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Reading: Presidency Warns: Coup Rumors Scaring Off Investors, Hurting Economy
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The Roma News > Blog > Security > Presidency Warns: Coup Rumors Scaring Off Investors, Hurting Economy
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Presidency Warns: Coup Rumors Scaring Off Investors, Hurting Economy

theromanews
Last updated: October 31, 2025 8:18 am
theromanews
1 Min Read
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The Presidency has raised concerns over recent media reports alleging coup plots, warning that such speculation is damaging the nation’s economy and undermining investor confidence.

 

In a statement released on Thursday by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, said the circulation of unverified claims about possible military takeovers was “irresponsible” and capable of discouraging foreign investment at a time when the government is working to stabilize growth and attract capital inflows.

 

“These reports do not only spread unnecessary fear but also risk harming the country’s international reputation and economic prospects,” the statement read.

 

The Presidency urged the media and the public to exercise caution and verify information before dissemination, emphasizing that the government remains firmly committed to democratic governance and national stability.

 

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TAGGED:apcEconomyFederal GovernmentMr Bayo OnanugaPresident TinubuScaring InvestorsSpecial Adviser to President on Information and StrategySuspected Coup Plot
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