Peter Obi Critiques Tinubu Over US Investment Warning

Peter Obi, the National Democratic Congress (NDC) 2027 presidential candidate, criticized the Tinubu administration after the US Department of State released the 2026 Nigeria Investment Climate Statement. The report warned potential investors about risks in Nigeria, citing concerns such as insecurity, inconsistent regulatory enforcement, weaknesses in the judiciary, cargo delays at ports, and issues in the power sector.

It noted that American businesses might face arbitrary detention and travel restrictions in regulatory disputes. Obi pointed out that only $135.08 million, or about 1.3 percent, of the $10.37 billion in total capital inflows in the first quarter of 2026 was Foreign Direct Investment, while Foreign Portfolio Investment accounted for approximately $9.86 billion.

He argued that this indicates Nigeria is failing to attract long-term productive investment and criticized the government for not responding to the US advisory as a call for urgent action. The federal government had not publicly responded to Obi's remarks at the time of the report.