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Nigeria’s Economic Risks Overstated, Tuggar Tells Foreign Investors
Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, has urged global investors to reassess their perception of Nigeria’s risk profile, describing prevailing security concerns as exaggerated.
Speaking during engagements on the sidelines of the World Economic Forum in Davos, Tuggar said insecurity in Nigeria was limited to isolated areas and did not reflect the broader national reality.
According to him, much of the instability affecting parts of the country is linked to regional spillovers from the Sahel, including the aftermath of conflicts in neighbouring countries.
The minister stressed that Nigeria should not be judged differently from other nations experiencing security challenges, noting that no country is entirely free from risk.
Tuggar highlighted ongoing reforms by the federal government aimed at improving investor confidence, including changes to the foreign exchange regime, tax reforms, and measures to improve access to foreign exchange.
He also disclosed that Nigeria’s foreign reserves had grown to about $43 billion, reflecting improved macroeconomic management.
On security, Tuggar said Nigeria had recorded progress against insurgency through regional cooperation, though these efforts were affected by political developments in neighbouring countries.
He warned that persistent negative narratives about Nigeria could unintentionally fuel insecurity by encouraging extremist groups seeking attention.
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BREAKING: Court restrains INEC from recognising Mark-led ADC congresses
A Federal High Court in Abuja Wednesday stopped the Independent National Electoral Commission (INEC) from recognising or taking part in any state congresses organised by committees set up by the caretaker leadership of the African Democratic Congress (ADC). In the ruling, which was delivered in Abuja by Justice Joyce Abdulmalik, the court made it clear…
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JAMB extends sale of 2026 Direct Entry to 8th May
The Joint Admissions and Matriculation Board has extended the deadline for the sale of its 2026 Direct Entry (DE) application forms to May 8, giving prospective candidates additional time to complete their registration. The extension, which moves the earlier closing date forward, is part of efforts to ensure that no eligible applicant is excluded from…
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African CEO Leadership Forum 2026, summit concept note
The African CEO Leadership Forum stands as one of the continent’s most influential annual gatherings, bringing together chief executives, boardroom leaders, policymakers, heads of state, and global partners shaping Africa’s economic and governance future. More than a conference, it serves as a high-level platform for strategic alignment, bold thinking, and actionable leadership. Founded on the…