The presidency on Monday said the insecurity challenges
bedeviling Nigeria will not stop foreign investors from coming
into the country to do business.
Femi Adesina, Special Adviser on Media and Publicity to the
President, made the statement during an interview on
Channels Television, saying real investors know that it is
during challenging areas that vast opportunities abound.
Speaking on the benefit of President Muhammadu Buhari’s
four-day official trip to Dubai, the United Arab Emirates,
where he attended Expo 2020 Dubai, an event aimed at
creating an environment for Nigerians to join over 190
countries to forge true and meaningful partnerships, Adesina
said the president is right when he said that Nigeria is
Africa’s most viable investment destination.
When asked if investors will be willing to come and invest in
Nigeria despite the current security challenges, Adesina said,
“If you were thinking like an investor, you will know that it is
in challenged areas that it is best to invest. Because when
you invest in challenged areas, you go in at very attractive
rates because of those challenges and when those challenges
are surmounted, you will then make a lot of quick returns on
Imagine those who invested in telecoms at a time Nigeria
was not even an attractive destination. We were under
military rule. Do you know the returns they receive today, 20
to 22 years after? Because they are hardcore investors. They
could see beyond the façade, so they knew that this was a
place to go into because they saw the future. If you begin to
see with the eyes of an investor, you will know that it is in
time of challenges that you need to go certain places and
The presidential aide also listed other things that the Federal
Government has put in place to attract investors to the
country such as provision of infrastructure, ease of doing
business and business friendly policies that will enhance
“All the things that conduce to investments are being done in
Nigeria. One is infrastructure. Infrastructure will promote and
enhance investments. Another one is the relevant laws.
Nigeria has been changing all its laws. Ease of doing
business, you know how many steps in the ease of doing
“Policies that are meant to attract investors. Look at the PIA,
you will see a potpourri of things for potential investors in it.
And then our market. It is heavy strength. A market of 200
million is heavy for any investor.
“Many other things that will be very good for investors,
Nigeria has it in abundance. So, that is why the president has
been marketing the country from Riyadh, an investment
forum, to Paris, also investment, then to Dubai. The president
will continue to market Nigeria”.
“What I am saying is that investors see beyond now. They will
know that yes, Nigeria has security challenges, but is that all
there is to Nigeria? By no means! That is not all there is to
Nigeria. There are other things in Nigeria which attracts
investments. They will look at those things and they will
come in despite the security challenges, knowing that the
challenges will not last forever. The challenges will be
“Security is an issue that will be solved and that is why the
president told the investors that keep an open eye on Nigeria.
Because these security challenges will be surmounted and we
will get there”, he said.