Insecurity biggest challenge to investment, says Obi, Commends Catholic Bishops for action


Peter Obi

Former Vice Presidential Candidate of the Peoples Democratic Party (PDP), Mr. Peter Obi, has commended the Catholic Bishops Conference of Nigeria for significantly drawing national and global attention to the worsening security situation in Nigeria.

Obi spoke at the weekend at the sidelines of an International business conference organised by the Nigeria, America Business Forum (NABF) in the USA. He said the peaceful protest by the bishops showed their patriotism and concern for the challenging situation in the country.

Peter Obi

The former Anambra State Governor, according to a statement from his Media Office, charged other critical stakeholders in the country to join the bishops in elevating the insecurity situation in the land for necessary action.

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Obi, who was the keynote speaker at the well-attended forum, said that “what Nigeria desperately needs now is investment, especially Foreign Direct investment, to reboot her declining economy and create employment for her teeming unemployed youths.

But nobody will be attracted to invest in an unsecured or lawless environment.”

He said that the unemployment situation in the country is so frightening, noting that any nation unable to engage its teeming educated youths would surely have issues with social vices like crimes and criminalities.

Obi regretted that “Ghana whose entire population is less than 20% of our population is attracting more Investment and attention than Nigeria with all its abundant capital and material resources.”

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He said that all the attendees he spoke to personally had one or two worries: security/law and order. He urged government to aggressively tackle the situation.

The conference, which had as theme, ‘Improving Nigeria’s Economy: Challenges and Opportunities’, attracted top Nigerian professionals and entrepreneurs residing in USA. Others included state governors, top government officials, diplomats, captains of industry and the Chairperson of the Nigerian Diaspora Commission, Hon. Abike Dabiri.

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