The Minister of Industry, Trade, and Investment said Nigeria’s slip in a ranking of top investment destinations in Africa was due to insecurity

The Minister of Industry, Trade, and Investment, Niyi Adebayo, on Thursday, said Nigeria’s slip in a ranking of top investment destinations in Africa was due to insecurity. President Muhammadu Buhari, while speaking at the Expo 2020 Dubai trade and investment forum in UAE, had boasted that Nigeria was Africa’s most attractive investment destination.

But a report by Rand Merchant Bank, RMB, titled Where to Invest in Africa 2021’ placed Nigeria in the 14th position on investment attractive nations in Africa. In 2014, It will be recalled that Nigeria was second.