Post by Development Diaries (@Dev_Diaries)

South African companies operating in Nigeria employ thousands of Nigerians across telecommunications, banking, retail and media while providing services used by millions every day.

Seizing their profits could trigger job losses, disrupt businesses and discourage investment without putting a single naira directly into the hands of Nigerians who fled South Africa with their livelihoods destroyed.

That is why the biggest gap in the current response is the absence of a publicly funded reintegration plan for returning victims. Nigerians are already arriving home, but there is no published framework explaining what financial assistance, psychosocial support, livelihood grants or business recovery programmes will be available, which agencies will implement them or how returnees can access them.

The current response therefore risks treating retaliation as policy while leaving recovery to chance. The Senate is focusing on sanctions, the Ministry of Foreign Affairs is pursuing diplomatic engagement, but the Ministry of Humanitarian Affairs and Disaster Management has not publicly outlined how Nigerians returning from South Africa will rebuild their lives.

https://developmentdiaries.com/the-senate-wants-to-seize-south-african-company-profits-will-that-help-victims-or-hurt-nigerians/

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