In­se­cu­rity ham­pers Bri­tish in­vest­ment in Nigeria – MP

Daily Trust - - NEWS - From Ibrahim Chonoko, Lon­don

A mem­ber of Bri­tish Par­lia­ment (MP) Meg Hil­lier has said that Bri­tish en­trepreneurs are re­luc­tant to in­vest in Nigeria be­cause of their per­ceived in­se­cu­rity in the coun­try.

A state­ment by African Part­ner­ship De­vel­op­ment (APD) UK, is­sued in Lon­don over the week, quoted Ms Hil­lier as say­ing that many po­ten­tial Bri­tish in­vestors feel that in­se­cu­rity was Nigeria’s great­est chal­lenge.

He said: “It has led to dwin­dling Bri­tish in­vest­ment in the coun­try.

“Many Bri­tish in­vestors I have spo­ken to have ex­pressed their fears in the cur­rent state of in­se­cu­rity in the coun­try. Many people in­clud­ing those very close to me, think that Nigeria is about all man­ners of in­se­cu­rity and have got these neg­a­tive opin­ions about the coun­try.”

Ms Hil­lier, who chaired a con­fer­ence on Nigeria or­gan­ised by APD last week, is also Chair­man of All-Party Par­lia­men­tary Group on Nigeria.

She rep­re­sents Hack­ney South and Shored­itch, one of the Lon­don Bor­oughs with the high­est con­cen­tra­tion of Nige­ri­ans.

She said though Nigeria was not as bad as people think, the Nige­rian govern­ment should do more on se­cu­rity, stress­ing that “a na­tion can­not de­velop un­less the govern­ment takes the is­sue of se­cu­rity of life and property se­ri­ously.”

She charged Nige­ri­ans liv­ing in the UK to be more pro­duc­tive in

cre­at­ing Nige­rian- ori­ented businesses and in­vest­ment in or­der to be able to make a suc­cess­ful break­through into the Bri­tish econ­omy.

The Ex­ec­u­tive Di­rec­tor of APD, Mr. Tunde Alabi, who signed the

state­ment, lamented that many Nige­ri­ans in Di­as­pora who wanted to go back home have al­ways been “frus­trated by the govern­ment and people who are not ready to al­low them con­trib­ute to the de­vel­op­ment of their coun­try.”

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