Militancy, Terrorism Threat to Business Development in Nigeria – IBD CEO | Independent Newspapers Limited
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Militancy, Terrorism Threat to Business Development in Nigeria – IBD CEO

militancy; terrorism; terrorism threat to business development in Nigeria
Posted: Aug 12, 2016 at 2:28 pm   /   by   /   comments (0)

Paul Ikele, IBD CEO, talks to Emmanuel Udom on how militancy, terrorism and such other vices are inhibiting Nigeria’s business development.

Terrorism, Kidnapping and militancy are on rampage in parts of Nigeria. What is your take on this?

It is unfortunate that Nigeria is presently going through these horrible experiences of terrorism, kidnapping, militancy and other forms of criminality. But, it is a passing phase and Nigerians should be positive that all these shall pass away one day. Now talking as a business developer, terrorism, kidnapping, militancy, etc, are not favourable indices for attracting local and foreign investors into the country. As we all know, business is basically an investment, where you are expected to get returns as profits over time from your investment. It is not a Father Christmas show or charity project, where people do things in the name of God. Having said this let me tell you here and now that insecurity under whatever guise and form is a threat to business growth and development. It does not matter whether it is in the north, south, east or west. All over the world, investors and entrepreneurs are the same. They want returns on their investments. Yes, there are business concerns that make profits in time of crises. But, basically, no serious business minded person or company will feel at home investing in violence torn states. Terrorism, kidnapping and militancy are not good indices that may assist potential investors, local or foreign in making sound decisions on where to invest his money.

Are you now saying there are no business concerns located in north-eastern states and the Niger Delta region?

In the last couple of years, Boko Haram members have held states in Yobe, Bornu, Adamawa and Bauchi by the jugular. Yes, there are business concerns sited in these states. But, the truth is that most of these business concerns are operating in an atmosphere of fear and uncertainty. Business owners and entrepreneurs in these states are likely not going to be comfortable still carrying out their operations. The same goes for the Niger Delta region, where militants are presently on rampage. Yes, banks, restaurants, churches, mosques,

Why do you think Nigeria is going these hellish experiences at this point in time?

 Terrorism, militancy, robberies, violence, bloodbath are not limited to Nigeria alone. These are global indices of failed promises by government at various levels. When government fails to provide jobs and social amenities to its citizens, where government is not responsible and responsive to the yearnings of the citizens, the government is bound to find people agitating and becoming reckless and restive. These could translate to violence, bloodbath, bombing, killings and destructions and the security agencies are then under pressure to tame criminality in the society. There are states in Nigeria I will not dare to go to, even if I am offered $1million to invest in these states.

So what is your advice to President Muhammed Buhari on taming the increasing activities of militancy, terrorism, etc?

The president should look back on the promises he made to Nigerians and ensure that these promises are fulfilled. Militants, terrorists and other forms of criminality cannot be tackled using force, but through dialogue. These are some of the ways of dousing the rising tensions triggered off by terrorists, kidnappers and militants and eventually creating a conducive environment for business concerns to strive in the violence torn areas or states.