Insecurity halts flow of investment from Mexico to Nigeria – Bello

The Nigerian Ambassador to Mexico, Adejare Bello has disclosed that Mexican investors are willing to invest heavily in Nigeria’s economy but for the prevailing security situation in the country.

Bello said the embassy receives frequent enquiries from investors on possible areas of collaboration between both countries but all these efforts to attract foreign investments are being thwarted by the news of insecurity.

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Speaking through his Senior Special Adviser on Media, Abimbola Tooki, the ambassador said some of the areas the foreign investors have been looking to invest in include oil and gas, gold mining, agriculture as well as establishing a partnership with Dangote in the area of fertiliser procurement.

Bello noted that although the federal government has been proactive in dealing with the security challenges in the country, he advised that the current onslaught against criminals recently must be sustained.