- ANDI raised concerns over shifts in energy sector policies, noting that inconsistencies create uncertainty that weakens foreign investments.
- The groups argue that policy stability would send a strong signal to investors about Nigeria’s commitment to economic growth and long-term prosperity.
The Renewed Hope Concern Citizens (RHCC) and the Association of Nigerian Diaspora Investors (ANDI) have urged the federal government to prioritise investor-friendly policies to drive growth in Nigeria’s housing and energy sectors.
During a peaceful advocacy walk in Abuja, the groups stressed the need for policy stability to attract and retain investments. The event was orderly, with security personnel ensuring public safety.
RHCC Head of Mobilisation, Mr Boluwaji Adeyemi, speaking on behalf of ANDI, highlighted the urgent need for the government to restore the 2006 Gazetted alignment of the Lagos-Calabar Coastal Highway. He warned that deviations from this alignment could destabilise energy sector investments and erode investor confidence.
“We, the Association of Nigerian Diaspora Investors, call on the Renewed Hope Administration to urgently address critical policy uncertainties affecting Nigeria’s investment climate,” Adeyemi stated.
The groups specifically urged President Bola Ahmed Tinubu and Minister of Works and Housing Senator David Umahi to act swiftly to restore investor confidence.
RHCC warned that changes to established policies could disrupt economic growth and deter foreign investors. The group emphasised that safeguarding investor confidence is crucial for sustained economic success.
Similarly, ANDI raised concerns over shifts in energy sector policies, noting that inconsistencies create uncertainty that weakens foreign investments. “Restoring the 2006 Gazetted alignment will reinforce Nigeria’s commitment to a stable investment climate and attract the capital necessary for infrastructure development,” the group added.
RHCC Chairman, Hon. Tayo Agbaje, stressed that policy consistency is vital for investment stability. “A predictable regulatory framework is essential for both local and foreign investors,” he said, adding that diaspora investors play a critical role in national economic growth.
Both groups called on the federal government to take immediate steps to address these concerns, arguing that policy stability would send a strong signal to investors about Nigeria’s commitment to economic growth and long-term prosperity.