Nigeria: Obasanjo’s $700m Cameroon Investment Sparks Concerns Over Nigeria’s Business Climate

Stakeholders have raised concerns over the investment climate in Nigeria following plans by the former President, Olusegun Obasanjo to invest $700 million (approximately N1.75 trillion) in Cameroon.

LEADERSHIP reported that the former President through his firm, Agro-Allied Business Ltd (OABL), will launch investment this April into strategic sectors; including agriculture, maritime logistics, hospitality and energy with significant operations centered around the Kribi deep-sea port.

OABL’s…