Former Senator Shehu Sani has sounded the alarm on the deteriorating security situation in Northern Nigeria, warning that the region has become a high-risk investment destination.
Sani’s stark warning comes as the ongoing nationwide hunger protest continues to spiral out of control, leaving a trail of destruction, looting, and violence in its wake.
The protest, which began last Thursday and is expected to last ten days, has been marred by chaos and anarchy in several Northern states, including Kaduna, Yobe and Kano. The situation has become so dire that investors, both foreign and domestic, are being advised to think twice before pouring their millions or billions into the region.
Sani fears that investors will now have to factor in the cost of insuring themselves against ransom demands and riots, before investing in the zone.
As the violence continues to spread, businesses and properties have been destroyed and lives lost.
The News Chronicle had earlier reported that the Protesters are demanding an end to bad governance, reversal of the fuel subsidy removal, tackling of inflation, rejig of the electoral system and cutting cost of governance among others.
