Business A.M
No Result
View All Result
Sunday, March 15, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Comments

Chasing foreign investors against US security alerts

by Admin
January 21, 2026
in Comments

In the past one week, no fewer than three major countries have issued security alerts or advisories on Nigeria. Within a space of 45 days the United States of America issued two security advisories to its citizens against travelling to and or staying in some locations in Nigeria — the latest being on November 3. The United Kingdom and Canada have also issued similar advisories during the first week in November.  Coincidentally, these security alerts from leading sources of foreign investments into Nigeria are coming at a time that the ‘young’ President Bola Ahmed Tinubu administration is practically ‘combing’ the entire globe for foreign investors.

National Bureau of Statistics (NBS) data show that in the declining trend of foreign investment inflow into Nigeria, in the second quarter of 2023, the U. S. still accounted for the largest chunk of investment inflow into the country. Figures on capital importation into Nigeria by country of origin (Q2, 2023) show that the United States of America occupied the topmost position. During the quarter, with $271.92 million (or 26.39 percent of total capital importation), the U.S. came first, followed by Singapore and the Republic of South Africa with capital importation of $177.44 million (17.22 percent) and $136.95 million (13.29 percent) respectively. However, while occupying this ‘prime’ position in investing in Nigeria, the U. S. in September issued a security alert/advisory to its citizens in Nigeria, warning them not to travel to several parts of the country. It followed this up with yet another alert on November 3.

The U.S. embassy and consulate in Nigeria had on September 20, 2023 issued a security alert on Nigeria, warning its citizens not to travel to about 17 states out of the 36 in the country. The US said: “Reconsider travel to Nigeria due to crime, terrorism, civil unrest, kidnapping, and armed gangs.” The advisory said violent crime — such as armed robbery, assault, carjacking, kidnapping, hostage taking, roadside banditry, and rape — is common throughout the country. It said kidnapping for ransom occurs frequently, often targeting dual national citizens who have returned to Nigeria for a visit, as well as US citizens with perceived wealth.

Further adducing reasons for the security alert, the US Embassy pointed out that terrorists continue plotting and carrying out attacks in Nigeria. “Terrorists may attack with little or no warning, targeting shopping centres, malls, markets, hotels, places of worship, restaurants, bars, schools, government installations, transportation hubs, and other places where crowds gather. Terrorists are known to work with local gangs to expand their reach,” the alert said.

The US September security alert came at a time President Tinubu and his retinue of cabinet ministers were attending the 78th session of the United Nations General Assembly (UNGA) in New York. At this outing, Tinubu and his team engaged practically all delegates to the event, trying to ‘market’ Nigeria to them as a destination of choice for investment. In this regard, in addition to a ‘town hall’ meeting with Nigerians resident in the US, Tinubu also parlayed with American business leaders under the auspices of the US Chamber of Commerce.

Yet, on November 3, 2023, the US embassy and consulate issued another security alert, warning of an elevated threat to major hotels in Nigeria’s larger cities. The embassy noted that the US government was aware of a ‘credible threat’. The security alert also asked US citizens in Nigeria to keep a low profile and review the travel advisory for Nigeria before checking into any hotel. “Exercise vigilance at major hotels. Be alert to your surroundings. Keep a low profile. Review the travel advisory for Nigeria,” the notice read.

The notice further provided the addresses and telephone numbers of the US Embassy in Abuja and Consulate in Lagos for US citizens to contact in case they need any help. These details not only show the US’ serious concerns about the safety and security of its citizens in the Nigerian polity but also as a pointer to the increasingly unlivable environment that the country is fast degenerating into.

Obviously, the US is the ‘flagship’ and ‘model’ to the rest of the world in several respects, including its democracy which Nigeria tends to be copying. Its continued issuance of security alerts (twice within 45 days!) to US citizens travelling to Nigeria is a ‘red flag’ to the entire world that a lot is wrong with Nigeria. Without any equivocation, the US security alerts regarding Nigeria amount to a counterpoise to Tinubu government’s efforts at wooing investors to Nigeria.

Following the US security alert, the United Kingdom, on November 4, also issued a travel advisory, saying “before you travel, check the ‘Entry Requirements’ section for Nigeria’s current entry restrictions and requirements.” The UK travel advice notes that terrorists are very likely to attempt attacks in Nigeria, including indiscriminate attacks against crowded public locations. “Discretion and judgement should be used with regard to activity in public places including large hotels, with visitors encouraged to remain vigilant and alert while paying attention to their surroundings at all times,” the advisory said.

Truly, today, the socio-economic condition of Nigeria is anything but wholesome. Who would choose to invest in a country where the level of insecurity is an existential threat? In a country where the number of internally displaced persons (IDPs) camps is still on the increase? In a country where villages and farmlands are rendered desolate by marauding terrorists, brigands and kidnappers? Against this backdrop, a ghastly (suspected) bombing incident (with casualties) took place at the Canadian Mission, Abuja, on November 6. And subsequent to this, Canada shut down its Mission in Abuja and promptly issued a travel advisory and security alert to its citizens.

It needs to be noted that in the comity of nations, often, when America sneezes, practically the rest of the world catches cold. Therefore, the US security alerts on Nigeria sufficiently tells the world the direction to go. This is also why beyond diplomatic niceties and bilateral relations, the US keeps flagging to the world that there is so much danger to life and property in Nigeria. Ironically, the United States still remains the largest foreign investor in Nigeria, with the US foreign direct investment concentrated largely in the petroleum/mining and wholesale trade sectors.

According to the US Department of State’s Bilateral Relations Fact Sheet (Bureau of African Affairs), “in 2022, the two-way trade in goods between the United States and Nigeria totaled over US$8.1 billion. At US$3.4 billion in 2022, Nigeria is the second largest US export destination in Sub-Saharan Africa.” According to the Fact Sheet, US exports to Nigeria include vehicles, wheat, machinery, fuels, and plastics; and Nigerian exports to the United States include crude oil, cocoa, cashew nuts, and animal feed.

This depth of trade and diplomatic relations between the US and Nigeria notwithstanding, the United States is always known to put topmost priority on the sanctity of lives of its citizens. And this is the same for almost all developed nations of the world; and no investor (local or foreign) would opt to operate in an unsafe and insecure environment. The globe-totting and desperate search for foreign investors by the Tinubu administration and its officials at this time is therefore inauspicious and ill-advised. We can only pray and hope that the US example does not trigger a bandwagon effect — since many countries look up to America as the rudder.

Admin
Admin
Previous Post

Exploiting business gap analysis for improved coy performance (2)

Next Post

2023 supplementary budget: Mainly recurrent, enriching other nations

Next Post

2023 supplementary budget: Mainly recurrent, enriching other nations

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

WEF sees AI fueling new cyber battleground

Insurers face rising climate risk as 2025 losses hit $100bn

March 15, 2026
NAICOM hails reform Act as a defining turning point for Nigeria’s insurance sector

Insurance sector braces for consolidation under NAICOM reforms

March 15, 2026
Global insurers brace for potential losses amid Gulf conflict

Global insurers brace for potential losses amid Gulf conflict

March 15, 2026
Falling cocoa prices offer relief to manufacturers but underlying risks persist

Global cocoa prices ease amid rising inventories, firmer dollar

March 15, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

WEF sees AI fueling new cyber battleground

Insurers face rising climate risk as 2025 losses hit $100bn

March 15, 2026
NAICOM hails reform Act as a defining turning point for Nigeria’s insurance sector

Insurance sector braces for consolidation under NAICOM reforms

March 15, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M