Nigeria, in economic crisis, must multi-task to address a range of urgent security challenges, from stabilizing areas wrested from Islamist militant control to dealing with rising unrest in the oil-rich Delta, Philip Hammond has said.

The British foreign secretary, visiting Nigeria on Saturday for a security summit convened by President Muhammadu Buhari, said the country — which he described as its “without doubt the most important” nation on the continent—is facing “very big strategic challenges” that must be tackled simultaneously. Mr Buhari, addressing the summit, stressed the need to remain focused on returning more than 2m Nigerians displaced by the conflict to their homes “in peace and dignity”.

That effort is likely to take many years and is likely to be constrained by funding challenges. Mr Buhari took office last May on a wave of hope for Nigeria’s prospects but has spent his first year in office contending with a bleak economic reality that has diverted attention from the battles the former military ruler most wanted to fight: ending the devastating Boko Haram insurgency in the northeast and rooting out rampant corruption in government and business that has stifled the country’s growth and potential.

The economic crisis is compounded by new security problems that cannot be ignored, he said.

“You can’t say, ‘we’re fighting a war in the northeast and we can’t do anything else’,” Mr Hammond told reporters on the sidelines of the security summit on Saturday. Nigeria must “deal with unrest in the Delta, in the [middle] belt … with the broken economy, with the power crisis, with the population challenge, all of those things need to be addressed”.

Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp