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The Centre for the Promotion of Private Enterprise (CPPE) has warned that the recent military threat issued by former United States President Donald Trump over alleged Christian genocide in Nigeria could weaken investor confidence and further pressure the naira.
Chief Executive Officer of the Centre, Dr. Muda Yusuf, raised the concern in a statement issued on Monday.
Trump had recently threatened military action should the Nigerian government fail to address the alleged killings of Christians, a comment that has since generated mixed reactions across the country, including from the Presidency.
Reacting, CPPE said Trump’s remarks carry serious economic and reputational implications for Nigeria.
“The statement risks undermining the country’s image as a stable investment destination, unsettling financial markets, and eroding confidence among both domestic and international investors.
“Even the mere threat of military action by a global superpower has inflicted significant reputational damage on Nigeria’s image as a safe and viable investment destination. Such rhetoric can trigger decline in foreign direct investment (FDI) inflows.
“Capital flight from portfolio and equity investors: a decline in venture capital and startup funding.
“Market volatility would likely intensify as investors reassess Nigeria’s risk profile. Likely consequences include Falling stock market valuations.
“The U.S. President’s threat of military intervention in Nigeria is unwarranted, counterproductive, and economically destabilising. It is a disproportionate response that fails to reflect the complexity of Nigeria’s internal security dynamics.
“Such statements send unsettling signals to investors, heighten risk perception, and undermine confidence in Nigeria’s economy. While Nigeria must continue to strengthen internal security architecture and governance, any external engagement should be cooperative — not coercive.
“Unilateral military action would destabilise Nigeria’s economy, threaten regional stability, and aggravate humanitarian conditions.
“The constructive path forward lies in diplomacy, partnership, and shared commitment to peace, development, and mutual respect for sovereignty,” he stated.