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Frankfurter Allgemeine’s Editorial Rebuttal And Why FDI To Nigeria Is Drying Up

The Oasis Reporters

January 31, 2020

International corporations and startups are not only ignoring Nigeria but withdrawing their money in Nigeria faster than any time in history – It Is doubtful if the Nigerian government, especially those assigned to run the economy understand what is really going on.

President Buhari was recently seen requesting the EU to invest in Nigeria, telling them that we have a highly educated workforce ready to work.

A German newspaper, Frankfurter Allgemeine wrote an editorial in rebuttal to his plea – warning his country not to sink taxpayers money in a corrupt swamp. According to the Corruption watchdog, Transparency International, Nigeria’s corruption index has swum to its lowest level yet.

(1) The paper noted that Nigeria invested the smallest amount of any African country on education, job training, and human resources while the EU spends an all-time high on their children’s education.

(2) It also noted that Buhari’s travel budget is twice that of the German Chancellor, Angela Merkel.

No matter how very respectful Europeans are even when they know you are a buffoon, make no mistakes about believing that they are idiots with easy money to invest in a bumbling democracy if we start crying loudly.

Europeans look beyond lies and concentrate on figures in the data.

see chart FDI – 2016 -2019

The figures analyze and highlight the various impediments to overall economic growth in Africa in general and Nigeria in particular. To climb out of this depressing cesspool, the government needs to stamp it’s feet down and heal the parlous security situation in the country.

It is just not good looking to have Fulani herdsmen bandits and Boko Haram islamists roaming all over, causing mayhem by executing Christians on camera and off camera. Many of them collecting ransom money in millions, yet their lives see no improvement. They seem bent on causing mayhem and maximum discomfort to Christians in a government seen to be run largely by people determined to be lopsided in thinking and in action.

With the anarchic set up the country has found itself in, it just won’t do seeking for foreign direct investment for now, until Nigeria sorts out it’s parlous security nightmare. The world is watching.

By Engr. Cade Agbugba.

Greg Abolo

Blogger at The Oasis Reporters.

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