BREAKING NEWS

Nigerian president says security risks hurting investment

By REUTERS

SEPTEMBER 12, 2011 23:39

ABUJA - Nigeria's security challenges following bombings by a radical Islamist sect are holding back some foreign investment, President Goodluck Jonathan said on Monday.

Boko Haram, whose name means "Western education is sinful", has claimed responsibility for a series of recent bombings in Africa's most populous nation, including a blast last month at UN headquarters in the capital which killed 23 people.

"We are worried about the security challenges we are now facing in the country because it is preventing investors coming into the country," the president said in an interview on local NTA television.

"I assure you this situation will be brought under control."

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