₦airaland Forum

Kio Amachree,
Letters from Stockholm,
12th October 2026.

For months I have warned Nigerians about the financial relationship between Bola Ahmed Tinubu and his longtime Lebanese associate, Gilbert Chagoury. I have questioned the contracts. I have questioned the absence of competitive bidding. I have questioned why a man with a documented money-laundering conviction connected to the Abacha regime sits at the centre of the most expensive infrastructure project in Nigeria's history.

Today the government has answered me, though not in the way it intended.

On 12th October 2026, the Minister of Works, David Umahi, confirmed that the Lagos–Calabar Coastal Highway will no longer be built as a new coastal road beyond Ondo. It will instead be routed onto the existing East–West Road. The terrain, he now tells us, contained pits more than 100 metres deep. The new alignment, he says, will avoid excessive construction costs.

Excessive costs. On a project the government itself priced at $13 billion. Discovered after the contract was signed, after the financing was raised, after communities were demolished and after construction began.

A coastal highway that does not follow the coast is not a coastal highway. It is a different project wearing the same name, the same contractor and the same price tag.

THIS IS NOT THE FIRST TIME THE ROAD HAS MOVED

Nigerians are being asked to treat this as a one-off engineering adjustment. It is nothing of the kind. It is the fourth fundamental change to a project that was sold to the public as fully designed and fully costed.

The road was cut from ten lanes to six. Umahi announced this himself, promising a "lower cost." Nigerians have never been shown the revised contract sum. A road reduced by forty per cent of its width ought to be reduced in price. Where is the new figure?

The road was rerouted inside Lagos. After MTN complained about its subsea cable, Umahi admitted the government abandoned not only the new alignment but the gazetted alignment too, and invented a third path, rejoining at kilometre 25. A gazetted route is a legal instrument. Who amended it, and under what authority?

The road was extended to Edo by telephone. In October 2025, Umahi stood in Benin City and told the Governor that Edo was never part of the original alignment, that the president called him and ordered its inclusion, and that "the president has given you 100km." A hundred kilometres of national highway, worth billions, allocated by a phone call and announced at a gala night. That is not engineering. That is patronage.

And now the road is leaving the coast altogether.

Four changes. One contractor. One beneficiary. And not one revised contract, revised cost or revised feasibility study published to the people paying for it.

THE FIGURES THE GOVERNMENT WOULD PREFER YOU NOT TO ADD UP

FIRST: THERE WAS NO TENDER.

Umahi admitted in 2024 that Hitech Construction did not participate in any open competitive bidding. He justified this on the grounds of the company's specialised experience. In plain language: a company owned by the president's close associate received the largest road contract in Nigerian history through a negotiated award, with no rival bidder, no price competition and no independent benchmark.

Bloomberg reported in May 2024 that the overall project was estimated at $13 billion, and described Chagoury as Tinubu's confidante.

SECOND: THE FIRST 47 KILOMETRES COST MORE THAN A TRILLION NAIRA.

The Bureau of Public Procurement reviewed a contract price of ₦1,067,887,381,148.61 for the first 47.474 kilometres. That is approximately ₦22.5 billion per kilometre, for a road that runs across flat Lagos sand. Hitech's original proposal was ₦1.102 trillion before a reduction of ₦33.88 billion, which the government presented as prudence. A three per cent trim on a price nobody competed against is not prudence. It is theatre.

THIRD: THE DEBT IS ALREADY SIGNED.

On 9 July 2025, the Federal Ministry of Finance announced a $747 million syndicated loan for those first 47 kilometres, coordinated by Deutsche Bank, with First Abu Dhabi Bank, Afreximbank, the Abu Dhabi Exports Office, the ECOWAS Bank for Investment and Development, Nexent Bank and Zenith Bank. The Ministry named Hitech as the contractor under an engineering, procurement, construction and financing arrangement.

Understand what this means. A foreign contractor arranged the financing for its own contract, and Nigeria now owes international lenders for a project whose scope, width and route the government has changed four times since. The lenders will be repaid in full. The only party whose entitlement has shrunk is the Nigerian public.

How much of the $747 million has been drawn? At what interest rate? Against what collateral? With what sovereign guarantee? The Ministry has published a press release. It has not published the facility agreement.

FOURTH: THE ENGINEERING EXCUSE DOES NOT SURVIVE CONTACT WITH THE CALENDAR.

Umahi says the coastal terrain holds pits over 100 metres deep. Either the government knew this before it signed a $13 billion commitment, in which case it misled the public about the viability of the coastal route. Or it did not know, in which case it signed a $13 billion commitment without a geotechnical survey of the ground it intended to build on.

There is no third possibility. Both are disqualifying.

Where are the feasibility studies? Where are the geotechnical reports? Who certified the original alignment as buildable? What has the redesign cost, and who was paid to do it? And the question that matters most: if Hitech was contracted to build a coastal road and is now rehabilitating an existing inland one, why is the contract value not falling?

THE MAN AT THE CENTRE OF IT

Gilbert Chagoury was convicted in Switzerland in 2000 in connection with laundering money for the Abacha regime. He paid a fine and agreed to return approximately $66 million to Nigeria. The conviction was later expunged, but the facts that produced it were never in dispute. In 2021 he paid $1.8 million to resolve a United States investigation into illegal foreign campaign contributions.

These are matters of public record.

A past conviction does not prove a present crime. But a man who once agreed to return $66 million taken from Nigeria is now the recipient of a contract worth two hundred times that sum, awarded by his close friend the president, without a tender, financed by foreign debt, on a road whose route and dimensions keep changing in ways the public cannot audit.

If this arrangement is honest, it is the most carelessly structured honest arrangement in the history of Nigerian procurement.

UMAHI HAS ALREADY GIVEN HIS ANSWER. IT IS NOT GOOD ENOUGH.

Standing in Ilaje last month, the Minister insisted the realignment was "not influenced by private interests" but by engineering realities. I note that he felt the need to say it. I also note that he offered no document to support it.

A minister's word is not an audit. A television interview is not a bill of quantities. And "trust me" is not a procurement procedure.

THE COMMUNITIES THAT WERE PROMISED A COAST

This highway was sold to the people of Ondo, Delta, Bayelsa, Rivers and Akwa Ibom as a coastal transformation: ports, tourism, markets, jobs. Properties were demolished on that promise. Compensation, by the government's own account, has run into billions of naira. The people of Okun-Ajah and Lekki were moved for a road that would reach the sea at Calabar.

Now the coast is being quietly abandoned, and the Niger Delta communities who expected a new artery will get a raised version of a road they already have. Nobody has told them. Nobody has asked them. They are discovering it, as I did, from a ministerial statement.

I WANT A FORENSIC AUDIT, NOT ANOTHER SPEECH

I am calling for the immediate publication of every signed contract, every amendment, every revised bill of quantities, every payment certificate, the full Deutsche Bank facility agreement, and the detailed maps of the original, gazetted and revised alignments.

I want the National Assembly to determine whether the procurement approvals granted for a ten-lane coastal highway can lawfully cover a six-lane inland rehabilitation.

I want the Auditor-General to establish exactly how much public money has been spent and on what.

I want the EFCC to examine the award, the pricing, the beneficial ownership of every company in the chain, and every payment made.

I want the Bureau of Public Procurement to explain how it certified a trillion-naira price with no competing bid to measure it against.

And I want Tinubu and Umahi to answer one question in writing: if the road has shrunk, why has the bill not?

IF EVERYTHING IS LEGITIMATE, PUBLISH THE DOCUMENTS. IF THE DOCUMENTS CANNOT BE PUBLISHED, NIGERIANS ARE ENTITLED TO DRAW THEIR OWN CONCLUSIONS.

I have not accused anyone of theft. I do not need to. The government has done something more damaging to itself than any accusation of mine: it has demonstrated that it does not know, or will not say, what it is building, where it is building it, how wide it will be or what it will finally cost. And it has handed that uncertainty, uncontested, to a man whose name Nigeria has already seen on a Swiss money-laundering judgment.

A $13 billion project. The president's closest business associate. No tender. Foreign debt arranged by the contractor. Four changes of scope. Zero published documents.

Nigeria is not a private cash machine for the politically connected.

WHERE IS THE MONEY?

WHERE IS THE COAST?

WHO ORDERED THE CHANGES?

AND WHO IS ACCOUNTABLE FOR EVERY NAIRA?

Until those questions are answered with independently verifiable documents, this highway stands as a monument not to Renewed Hope, but to everything Nigerians were told had ended.


https://x.com/Ivory1957/status/2109652790419018146

It seams the major reason for the coastal highway was for capital embezzlement. Those who spoke out against it are now vindicated.

APC unleashed its army of slaves and pigs on Donald Duke for daring to say the Lagos–Calabar Coastal Highway wouldn’t go much beyond Lagos. Now, reality is exposing the propaganda merchants.

Bola Tinubu came to steal, kill and destroy. Reject APC at all levels. pic.twitter.com/xR0OtOVPCq

— iDAN 🦸🏽 (@dangbanamanager) October 11, 2026

Coastal Road: Dave Umahi is Living in Bondage by Dr Ugo Egbujo.

Someday a tribunal will sit on the coastal road project.
Nothing can be hidden under the sun. A president awarded a multi trillon naira project to his business partner. The project had barely started when they suddenly discovered there were telecom lines on the route.

~ A multi trillion naira project
~ No surveys
~ No tender. No bidding . No costing
~ And the minister wouldnt answer any questions

The minister had said the contractor would source all the money. Then he changed and said the country would contribute 15-30%. He wasnt even sure of the exact percentage contribution

Then suddenly the FG threw over a trillion into the project. When a yound lady dared to ask if there was an environmental impact assessment, Umahi mocked her.

Two weeks later Umahi said they didnt know there were telecom lines on their path.

Rufai Oseni asked what the cost per kilometer was. Umahi dismissed the legitimate question as illiterate.

A few days later Umahi announced that the scope of the project had been reduced. It was no longer a total of 10 lanes. It would now be six lanes. Just like that.

The entire thing was arbitrary, haphazard, shifty.

When Obi said the road was a wrong priority for a country whose existing roads were crumbling. Saying the road would require 30 years for completion. Tinubu and his men scoffed at him.

When Amaechi said he would stop the road and fix the East West road first, they mocked him.

Now Umahi has childishly confessed that the day Tinubu approved the re-routing of the road to the East West road was the best day of his life. Guy must have be living a miserable life.

A few days ago he had told us that he chose the project and chose the contractor without any prompting from Tinubu. He wanted to fool us into believing that Tinubu didnt award the contrat to his business partner

If the best day of his life is now the day Tinubu agreed to a partial discontinuation of the coastal road, then Umahi has been living in bondage all the while.

But the joke is on the clown.

Because most of the entire country knew that Tinubu was only interested in the Lagos-Ogun corridor

And he wasn't going to complete no coastal road.

https://x.com/ruffydfire/status/2109649894625472820

Christistruth03:
That is fake News Seyi Tinubu has no business with the coastal highway
Does the Calabar/Akwa Ibom section of the highway look fake to you too?

Go get a life!

Why is the drug baron always hiring lawyers to cover up records? If he hires lawyers to cover up his past criminal records, I understand. Why hire lawyers to prevent the release of information about the so-called coastal highway? Is that one also his private property?

The looted the treasury for the so-called coastal highway. Now they hire lawyers to defend the loots in court. Criminals.

JUST IN
The Attorney General of the Federation, Lateef Fagbemi has hired 6 SANs and 13 junior lawyers to help defend Tinubu, Chaugaury and Seyi Tinubu in court over the Coastal Road Scam.

They are blocking the court from releasing the details of the contract as requested under…

— Jude Heavenly 🇳🇬🇱🇷 (@JudeHeavenly) October 12, 2026

Gang of thieves

pic.twitter.com/1ZpHbAUHOM

— oseni rufai (@ruffydfire) October 12, 2026

Great contribution. I have bookmarked this for future reference.

Business nugget:
If your business depends entirely on your motivation, you don't have a system yet. Build processes that keep moving.

Sirrules:
Can you pls, show us where exactly, Putin said that, he'll take over Ukraine in two weeks?

Go and get a life!
The Russian bully is a disgrace to world powers.

Putin Boasts of Being Able to Take Kiev in 2 Weeks
https://time.com/3259699/putin-boast-kiev-2-weeks/

1) Trump wants to buy diesel from Russia, and asked Zelensky to conduct elections for a new government in Ukraine to end the war. How do you conduct election in a country that is at war?

2) Zelensky told Trump if he wants election in Ukraine he should tell Putin to consider a 60-day ceasefire to conduct election.

3) Putin rejected the 60-day ceasefire.

The joke is on Trump.

Zelensky remains in power to disgrace the bully called Putin. Putin bragged he would remove Zelensky and take over Kiev, a sovereign nation, in two weeks.
5 years after, Zelensky is proving he is not a push over, Trump or no Trump.


https://www.youtube.com/watch?v=3xdgprhLtXw?si=I-s1Q38G4TCmQqNm

The court case was a jamboree in the first place to divert attention from Femi Gbajabiamila. Now that Nigerians have moved to something else like the current discussion on Tinubu’s coastal highway of corruption, the case would die a natural death.

They loot the treasury, and hire lawyers to defend the loots in courts. Their days are numbered.

JUST IN
The Attorney General of the Federation, Lateef Fagbemi has hired 6 SANs and 13 junior lawyers to help defend Tinubu, Chaugaury and Seyi Tinubu in court over the Coastal Road Scam.

They are blocking the court from releasing the details of the contract as requested under…

— Jude Heavenly 🇳🇬🇱🇷 (@JudeHeavenly) October 12, 2026

The loot the treasury, and hire lawyers to defend the loots in court.

JUST IN
The Attorney General of the Federation, Lateef Fagbemi has hired 6 SANs and 13 junior lawyers to help defend Tinubu, Chaugaury and Seyi Tinubu in court over the Coastal Road Scam.

They are blocking the court from releasing the details of the contract as requested under…

— Jude Heavenly 🇳🇬🇱🇷 (@JudeHeavenly) October 12, 2026

Coastal highway of corruption.

JUST IN
The Attorney General of the Federation, Lateef Fagbemi has hired 6 SANs and 13 junior lawyers to help defend Tinubu, Chaugaury and Seyi Tinubu in court over the Coastal Road Scam.

They are blocking the court from releasing the details of the contract as requested under…

— Jude Heavenly 🇳🇬🇱🇷 (@JudeHeavenly) October 12, 2026

New Netflix movie: The Gospel of Christmas — A struggling pastor fights to save his church, family, and community during Christmas.

Business nugget:
The strongest businesses aren't built overnight. They're built one useful decision, one customer, and one improvement at a time.

Kemetian:
TELL YOUR ROTTEN AMERICAN HYPOCRITES TO TACKLE THE CORRUPTION OF TRUMP, WHO IS OPENLY CORRUPT, BEFORE POKE-NOSING THEIR PINK NOSES INTO NIGERIA'S BUSINESS.

OKAY?

BECAUSE THE AMOUNT TRUMP AND HIS HENCHMEN ARE LOOTING FROM AMERICA IS MIND BOGGLING, AND FAR SURPASSES ANY CORRUPTION IN ALL AFRICA COMBINED, INCLUDING NIGERIA.

PENTAGON CANNOT ACCOUNT FOR 60% OF ITS 4.6 TRILLION DOLLAR BUDGET.

THAT'S ALMOST 3 TRILLION DOLLARS MISSING!!

https://www.reuters.com/world/us/pentagon-fails-eighth-audit-targets-2028-pass-pentagon-says-2025-12-19/

We have long concluded that President Bola Tinubu and co. live in perpetual delusion. Despite a reported $9 million Washington D.C. engagement, here are just a few reminders:

* President Donald Trump and members of Congress are now fully aware of allegations that Nigerian President Tinubu was part of a criminal organization that smuggled heroin from Nigeria into the United States during the 1980s and 1990s.

* President Tinubu’s planned UN meeting with President Trump blocked.

* The effort to secure a photo-op with President Trump and President Tinubu blocked.

* The push for a Tinubu White House meeting blocked.

* The effort to secure U.S. support for Tinubu’s presidential campaign against other candidates blocked.

* Congressional leadership support for President Tinubu blocked.

* The U.S. gained access to $700 billion in mines while President Tinubu got nothing. Achieved.

* Congressional bill targeting President Tinubu's government and election integrity introduced.

* President Tinubu classified as a liability. Achieved.

Dear President Tinubu, by God's grace, we are only just getting started. You allegedly smuggled heroin (poison) into our country. We will not stop until you are one day indicted and join Nicolás Maduro. That is a promise.

https://x.com/batten_von/status/2109438621962879250

HacheNoire:
Nairaland mods are allowing fake news to engulf this forum.

Nairaland and its members are familiar with the antics of people like you. The US report about Nigeria is mentioned in this video.

https://www.youtube.com/watch?v=xwWC_0aUcDY?si=TGf_AkPlF4GYdPof

RealityKings1:
What happened to your bigkoko moniker

I ain't Bigkoko. Check Bigkoko's signature and mine before you draw conclusions.

Putinofrussia:
How did you miss these for 2024?

U.S. President Donald Trump praised Nigerian President Bola Tinubu in a July 6, 2026 letter for his decisive leadership against terrorism and his efforts to protect Christian communities, marking a major warming of bilateral ties.

Key Recent U.S. Praises and Cooperation

• Trump's Letter to Tinubu (July 2026): U.S. President Donald Trump commended President Tinubu's leadership and noted the deployment of U.S. Special Operations Forces (including Navy SEALs) to assist the Nigerian military with training, intelligence sharing, and counterterrorism operations. This followed earlier threats from late 2025 regarding Christian persecution claims.

How did you miss Bola Tinubu 2023 Campaign Promises?

• Create 1 million new jobs in the ICT/digital economy within the first 24 months.
• Achieve GDP growth of at least 6% and significantly reduce unemployment.
• Make electricity more accessible and affordable and nearly double power generation.
• Improve electricity transmission and distribution networks.
• Strengthen national security and combat terrorism, kidnapping, banditry and violent crime.
• Recruit, train and better equip additional military, police, paramilitary and intelligence personnel.
• Promote domestic manufacturing and reduce dependence on imports.
• Reform taxation and reduce multiple taxation and other barriers to investment.
• Ensure investors and foreign businesses can repatriate dividends and profits.
• Increase domestic crude-oil production, with a target of 2.6 million barrels per day by 2027 and 4 million by 2030.
• Modernize and expand airports and improve aviation safety and infrastructure.
• Establish and enforce timely maintenance of airport runways and other aviation infrastructure.
• Continue plans to establish a new national carrier.
• Reform education and improve access, quality, funding and competitiveness.
• Recruit and improve the training and welfare of teachers.
• Establish a student-loan system to expand access to tertiary education.
• Reform technical and vocational education, including training in IT, software development, artificial intelligence and robotics.
• Create agricultural hubs to increase production and value-added processing.
• Improve agricultural storage and reduce post-harvest losses.
• Expand healthcare infrastructure and improve access to primary healthcare.
• Work toward ensuring that Nigerians live no more than 3 km or a 30-minute walk from a primary healthcare facility.
• Upgrade and equip hospitals across Local Government Areas, states and geopolitical zones.
• Expand existing social investment programmes and introduce additional programmes for youth and women.
• Increase women's participation in government, with a stated goal of at least 35% of government positions.
• Promote digital technology, innovation and entrepreneurship as drivers of economic growth.
• Support Nigeria's creative industries, sports and cultural sectors.
• Reform the judiciary to strengthen independence, integrity, effectiveness and access to justice.
• Give greater responsibilities and resources to state and local governments through constitutional and fiscal reforms.
• Improve infrastructure, including roads, water supply, irrigation and other national development projects.
• Work toward making potable water more accessible nationwide.
• Complete the Great Green Wall of the North.
• Promote food security and increase agricultural production.
• Use fiscal and industrial policies to stimulate economic growth while reducing import dependence.

First Inaugural Address by President Bola Ahmed Tinubu Delivered on May 29, 2023 at the Eagle Square, Abuja
https://statehouse.gov.ng/first-inaugural-address-by-president-bola-ahmed-tinubu-delivered-on-may-29-2023-at-the-eagle-square-abuja

helinues:
Are you this confused? Someone asked you to post a verified source, you posted USA official page , we disputed what was written there yet you are coming again with your unverified source.

Databoy, you and who disputed the fact that there is serious corruption and insecurity in Nigeria that affect the business climate? You mean the usual lies and distorted data by the Tinubu’s aids, and databoys?

https://nnnewsmedia.com/do-not-invest-under-corrupt-tinubus-insecure-govt-trump-warns-american-investors/

helinues:
Where did you get your headline from? I have issue with dishonest people

The United States Government has warned American investors and business executives that routine business trips to Nigeria could result in detention, particularly where their companies are involved in regulatory investigations, tax disputes or other disagreements with Nigerian authorities.

The warning was contained in the latest 2026 Nigeria Investment Climate Statement by the US Department of State, which raised concerns over the alleged use of arbitrary detention, travel restrictions and immigration enforcement to pressure foreign businesses operating in Nigeria.

https://parallelfactsnews.com/trump-warns-us-against-investing-in-nigeria/


https://punchng.com/us-warns-business-executives-against-detention-risks-in-nigeria

https://www.state.gov/reports/2026-investment-climate-statements/nigeria

https://thetrumpet.ng/us-warns-american-investors-about-insecurity-corruption-port-delays-in-nigeria

helinues:
Why are the people like op just like to be peddling fake news all the time?

That was general assessment of Nigeria in 2024 which security was also mentioned as one of the challenges we are facing

Please where precisely in the report did USA warn investors coming to Nigeria?

October 10, 2026

https://parallelfactsnews.com/trump-warns-us-against-investing-in-nigeria/

helinues:
It was even a general assessment of Nigeria as at then.. Security was also mentioned.

The op just deliberately to be mischievous as usual

Databoy, was the general assessment positive or negative?

2024 Investment Climate Statements: Nigeria

"Security remains a concern to investors in Nigeria due to violent crime, kidnappings for ransom, and terrorism in certain parts of the country. The ongoing Boko Haram and Islamic State in West Africa (ISIS-WA) insurgencies have included attacks against civilian and military targets in the northeast of the country. Nigeria has experienced a rise in kidnappings for ransom and attacks on villages by armed gangs in the North West and North Central regions. Criminal attacks on oil and gas infrastructure in the Niger Delta region that restricted oil production in 2016 have eased, but high levels of illegal bunkering and oil theft have left the sector in a similar state of decreased output."

Putinofrussia:
This is stale.
It is an old news.
2 years ago.

Do you even read at all?
So all the insecurity, corruption cases, and many companies leaving Nigeria due to the unfavorable business conditions in the past three years are stale news that should be ignored.

Still living in denials? Is the report different from the realities on ground?

2026 report:
https://parallelfactsnews.com/trump-warns-us-against-investing-in-nigeria/

2024 report:
https://www.state.gov/reports/2024-investment-climate-statements/nigeria

Putinofrussia:
Post a genuine source,sir.
President Tinubu seems to be the best at the moment.
Let us pick the activities of fed govt by sectors and compare with a President or Head of state so we can see who performs more than the other.
I can beat my chest that President Tinubu beats all of them hands down in most sectors.
The main 2 problems President Tinubu has are the legacy insecurity and the global high cost of living which was worsened by the removal of subsidy.

It appears such warning would favor the Chinese that are interested in investing in Nigeria. It's only the Chinese that would ignore the insecurity and corruption cases in Nigeria, provided they have their hands on the natural resources.

The United States government has identified corruption, insecurity, regulatory uncertainty and inefficiencies at Nigerian seaports as major challenges that could discourage American investors from doing business in Nigeria.

According to a report published by Parallel Facts on October 10, 2026, the concerns were highlighted in the US Department of State's 2026 Investment Climate Statement on Nigeria.

The department said Nigeria’s investment environment had been shaped by the outcomes of what it described as “painful but necessary” structural reforms introduced by the Bola Tinubu-led government. It noted that the removal of fuel subsidies and the liberalisation of the foreign exchange market initially triggered significant economic volatility.

Insecurity Remains a Major Concern

The US assessment identified insecurity as a major obstacle to investment, particularly in agriculture, mining and other sectors vulnerable to attacks by armed groups.

Although attacks on oil infrastructure in the Niger Delta have declined, oil theft and illegal bunkering remain persistent problems.

In northern Nigeria, the continued activities of terrorist groups and armed gangs pose additional risks to businesses, workers and investors.

Concerns Over Treatment of Foreign Executives

The report also highlighted the risks foreign business executives could face during regulatory disputes.

It referenced the 2024 detention of Tigran Gambaryan, an American citizen and Binance executive, who spent nearly eight months in Nigerian detention.

According to the assessment, cases involving detention and restrictions on movement could make foreign executives more cautious about operating in Nigeria.

Port Inefficiencies Affect Businesses

Another major concern is the inefficiency of Nigeria's seaport operations.

Delays in cargo clearance, administrative bottlenecks and other operational challenges can increase the cost of importing raw materials, machinery and other essential goods.

However, the report acknowledged improvements in port infrastructure, particularly the Lekki Deep Seaport, which reportedly handled $9.6 billion in trade in 2025.

What Does This Mean for Nigeria?

Despite acknowledging signs of economic stabilisation, the US assessment warned that corruption, insecurity, regulatory uncertainty and inefficient public services remain significant considerations for foreign businesses.

The findings raise questions about Nigeria's ability to attract more foreign investment at a time when the country needs capital to expand its economy, create jobs and improve infrastructure.

Foreign investors generally consider security, transparency, regulatory stability and the ease of doing business before committing substantial funds to a country.

Source: Parallel Facts
https://parallelfactsnews.com/trump-warns-us-against-investing-in-nigeria/

What is your opinion?

Do you think the Tinubu administration is doing enough to address corruption, insecurity and other obstacles to foreign investment in Nigeria?

Business nugget:
Every customer complaint contains information. Listen carefully enough and your customers will help improve your business.

Business nugget:
Don't build for applause. Build for usefulness. Applause fades, but useful businesses can compound for years.

Business nugget:
A great product gets attention. A great customer experience turns that attention into loyalty.

What do you expect in a country where criminality is the order of the government. A country where its president is spending millions of dollars to cover up his past criminal records.

Oma39:
I thought the president gave an order that police should not escort VIP. What a lawless country. And the VIP could not stop his car to check on the injured officer