Nigeria Continues to Draw Investor Interest Amid Security Concerns, Braimah Notes
Nigeria is increasingly positioning itself as a compelling destination for investments, even in the face of ongoing security challenges, according to Ehi Braimah, Publisher and Editor-in-Chief of NaijaTimes. Braimah made these remarks during an interview on Sunrise Daily, where he analyzed the results of President Bola Ahmed Tinubu's recent state visit to the United Kingdom.
High-Level Investment Forum Highlights Economic Shift
Braimah emphasized that a key aspect of the visit was a high-level investment forum organized by the Central Bank of Nigeria in partnership with the UK's Foreign, Commonwealth and Development Office, along with several Nigerian banks and global financial institutions. This event took place at The Peninsula in London on Tuesday, March 17, 2026.
He explained that the forum marked Nigeria's transition from economic stabilization to capital mobilization, with CBN Governor Yemi Cardoso playing a pivotal role in presenting reforms designed to enhance investor confidence. The primary goal was to demonstrate how Nigeria is evolving into an attractive investment hub, Braimah stated, adding that Cardoso's efforts send a strong signal about the country's readiness to attract more foreign capital.
Positive Investor Sentiment and Economic Reforms
Contrary to potential skepticism, Braimah reported that investor sentiment at the forum was overwhelmingly positive. They were excited about moving capital into Nigeria, he said, noting that discussions focused on ongoing reforms such as exchange rate unification and the removal of fuel subsidies, and their broader economic impacts.
He further revealed that 32 Nigerian banks have met new capital requirements set by the apex bank, with approximately 28 percent of capital inflows originating from foreign investors. This influx clearly indicates confidence in the economy and underscores significant growth potential, Braimah asserted.
Macroeconomic Gains and Persistent Microeconomic Challenges
While acknowledging improvements in macroeconomic indicators like foreign exchange reserves and naira stability, Braimah admitted that challenges persist at the microeconomic level, particularly regarding the cost of living and poverty. He also pointed to global geopolitical tensions, including developments involving Iran, the United States, and Israel, as factors driving up fuel prices and increasing costs of goods and services worldwide.
Regional Initiatives and Security Concerns
Braimah commended recent efforts in the Niger Delta to mobilize local capital and foster growth independently of federal allocations, urging other regions to follow suit. However, he warned of a potential link between rising insecurity and the approaching 2027 general elections, citing a historical pattern of increased violence during election cycles.
He called for enhanced collaboration between Nigeria and international partners, such as the UK, especially in addressing security challenges. If we need external support, we should seek it, Braimah said, noting that security cooperation was part of the broader discussions during Tinubu's state visit to the UK.
