Stakeholders warn of crisis affecting investors’ confidence

The organised private sector (OPS) has urged the Federal Government to address the concerns arising from the crisis in order to avoid a reversal of gains recorded by the fragile economy.

The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Muda Yusuf, condemned the act, noting that the development could undermine the unity of the country.

“When we have this kind of threat, it affects ease of doing business in the country. You cannot do business in an environment that is not safe. It undermines investors’ confidence in the economy, be it local or foreign. It creates ethnic tension in the country,” he said.

This kind of threat is extreme. People have a right to seek equity and justice. They have a right to self-determination. This is a very dangerous trend that could arouse discomfort that would impact the economy,” he stated.