tsdarkside:
they only come to nigeria for the dollars....

nothing else....
when we tell una this foreighn companies are doing nigeria no good,una will not listen....

A company have been operating in Nigeria for 3 decades only came to Nigeria because of dollars?
A company that invested in Nigeria at the height of military dictatorship is now after 24 years of civil democracy, and my friend Deepsight would posit that the worst of democracy is better than the best of military dictatorship.
It seems Nigeria attracted more foreign direct investments (not portfolio investments) under military than under democracy.

PZ, Michelin, GlaxoSmithKline, Shell and many other multinational companies left nigeria since the start of this 4th republic.

Alwaysachick:



What of the job loss? Is it your dad that will replace them?

guy,they dont hire as much people as you think....

for example....how many nigerians did this particular company hired....??
do you even know....??
did you even bothered to find out....??

10....??
20....??

how is 20 nigerians this foreighn company hired gonna change anything....??
you need millions of jobs or not this few....

100....??
200....??

wirinet:

A company have been operating in Nigeria for 3 decades only came to Nigeria because of dollars?
A company that invested in Nigeria at the height of military dictatorship is now after 24 years of civil democracy, and my friend Deepsight would posit that the worst of democracy is better than the best of military dictatorship.
It seems Nigeria attracted more foreign direct investments (not portfolio investments) under military than under democracy.

PZ, Michelin, GlaxoSmithKline, Shell and many other multinational companies left nigeria since the start of this 4th republic.

soo,your solution is to return back to military rule....??

i dont even care sef....

my point is,they are here for the dollars or else they wouldnt care that the economy is not doing that well no more....

btw....they dont earn that much no more in their own countries either today....
dont let them deceive you to subsidies them....
subsidies should only be for local companies only....

Irony1:
please shut up

i will not shut up....

anybody that is not happy with the way things are in nigeria should leave....

you included....

OChimex:


How old are you?

Who told you business is run with dumb emotions and sentiments, the way una dey vote any idiot based on such dumb sentiments?
Business is purely for profit making, young man whether local or foreign.
When that is not achieved, you gat to leave of find a way to make profit.
If una like continue voting idiots into power sake of say my tribe and religion, they will continue to destroy your country beyond repairs.
Mind you, I left the idiotic country years ago

good for you....
stay where you are....dont come back....

Dafresh:

And Nigerians that went to US, CANADA went there for Naira abi, you support this wickedness

it depends what you mean with wickedness....

you can continue like this for all we care....

when dollar reach 4k naira na then una will know sup....

cbn cant give what they dont have....
soo....
or you want cbn to start printin dollars out for una....you funny....

tsdarkside:


i will not shut up....

anybody that is not happy with the way things are in nigeria should leave....

you included....

Simple ... Nobody dey hold anybody

Fearyourcreator:

Simple ... Nobody dey hold anybody

thank you....many nigerians are startin to see through this nonesense now....



they only come to nigeria for the dollars....
nothing else....
when we tell una this foreighn companies are doing nigeria no good,una will not listen....
(Modify) (Quote) (Report) 320 Likes 17 Shares (Share)

One day we'll wake up and there's.
nigeria any more

TrumpDonald2:


Dont mind FreeStuffsNG always making noise about foreign investment. Not knowing that at the long run, its of minimal benefit to the country.

We should look for ways to promote local investors and local production.

https://punchng.com/foreign-investors-repatriate-5bn-dividend-cbn/

No country can develop without foreign investment (I am not talking about portfolio investments). China kickstarted its economic recovery with foreign direct investment. The UK economy is feeling the economic impact of EU companies that left as a consequence of brexit.
Foreign direct investments not only brings in badly needed capital, but also bring with it highly needed technology and skills. It is how the government manages the foreign investments that will determine its long term benefits. A proactive government would make sure that the foreign investors transfer technology to the country, and train our people on the technology and skills to take over after a few years or decades. But Nigerian politicians being blind apart from being greedy have no plan or strategy.
China made sure any company that operates in China shares its technology and trains local people. After a few years Chinese starts making those same products.

It's a pity that after more than 60 years of oil exploration and production, Nigeria still depend on foreigners to prospect and mine crude, we still depend on foreigners to repair and maintain refineries build by foreigners 50 years ago. Shame.

tsdarkside:


they are no easy solutions for nigerias problems....

i just looked how much a average nuclear power plant generate the other day....around enough power for 100 000 households....

that means even if we manage to go nuclear power,we will still need many of them....
forget politicians promisin you things....

check the stats yourselves....

Guy you Sabi as e dey go walai

tsdarkside:
any foreighn company that doesnt see the naira as useful shouldnt open shop in nigeria....

what should we do....??
dish the naira and start usin dollars because of them....??

comman....

the same thing with you igbo importers too....
you dont like it go open shop in foreighn nations and get your beloved dollars their....
dont stay in nigeria and be awaitin us to provide dollars for you....

Oil dey your head... Nigerians should guard the naira jealousy for the good of all

criuze:
One day we'll wake up and there's.
nigeria any more

they have brainwashed you to think anything foreighn will solve the problems....
now that it even became even worse,you still want to blame yourself....

anybody that is not happy should leave nigeria....

we will vote who we want and their is nothing people like you can do about it....

una go go court tire....

Fearyourcreator:

Oil dey your head... Nigerians should guard the naira jealousy for the good of all

exactly....

tsdarkside:


its not the job of nigeria to be providin you dollars....

if you want dollars,then start your business in america that controls dollars....thats common sense....

if the raw materials you need for your business is not in nigeria,then it makes no sense to open shop in nigeria....
from were do you think nigeria gets it own dollars from....??
you think america dash them....??

you are blamin the wrong people....
you want dollars,international companies want dollars,common people want dollars....
to add salt to injuries,you use aboki when you have dollars other than cbn....

its good the way nigerian customs are doing it....to remind you people that nigeria is not a dollar economy but naira....

imports should be discouraged at all cost....

Na money wey dey that importation them dey eye

Fearyourcreator:

Na money wey dey that importation them dey eye

bros....its always the same game over and over again....

this is even good news sef....
people will have no other choice than to look localy again....

tsdarkside:


its not the job of nigeria to be providin you dollars....

if you want dollars,then start your business in america that controls dollars....thats common sense....

if the raw materials you need for your business is not in nigeria,then it makes no sense to open shop in nigeria....
from were do you think nigeria gets it own dollars from....??
you think america dash them....??

you are blamin the wrong people....
you want dollars,international companies want dollars,common people want dollars....
to add salt to injuries,you use aboki when you have dollars other than cbn....

its good the way nigerian customs are doing it....to remind you people that nigeria is not a dollar economy but naira....

imports should be discouraged at all cost....

USD is the international instrument for exchange of goods and banking . Other countries don’t accept NGN.

Discourage import when local manufacturing is comatose? Insufficient power supply, lack of ease of manufacturing, quadruple taxation, how do you encourage manufacturing in this atmosphere?

You think excessive taxation is good? The result is high inflation.. items will be expensive at local markets.

P&G will now import their stuffs to reduce the losses of manufacturing in this environment.

owagbeba:


USD is the international instrument for exchange[b][/b] of goods and banking . Other countries don’t accept NGN.

Discourage import when local manufacturing is comatose? Insufficient power supply, lack of ease of manufacturing, quadruple taxation, how do you encourage manufacturing in this atmosphere?

You think excessive taxation is good? The result is high inflation.. items will be expensive at local markets.

P&G will now import their stuffs to reduce the losses of manufacturing in this environment.

why is that....??

why should dollars replace gold and silver that the world was dealin with for centuries....??
america can print themselves into oblivion and the rest of the world can carry the load....

nonesense....

tsdarkside:


soo,your solution is to return back to military rule....??

What's your solution then? we cannot continue on this trajectory without the whole thing crashing down on us.

i dont even care sef....

You have to care. Even if you are a japarian, your roots remain here - family, clan and tribe. Even African Americans that was forcefully japaed 400 - 200 years ago are still searching for their roots.

my point is,they are here for the dollars or else they wouldnt care that the economy is not doing that well no more....

This applies to every business. Every business goes into business with the aim of making money (in whatever currency)

btw....they dont earn that much no more in their own countries either today....
dont let them deceive you to subsidies them....
subsidies should only be for local companies only....

I don't understand your point. Even local businesses are folding up due to governments irrational policies. For every foreign business that close shop, a thousand local ones are folding up.

I don't understand what you mean by subsidies? Was the government subsidizing foreign companies or even local ones?

owagbeba:


USD is the international instrument for exchange of goods and banking . Other countries don’t accept NGN.

Discourage import when local manufacturing is comatose? Insufficient power supply, lack of ease of manufacturing, quadruple taxation, how do you encourage manufacturing in this atmosphere?

You think excessive taxation is good? The result is high inflation.. items will be expensive at local markets.

P&G will now import their stuffs to reduce the losses of manufacturing in this environment.

what type of lie is that....??
nigeria has amongst the lowest taxation in the world....

wirinet:

What's your solution then? we cannot continue on this trajectory without the whole thing crashing down on us.


You have to care. Even if you are a japarian, your roots remain here - family, clan and tribe. Even African Americans that was forcefully japaed 400 - 200 years ago are still searching for their roots.


This applies to every business. Every business goes into business with the aim of making money (in whatever currency)

I don't understand your point. Even local businesses are folding up due to governments unrational policies. For every foreign business that close shop, a thousand local ones are folding up.

I don't understand what you mean by subsidies? Was the government subsidizing foreign companies or even local ones?

you are right....democracy is realy scary....the way this civilian politicians throw money around is realy something else....

he choke me too....

tsdarkside:


what type of lie is that....??
nigeria has amongst the lowest taxation in the world....

False. Nigeria has about the highest taxation in the world for businesses. The hidden part is the unofficial and indirect taxation. To export a product from the interland to the ports. You first pay all sorts of unofficial taxes to all sorts of agencies on the road - Police, FRSC, Customs, quarantine, community tax, local government, etc, then the official ones begin at the ports itself, which in itself is not cheap. Importing nko? Same thing.
Running a normal business nko? You will be inundated with all sorts of agencies - both local and state, demanding one fee or the other. Ordinary mallams that push wheel barrow selling fruits pay agberos and local governments authorities between N500 - N1000 per day. I have not even started on Okada riders, Keke drivers and transporters in general.

wirinet:

False. Nigeria has about the highest taxation in the world for businesses. The hidden part is the unofficial and indirect taxation. To export a product from the interland to the ports. You first pay all sorts of unofficial taxes to all sorts of agencies on the road - Police, FRSC, Customs, quarantine, community tax, local government, etc, then the official ones begin at the ports itself, which in itself is not cheap. Importing nko? Same thing.
Running a normal business nko? You will be inundated with all sorts of agencies - both local and state, demanding one fee or the other. Ordinary mallams that push wheel barrow selling fruits pay agberos and local governments authorities between N500 - N1000 per day. I have not even started on Okada riders, Keke drivers and transporters in general.

....

i realy dont know what you are talkin about....
i dont have this issues....

Nigeria operates a self-assessment system where every taxpayer is expected to file annual personal income tax returns by disclosing all the income earned and derived within a tax year to the relevant State Internal Revenue Services (SIRSs) on or before 31 March of every year.

you pay mosquitos tax too....??

you guys are funny....
many of you dont even know where to get approval for buildings sef....

Jokerman:
1. If P&G leaves, means many people will lose their jobs?? Na wa o

2. What about their products, hope price won't increase again o?

God help us... And local companies don't have capital to start...

Make I go learn importation business o

Tinubu is doing well.
Except for politicians, all of us will feel the heat, let agbado republicans come to the defense immediately

nigerians dont even know how their own country functions....its very funny....

Police tax, FRSC, Customs, quarantine, community tax, local government tax

what the hell is quarantine tax....

[quote author=JudasNaKarrot post=127356199][/quote]
You will receive your confession in your generation. Only folks who identify with Jesus will escape that.

Jokerman:


https://nairametrics.com/2023/12/06/pg-to-dissolve-ground-operations-in-nigeria-revert-to-an-import-only-business-model/

Many of these companies came to Nigeria with the assumption that it was a 200 million People market, after running for a while they realised that it was just a 20 million people market, not far fetched from their home ground. We need to build our indigenous brands that have no were to run, FDI is a stopgap to economic growth.

Poverty is a big problem in Nigeria, we have assumed that it is a problem that should be fixed by government for over half a century but I beg to differ, Entrepreneurs are the solution to our problems because they brave up irrespective of how difficult things get.

Skyview01:


fixed

Importation products, father mother brothers wife and children everything imported
Imported human being

tsdarkside:


what type of lie is that....??
nigeria has amongst the lowest taxation in the world....

Have you had a chance to run or manage a business with physical structures in this country? Have you had the opportunity to move cargo around Lagos?

I think then you’d understand the meaning indirect and direct taxation.

Bottom line, it is not an easy place to do business.

It is time the Nigerian government realizes that this foreign companies exiting should be allowed to go and their goods if imported back to Nigeria should be taxed at least a hundred thousand percentage thereby making it unsellable in Nigeria or outrightly banned,go the way of the Chinese,this is what they wanted to try with china in the early 80's,but the Chinese taxed their foods by times ten thousand and nobody imported their goods anymore to china because it was not good for business,don't allow this western thieves to blackmail you into a corner,bite back with full force,deny their goods any import licence and look for their rivals and invite them in with little concessions,make their goods obsolete in your economy,it is the brutal truth .

wirinet:

No country can develop without foreign investment (I am not talking about portfolio investments). China kickstarted its economic recovery with foreign direct investment. The UK economy is feeling the economic impact of EU companies that left as a consequence of brexit.
Foreign direct investments not only brings in badly needed capital, but also bring with it highly needed technology and skills. It is how the government manages the foreign investments that will determine its long term benefits. A proactive government would make sure that the foreign investors transfer technology to the country, and train our people on the technology and skills to take over after a few years or decades. But Nigerian politicians being blind apart from being greedy have no plan or strategy.
China made sure any company that operates in China shares its technology and trains local people. After a few years Chinese starts making those same products.

It's a pity that after more than 60 years of oil exploration and production, Nigeria still depend on foreigners to prospect and mine crude, we still depend on foreigners to repair and maintain refineries build by foreigners 50 years ago. Shame.

I disagree with you. A country can still develop without foreign investment. Then for the boldened, at least you agree with me that foreign investment hasn't been all good for Nigeria. So until they have a good plan and strategy to manage foreign investment, no one should make noise about it to me.

amadiama:

Local investors that will pay peanuts and yet use you like slave!

Don't forget all the banks in Nigeria are local investors