Insecurity Scaring Foreign Investment, CNPP Tells Tinubu

Conference Of Nigeria Political Parties (CNPP), has encouraged President Bola  Tinubu’s administration to do more of working than talking as “the current decline in Foreign Direct Investment (FDI), into the country will worsen unless the government tackles insecurity and improve in the area of institutionalising the rule of law.”

In a reaction to the president’s new year message, the CNPP said, “It is obvious that investment tops President Tinubu administration agenda but will be very difficult to achieve in the obvious absence of security and rule of law.”

This was contained in a statement signed by the CNPP’s deputy national publicity secretary, Comrade James Ezema.

According to the statement, the CNPP maintained that “though President Tinubu affirmed that on every foreign trip he has embarked on, his message to investors and other business people has been that ‘Nigeria is ready and open for business,’ it is not enough.

“The Tinubu administration has continued to make promises over the past seven months as if the government is campaigning in an election rather than walking the talk.”

RELATED

NAFDAC Seizes N1.7bn Expired, Toxic Chemicals In Lagos

6 minutes ago

EFCC Begins Probe Of Undeclared $420,900, £5,825, CFA 3,946,500 Cash At Kano Airport

6 minutes ago

The group said for the Tinubu administration to succeed, the government and its officials should stop praise-singing and celebration of its achievements as Nigerians can differentiate between a government that is working for them and the one that is not.

It said that it is time to deal with insecurity and end the killing of the innocent in the country, adding that that is the primary purpose of the government; to protect the life and property of the citizens.

The statement added that “upholding the rule of law is an important factor if Nigeria must attract key Foreign Direct Investment (FDI) as no investor will invest in a society where the government does not obey court judgments or where court orders can be procured at the black markets.”