US President Donald Trump’s threat to launch a military invasion of Nigeria could raise the risk premium on Nigerian assets while threatening to erode recent gains achieved by the nation’s reforms.
Trump had, on Friday, designated Nigeria as a ‘Country of Particular Concern,’ following it up on Saturday with a threat to cut off all US aids to the nation and invade it to “wipe out Islamic terrorists” allegedly committing a genocide against Christians.
The threat, issued through the president’s official X handle, came as Trump ordered the Pentagon to “prepare for a possible action” as a lethal response to the alleged killings.