Ethnic groups push for trust, stability as key to economic growth

Leaders of over 1,000 ethnic nationalities and civil society organisations have warned that rising ethnic and religious tensions could undermine Nigeria’s economic stability, urging President Bola Ahmed Tinubu and political leaders in Lagos and Kano to prioritise trust-building measures ahead of the 2027 general elections. The call was made at a multi-ethnic summit held in […]

Leaders of over 1,000 ethnic nationalities and civil society organisations have warned that rising ethnic and religious tensions could undermine Nigeria’s economic stability, urging President Bola Ahmed Tinubu and political leaders in Lagos and Kano to prioritise trust-building measures ahead of the 2027 general elections.

The call was made at a multi-ethnic summit held in Lagos, where participants framed national unity not just as a political necessity but as a critical economic imperative for growth, investment, and job creation.

 

Organised by the Nigerian Human Rights Community (NHRC), the meeting brought together a wide spectrum of socio-cultural groups, business stakeholders, and community leaders concerned about the economic consequences of deepening divisions across the country.

 

Participants warned that persistent ethnic and faith-based conflicts increase business risks, disrupt supply chains, and discourage both local and foreign investment, particularly in key commercial hubs.

 

“Economic prosperity cannot thrive in an atmosphere of distrust and instability,” a speaker noted, adding that Nigeria’s growth prospects depend heavily on social cohesion and policy consistency.

 

The groups highlighted Lagos and Kano as critical economic centres whose stability has national implications. Lagos remains Nigeria’s commercial capital and a major destination for investment, while Kano serves as a key trading hub linking the North to regional markets.

 

According to participants, any breakdown of trust in these cities could have ripple effects across sectors including trade, manufacturing, logistics, and financial services.

 

They stressed that investors are highly sensitive to political and social risks, noting that uncertainty ahead of elections often leads to capital flight, delayed investments, and cautious business expansion.

 

Delegates commended Kano State Governor, Abba Kabir Yusuf, for maintaining relative stability in the state despite broader regional security challenges.

 

They said Kano’s experience demonstrates how inclusive governance and effective management of diversity can create an enabling environment for commerce and economic activity.

 

Speakers noted that peaceful coexistence in Kano has supported trade flows, strengthened local markets, and enhanced the state’s attractiveness to investors and entrepreneurs.

 

Former Secretary General of the National Democratic Coalition (NADECO), Ayo Opadokun, emphasised that economic inequality and poverty are key drivers of division, warning that failure to address them could worsen instability.

 

He called for policies that promote inclusive growth, equitable resource distribution, and access to economic opportunities across regions and social groups.

 

“Good governance leads to equitable development, education, peace, and stability,” he said, adding that economic inclusion is essential for national cohesion.

 

At the event, Governor Yusuf received a “Governor of the Year” award, while Muhuyi Magaji Rimingado was honoured for integrity and anti-corruption efforts. Opadokun also received a leadership award.

 

Participants said such recognitions send positive signals to investors about governance standards, transparency, and accountability—factors that are critical in shaping economic confidence.

 

The summit concluded with a call for coordinated action by federal and state governments to address the root causes of division, including unemployment, inequality, and weak institutions.

 

Participants urged policymakers to implement reforms that strengthen economic inclusion, improve infrastructure, and expand opportunities for youths and small businesses.

 

They also stressed the need for collaboration between government, private sector, and civil society to build trust and ensure a stable environment for economic activities.