Global Upfront Newspapers
AmericaCoverNewsPolitics

U.S. Govt Ignore Tinubu’s Avowal Of Nigeria As Investment Destination, Issues Adversarial Travel Advisory To Citizens

The U.S. government has warned its citizens to reconsider travelling to Nigeria due to increased risk of crime, terrorism, civil unrest, kidnapping and activities of armed gangs in the country.

The travel advisory came two days after the United States Deputy Treasury Secretary Wally Adeyemo visited Nigeria as part of U.S. efforts to strengthen economic ties between both countries and a day after President Bola Ahmed Tinubu, presently in the U.S. for the United Nations General Assembly (UNGA), advised Nigerians in Diaspora to return home.

An updated travel advisory issued on September 20 by the U.S. Department of State included a flat “do not travel” warning for Borno, Yobe, Kogi, and Adamawa states due to terrorism and kidnapping; Bauchi, Gombe, Kaduna, Kano, Katsina, Sokoto, and Zamfara states due to kidnapping.

A similar travel advisory was issued for Abia, Anambra, Bayelsa, Delta, Enugu, Imo, and Rivers states (with the exception of Port Harcourt) due to crime, kidnapping, and armed gangs.

While placing these states on Level 4 – the highest risk category, the U.S. warned that the security situation in the states is fluid and unpredictable due to widespread terrorist activity, inter-communal violence, and kidnapping; and security operations to counter these threats may occur without warning.

The travel advisory, which carpets 18 states in all, excludes Lagos, 17 other states and the Federal Capital Territory (FCT).

“Violent crime – such as armed robbery, assault, carjacking, kidnapping, hostage taking, roadside banditry, and rape – is common throughout the country. Kidnappings for ransom occur frequently, often targeting dual national citizens who have returned to Nigeria for a visit, as well as U.S. citizens with perceived wealth. Kidnapping gangs have also stopped victims on interstate roads”, the advisory read.

“Terrorists continue plotting and carrying out attacks in Nigeria. Terrorists may attack with little or no warning, targeting shopping centers, malls, markets, hotels, places of worship, restaurants, bars, schools, government installations, transportation hubs, and other places where crowds gather. Terrorists are known to work with local gangs to expand their reach.

“There is civil unrest and armed gangs in parts of Southern Nigeria, especially in the Niger Delta and Southeast regions; and armed criminality and gangs, including kidnapping and assaults on Nigerian security services is also pervasive in this region. Violence can flare up between communities of farmers and herders in rural areas” it added.

The State Department had last issued a travel advisory on August 2 to Niger, which is same Level 4 – Do Not Travel warning, owing to the July 26 coup which deposed President Mohamed Bazoum, placing him on house arrest, a situation that led to the immediate evacuation of non-emergency government employees from the country.

On January 20, this year, in its previous alert on Nigeria, the State Department had updated its travel advisory to Level 3 – Reconsider Travel.

However, in its updated advisory, it said terrorist groups based in the Northeast routinely target humanitarian camps, security forces, churches, schools, mosques, government installations, educational institutions, entertainment venues, and road travelers. Approximately two million Nigerians have been displaced as a result of the violence in Northeast Nigeria.

The State Department further cautioned its citizens that the government has limited ability to provide emergency services to U.S. citizens in many areas of Nigeria due to security conditions.

President Tinubu, as part of his activities at the ongoing UNGA, assured prospective investors on Thursday of his administration’s determination to adopt necessary fiscal and regulatory measures toward the ease of doing business in Nigeria.

Speaking at the Nigeria-U.S. Executive Business Roundtable, the President said he recognised that investment capital is cowardly in nature. He said that was the reason behind his bringing successful Nigerian industrialists and public officials to share their experiences and operational plans, respectively.

Tinubu said this was in addition to all he had done to boost the confidence of the global investment community in Nigeria, by reforming the fiscal, monetary, regulatory and tax policy environment.

“Nigeria is an opportunity that is impossible to replicate or find elsewhere in any part of the world. We have brilliant young people who both innovate and consume at a large scale.

“Our entrepreneurial spirit is a major part of what makes our market totally unique, aside from demography. Nigerians build businesses and Nigerian businesses partner with other businesses to conduct larger business.
“There is enough value to spread around. Be careful of what you hear about Nigeria. You may be dissuaded out of a major opportunity that others will take up. We are here for you. We will give you all the support you need to succeed and succeed abundantly,” he said.

On behalf of the U.S. Government, U.S. Deputy Treasury Secretary, Wally Adeyemo, told U.S. business leaders he came back from Nigeria on an official visit that later became a fact-finding mission.

“In Lagos, I saw, first-hand, some of the major reforms you implemented as the governor of Lagos and the transformative effect on Nigeria’s commercial capital.
“People have attested to the fact that the reforms you have put in place as President are quickly enhancing confidence. American business is paying attention to that and from what we have seen for ourselves, Nigeria is proving to be a new frontier for investment. We will encourage our companies from our end as those reforms continue to deepen,” Adeyemo said.

The American Business Council President, Mr Sops Ideriah, said the extensive turnout at the roundtable by American business chief executives was impressive.

According to him, the turnout served as a testament to the degree to which confidence is rising in response to the actions and words of the President.

He said that this was with respect to ease of doing business, investment promotion, and his willingness to intervene to clear the historical concerns of American business people about doing business in Nigeria.

“Having all the stakeholders in the room, the President of Nigeria being here, from government actors at the federal and state level to ministers and tax authorities present, as well as private sector industrialists in Nigeria. We are very positive about the potential of Nigeria and we are just reinforcing to our colleagues the message about the economic opportunities that exist there,” Ideriah said.

Acting Chairman of the Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, assured the American captains of industry that the nation’s apex tax authority would not focus on taxing the seed.

He said it would focus only on the proportionate taxation of the fruit of fully formed industry, through efficient policy synergy with Nigeria’s sub-national authorities.

“The President is a business enabler, not a handicapper. Everything we do will be geared toward making your tax assessment and payment processes as digitally efficient and transparent as possible. We are not after the seed, but the fruit and we will keep to this commitment,” Adedeji said.

Advertize With Us

See Also

Israel to partner Igbo Think Tank on industrialisation of South East

Global Upfront

Gunmen on motorcycles kill four farmers in troubled Oyo State community

Global Upfront

US, China, Russia Test New Space War Tactics: Sats Buzzing, Spoofing, Spying

Global Upfront

Bishop Kukah lambasts Buhari, says Nigeria “is falling apart. We have never been this divided”

Global Upfront

Ondo Amotekun Corps intercepts three buses with 18 suspected bandits, weapons

Global Upfront

Security operatives parade 33 for killing 27 Fulani travellers in Jos, Plateau State, last Saturday

Global Upfront

Coronavirus: What’s happening around the world on Friday

Global Upfront

Israeli War On Gaza: A Ceasefire Now, Daily Trust Editorial Of Sunday November 12, 2023

Global Upfront

Vaccines cut chance of being infected with delta variant by half, UK study finds

Global Upfront

CDS, General Irabor, finally confirm death of vicious ISWAP Leader, Al-Barnawi

Global Upfront

This website uses Cookies to improve User experience. We assume this is OK...If not, please opt-out! Accept Read More