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Umeh: Nigeria Will Not Collapse If South African Firms Leave Nigeria too.

Published: July 8, 2026, 9:55 a.m.
Author: admin
Category: News
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Umeh: Nigeria Will Not Collapse If South African Firms Leave Nigeria too.

Senator Victor Umeh, who represents Anambra Central in the Senate, has stated that Nigeria would continue to function effectively even if South African businesses were no longer operating in the country.

Speaking on Channels Television's Politics Today on Tuesday, Umeh reacted to fresh concerns over xenophobic attacks targeting Nigerians living and doing business in South Africa.

The senator argued that Nigeria possesses sufficient human resources, expertise and entrepreneurial capacity to replace any services currently provided by South African companies if the need arose.

According to him, the country's economy would not collapse should South African firms exit the Nigerian market, insisting that Nigerians are capable of operating similar businesses successfully.

Umeh made the remarks while expressing concern over reports of renewed attacks on Nigerians in South Africa, where some citizens were allegedly killed and several businesses reportedly vandalised or looted.

While condemning the attacks, the lawmaker said xenophobia is harmful to any nation, warning that hostility toward foreigners could damage South Africa's international reputation and discourage investors and visitors from entering the country.

He maintained that countries grow stronger by encouraging cooperation and investment rather than driving away foreign nationals through violence and discrimination.

The senator further stressed that there is no sector in which South African businesses operate in Nigeria that cannot be developed locally through deliberate investment and government support.

Using the technology sector as an example, Umeh said Nigeria has the talent and technical capability to build indigenous alternatives if policymakers prioritise local innovation and enterprise.

He recalled that in 2006, Daar Communications sought to establish a digital satellite television service in Nigeria, noting that many patriotic Nigerians invested in the project because they believed in developing local capacity.

According to him, similar initiatives should continue to receive support as part of efforts to strengthen Nigeria's economy and reduce dependence on foreign companies.

Umeh concluded by saying that with the right policies, strategic investments and commitment to technological advancement, Nigeria can expand its digital economy, create more business opportunities and become increasingly self-reliant across key sectors.

Tags: VictorUmeh SouthAfrica XenophobicAttacks NigerianBusinesses LocalCapacity DigitalTechnology DaarCommunications ChannelsTelevision PoliticsToday NigerianEconomy BusinessGrowth NationalDevelopment ForeignBusinesses AnambraCentral EconomicPolicy LocalInvestment AfricanRelations TechnologyGrowth Patriot
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