Plateau massacre: Killings continue despite Tinubu's campaign promises

“Without security and rule of law, FDI will not increase” – CNPP speaks to Tinubu

The Congress of Nigerian Political Parties, CNPP, on Tuesday called on the Federal Government of President Bola Tinubu to begin doing more than just lip service.

“It is clear that investment is a top priority for the government of President Bola Ahmed Tinubu, but it will be very difficult to achieve in the absence of security and the rule of law,” CNPP National Publicity Secretary said in a statement signed by James Ezemain. To Tinubu's New Year's message.

Part of the statement reads: “President Tinubu has asserted in each of his previous foreign trips that his message to investors and other business stakeholders has been that Nigeria is ready and open for business; It was about being ready and open for business. That's not enough.

“For the past seven months, the Tinubu government has been making promises as if the government was campaigning and not delivering on its word.

“Now is the time to address insecurity and end the killing of innocent people in the country. Protecting lives and property of the people is the government's primary objective.

“Secondly, if Nigeria needs to attract major foreign direct investment (FDI), upholding the rule of law will be a key element. Because investors won't invest in a society where black people can raise money.'' Market.

“This comes as recent capital import data released by the National Bureau of Statistics (NBS) shows that total FDI inflows into Nigeria in the first quarter (Q1) of 2023 was only $48 million, compared to the previous quarter. As a result, FDI inflows into the country declined, dropping from $84 million in the fourth quarter of 2022 to $48 million in the first quarter of 2023. However, compared to the same period last year, FDI It decreased from $155 million in Q1 2022 to $48 million in Q1 2023, a significant 69% decrease.

“CNPP therefore encourages President Tinubu’s administration to do more than just talk, as FDI in the country will not increase without security and the rule of law.”


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