A Canada-based Nigerian entrepreneur, Oluwafemi Ayeyemi, has appealed to the Federal Government to prioritize tackling insecurity and infrastructural deficits to encourage diaspora investment in Nigeria. Speaking during a tour of his N3 billion hotel project in Obada, Abeokuta, on August 4, 2025, Ayeyemi emphasized that these challenges deter Nigerians abroad from capitalizing on the country’s vast investment potential, despite their desire to contribute to national development.
Ayeyemi, originally from Ogun State, highlighted Nigeria’s abundant opportunities but noted that poor road networks, unreliable power supply, and pervasive insecurity create significant barriers for diaspora investors. “Nigeria is brimming with possibilities, but bad roads, erratic electricity, and above all, security concerns make investors hesitant,” he stated. He urged the government to address these issues with urgency, stressing that Nigeria remains a cherished home for many in the diaspora eager to support economic growth.
The entrepreneur’s ongoing project, a three-storey hotel spanning two hectares, features 62 rooms, a standard swimming pool, and multiple event halls. Initiated in 2017, the development, now 80% complete, currently employs over 300 workers. Ayeyemi projects that upon its inauguration in October 2025, the hotel will provide jobs for at least 100 people, aligning with efforts to reduce poverty through employment opportunities.
Ayeyemi underscored the importance of diaspora collaboration with the government to drive job creation and economic progress. “As Nigerians abroad, we are committed to supporting the government’s efforts, but addressing insecurity and infrastructure gaps is critical to unlocking investment,” he said. His project exemplifies how diaspora contributions can complement government initiatives, fostering sustainable development.
The call comes amid Nigeria’s economic challenges, including a naira trading at N1,565/$1 in the parallel market and inflation at 22.22% in June 2025. Despite these hurdles, recent Central Bank of Nigeria reforms, such as unified exchange rates and $4.1 billion in forex interventions in H1 2025, have spurred investor confidence, with the Nigerian Exchange posting a 39.98% year-to-date gain. Ayeyemi’s appeal highlights the need for robust security and infrastructure improvements to sustain this momentum and attract more diaspora capital.
