13 February 2018

Nigeria: How Insecurity Dissuades American Investments in Nigeria - U.S. Consul General

Photo: The Guardian
Suicide attack

The Consul General, United States of America, USA, embassy in Nigeria, Mr John F. Bray, has identified security challenge as one of the foremost issues that dissuade the influx of American investments to Nigeria.

He said headline making insurgencies such as the herdsmen-farmers clashes, Boko Haram menace, infrastructure vandalism, kidnapping and hostage-keeping, among other security threats impact negatively on the choice of Nigeria for business destinations.

Bray disclosed this at the Lagos Chamber of Commerce and Industry (LCCI) Meets Business Dialogue session in Lagos, which witnessed the presentations of chief security operatives on how they are matching their functions with the promotion of safe business climate.

He said the prominence of security attacks usually sent panic waves, not just to American companies, but also to other potential international investors.

He, however, acknowledged that despite the challenges, many American firms still take the leap of faith and eventually manage to conduct profitable businesses.

Bray said while some companies just walk away, others carefully access the reality of the situation and create a local security plan to mitigate the potential risks, an initiative he said, uncovers new opportunities for partnership in the country.

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