Diaspora (Commonwealth Union) _ The Association of Nigerian Diaspora Investors has expressed deep concern over the Ministry of Works’ alleged abuse of power, warning that the diversion of the coastal road could deal a severe blow to Nigeria’s economic progress. The group highlighted the demolition of investment properties worth over $250 million, primarily funded by Nigerians in the diaspora, as a significant threat to both national growth and investor confidence.
In a statement signed by its leaders, Femi Adekoya and Dr. Kimberly Stark, the association criticized the ministry’s decision, led by Senator David Umahi, to reroute the road, which has rendered several investment properties inaccessible. These properties, acquired in 2022, were intended to stimulate economic growth and provide affordable housing, a critical need in the country.
Adekoya described the situation as a “grave case of impunity and a gross abuse of power”, emphasizing the detrimental impact on Nigeria’s economy and the trust placed in public leadership. “These properties were purchased to boost Nigeria’s economy and provide much-needed housing for its citizens. The diversion of the coastal road not only nullifies the investment but also betrays the trust placed in the ministry,” he added.
The group is urging President Bola Ahmed Tinubu, who has championed infrastructure development under his Renewed Hope Agenda, to intervene urgently. They called on the President to hold the Minister of Works accountable and ensure actions that jeopardize economic progress are addressed swiftly.
The association strengthened their demands by citing a court directive from October 24, 2024, which explicitly warned all parties to uphold legal processes and avoid actions that could jeopardize judicial outcomes. The group stated that restoring the original road alignment aligns with Nigeria’s legal framework and underscores the importance of maintaining the integrity of large-scale infrastructure projects.
The statement further highlighted the need for transparency and accountability, urging government officials to protect both domestic and international investments. The association reiterated its commitment to advocating for the rights of Nigerians at home and abroad, vowing to press for an immediate and fair resolution of the matter.
The association warned that decisions undermining investor confidence could deter future contributions from the diaspora, key stakeholders in the country’s development, as Nigeria continues to position itself as a destination for global investment. They emphasized that urgent government intervention is necessary to restore faith in Nigeria’s infrastructure processes and ensure economic goals are not derailed.
