BY  EGUFE YAFUGBORHI

PORT HARCOURT— THE European Union, EU, has  said that Nigeria’s cry for sustained foreign direct investment would continue to fall on deaf ears unless the country showed commitment to tackle the challenges of corruption and insecurity.

Head, Governance Programme of the EU delegation, Alan Mundaay, in Port Harcourt, Rivers State, said that the collapsed foreign direct investment in Nigeria was self inflicted as no foreign investor would put his money in an environment that was not enabling.

Mundaay spoke to newsmen on the presentation of the report of the EU’s sponsored Tomorrow Is A New Day, a 21 months project aimed at supporting community level conflicting resolution and reintegration of ex-militants to promote sustainable peace and stability in seven Niger Delta communities.

The EU chief, said: “Foreign investors will not come to Nigeria to lose money. They come to make money. If there are growing threats to many Nigerians themselves here, why will any foreign company put money and the lives of foreign human capital at risk in Nigeria under the prevailing security situation?

“It is easier for foreign airlines to work in Ghana in neglect of the far bigger Nigerian market because Ghana is more enabling and even Nigerians are running away from home to do business in Ghana. Nigeria does not need to beg for foreign investment. People will come when their investments are guaranteed. They will come without pushing when corruption is effectively tackled and the justice system reliable.”

 

Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.