Two bomb blasts went off Monday morning just outside the federal capital city of Nigeria, Abuja ripping two buses at a bus terminus.
The blasts took place in the early hours of Monday at Nyanya bus terminus leaving at least 35 people dead and many more injured.
The recent attack comes less than a month ahead of the scheduled World Economic Forum (WEF).
(READ MORE: Nigeria's security challenges a major concern for investors)
“The Nigerian government should take domestic security more seriously. In the case of Boko Haram over 200 schools have been attacked in recent months, this has been an ongoing onslaught by people who don’t believe in a nation state,” the chief executive officer of Frontier Advisory, Martyn Davies told CNBC Africa.
“The government should take corrective necessary steps to counter such acts of terrorism,” he added.
The WEF comprises of 1,000 of the world’s top corporations, global enterprises usually with more than US$ 5 billion in turnover.
Though no one has claimed responsibility for the blasts, it is believed that the Islamic militant group with al-Qaida links- Boko Haram was behind Monday attacks.
Over 1,000 people have been killed by this militant group from the beginning of the year as a protest against western education system.
The militant group is fighting for an Islamic state in Nigeria.
The West African country is evenly divided between Christians predominantly in the South and Muslims mainly in the North.
The terror activities pose challenges to investment in the country as the state is failing to deal resolutely with terrorism.
Nigeria became Africa’s biggest economy recently after it rebased its gross domestic product including previously excluded sectors such as the film, online sales and telecommunications industry.
The country GDP is now estimated to be at 509.9 United States billion dollars, over 100 billion dollars bigger than its rival South Africa.
BY TRUST MATSILELE