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ALWAYS FRED > Africa > Xenophobia: Nigeria should nationalize MTN and other South African companies — Oshiomhole
Xenophobia: Nigeria should nationalize MTN and other South African companies — Oshiomhole
Africa

Xenophobia: Nigeria should nationalize MTN and other South African companies — Oshiomhole

May 12, 2026 4 Min Read
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Senator Adams Oshiomhole, representing Ed North, has defended his name for the nationalization of MTN and different South African-owned corporations working in Nigeria, saying Nigeria ought to prioritize the lives of its residents over overseas funding.

He made the decision throughout an interview with Come up Information on Tuesday, reacting to recent xenophobic assaults in opposition to Nigerians in South Africa.

Recall that Mr. Oshiomhole final week spoke on the ground of the Senate, saying Nigeria should act decisively to guard its folks and underscoring reciprocity in worldwide relations.

His phrases had been: “I do know MTN has been cited, so the Nigerian shareholders can maintain on, however we’ll strip South Africa of its rights.”

Oshiomhole additional urged that the FG might nationalize the affected corporations, together with monetary establishments, and subsequently re-privatize them beneath Nigerian management.

“And due to this subject…if we nationalize it and re-privatise it in order that Nigerians can take it over, the earnings that they’re taking out of Nigeria can be saved right here. And there can be no South African share,” he added.

Mr. Oshiomhole additionally claimed that South African authorities responded meaningfully solely after diplomatic strain from Nigeria, however supplied no proof for that declare.

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“President Ramaphosa then unequivocally condemned assaults on black folks. He didn’t accomplish that till I attacked his pursuits.”

He maintained that human lives ought to take priority over financial issues, insisting that investments shouldn’t be made at the price of the lives of Nigerians.

“If one thing results in the dying of Nigeria, what’s the worth of wealth to the lifeless? We don’t need traders who make investments on the expense of human blood. Though I’m poor, I worth my life,” he stated.

“Life is extra vital. I don’t need traders who make investments on the expense of human blood. For those who want Nigerian blood for service and also you don’t care about Nigerian blood since you wish to appeal to traders, I’ll worth my life despite the fact that I’m poor.”

The previous governor linked his place to repeated assaults on Nigerians in South Africa, claiming that justice had not been served in earlier circumstances.

“The primary time a rustic kills a Nigerian, they get away with it. The second time, they kill a Nigerian and get away with it. The third time, they kill a Nigerian and get away with it,” he stated.

He added: “There was an settlement beneath the Buhari administration. They broke it. They’re killing Nigerians. Nobody is in jail for homicide or extrajudicial killings.”

See also  Nigeria summons South African envoy over attack on own nationals

“You are speaking about legal guidelines. Are there no legal guidelines that shield the lives of foreigners residing in your nation? Even when they’re right here illegally, there are authorized methods to repatriate them and deport them,” he stated.

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