a corrupt free budget scares investors.

Last2comment:
Lack of clear economic direction, a corrupt free budget scares investors.

The main reason investors are holding back is due to the artificially maintained exchange rate. They are waiting for you guys to devalue so they can pick up assets at a discount.

Watch as hypocritical wailing zombie who shouted free ese make 360 degrees and defend criminality perpetuated in the SS, they will continue to insist tompolo should ignore court summons. We are dealing with unprincipled individuals who by the end of this year would by force of logic stop defending corruption and criminality.

no; accident of geography, president buhari scares them not those guys that want to survive, when I saw that movie blood and oil and other one I forgot the name, I came to realize accident of geography politicians, businessmen, and some high profile militants are responsible.