Nigeria’s recent joint military action with the United States against terrorist groups in the northern part of the country is being viewed as more than a security operation but also a good omen for the country’s economy.
The action is also being seen as a potential turning point for foreign investment confidence in the country.
According to Dr. Adeola Yusuf, Team Lead of Platforms Africa based in Lagos, the airstrike targeting terrorist groups in northern Nigeria could help reverse years of investor hesitation driven largely by insecurity.
In an interview with The High Street Journal, Dr. Yusuf explains that foreign investors have long cited terrorism and violent extremism as major risks to doing business in Nigeria.
Sadly, he recounts that for years, attacks by insurgent groups have damaged Nigeria’s global image, raising concerns about safety, stability, and the protection of investments. These fears have affected key sectors such as agriculture, mining, energy, tourism, and logistics, especially in regions close to conflict zones.
In some cases, companies delayed projects, scaled down operations, or avoided the country altogether.
This decisive action against these threats, Dr. Yusuf is optimistic, sends a good signal to the investor world. The collaboration between Nigeria and the United States, one of the world’s leading military powers, signals seriousness, capacity, and international backing in tackling insecurity.
“It is expected to be a booster for Foreign Direct Investment (FDI) as it will boost the confidence of Foreign investors who hitherto complained about insecurity in the country,” Dr. Yusuf told The High Street Journal.
Beyond the immediate military impact, the airstrike is also expected to boost the already tainted reputation of Africa’s most populous economy. It could help counter the narrative of Nigeria as a country overwhelmed by insecurity and project an image of a nation willing and able to partner globally to restore stability.
As confidence rises, foreign direct investment could return to stalled sectors, new projects could be unlocked, and existing investors may expand operations. Dr. Yusuf believes the operation marks an important step toward restoring trust. Top of Form
