Why Investors Are Avoiding Nigeria- Dangote

President of Dangote Group, Alhaji Aliko Dangote, has said that kidnapping and other security challenges are reasons why investors are running away from the country

Dangote made this known at the ongoing Agric Expo and Conference. He was represented by Executive Director, Public Sector, Dangote Group, Mosul Ahmed.

He spoke on ‘Challenges Facing Agribusiness Investors in Nigeria.’ He lamented the spate of kidnapping on the Kaduna-Abuja Expressway, which he said has made investors, who own commercial farms to practically abandon them for fear of being attacked or kidnapped.

He also he also said the Land Use Act is a major impediment to the desired diversification of the economy and if not attended to it will hamper the economy growth of the country.

He therefore, advised that government at all levels should begin to work together, where necessary, on proactive approach, particularly on securing land for commercialized agriculture.

“Agriculture cannot thrive in this country, except there is cooperation between all the agencies of government.”

“Inter-governmental cooperation is lacking in terms of galvanizing the kind of support that investors need in the sector,” he stated.

It will be recalled that kidnapping has been on the increase across the country, particularly the Kaduna-Abuja Expressway, forcing the Inspector General of Police, Mr Ibrahim Idris to deploy a large number of policemen on that axis.