interestin is its mostly the red capians that are after me for my statement....

Blackdisciple:
It was GSK now P&G yet agbadorians still doing their what they are good at

The reason GSK and P&G are leaving the country try is because they cannot compete. There are Nigerian or Chinese companies manufacturing or supplying the same products at cheaper prices.

Panadol is the bread and butter of GSK, every Dick and Harry manufactures paracetamol at a cheaper price point than GSK’s panadol.

P&G sell pampas. There are multiple cheaper alternatives in the diaper sector. E.g dry love, Molfix, Huggies. I am sure if you did a market survey you will find P&G products were the most expensive.

We have problems in Nigeria but Sometimes the reason a company leaves is simply because it has lost market share and cannot compete. Nothing more nothing less.

frog12:
then why are they leaving

Read the news post, line by line you'd know why

immortalcrown:
"Hit the ground running."

The message is becoming clear now. It was a parable before now.

Hit the ground running in the opposite direction

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.

A good observations and analysis!

sweetgala:


Free 1m to over 200m Nigerians. They are still struggling to give 35k monthly to just 800k families over 6 months.

And free raw material, some imported with scarce dollars . Some of you Nigerians are just dence, that is why someone like Obi could sell you such silly ideas so successfully without shame because he was talking to idiots.

Na sarcasm!

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....

. Do you have your own companies that manufacture what they do and can create the employment they create and add the value they add?
You are saying this to defend your useless APC agbado government that you supported.
If you establish a business, won't you want to repartriate your profits home?

prophetfire:
. Do you have your own companies that manufacture what they do and can create the employment they create and add the value they add?
You are saying this to defend your useless APC agbado government that you supported.
If you establish a business, won't you want to repartriate your profits home?

it has nothing to do with politics....

this companies make defizit too in their countries,but they dont immediatly go bankrupt pack up and leave....

understand what they are playin....
if the nigerian market doesnt fit them no more,then let them leave....

others will take over....
and seriously....they dont hire that many nigerians as some people try to tell you anyways....

better build up your own local companies and show this foreighn dollar svckers your black middlefinger....

btw....
why do you care about them repartriate money to their homes....??
are you finish carin about yourself....??

Firstorderwizard:
More addition to the already over saturated unemployment pool.
This generation of Nigerian youths is a waste of generation.
I wonder how history and posterity will describe them

They will be described as the most racist on the planet.

Reference:


Then develop your country by yourself.
Stop travelling all over the world disturbing people doing their businesses comfortably.
Are they telling you that without Nigeria they cannot exist.

It is this kind of useless talk we used to hear in the late 90's and early 2000's about the oil sector that, and I quote, 'Shell cannot do without Nigeria. If they leave Nigeria, they will collapse...'

They have since left and their business continues to boom.
But where is the NNPC and the oil business in Nigeria today.
Production down, not anywhere near our quota for years.
Refining, non existent.
Gas, struggling to survive.
Sales of our crude, here today, floating ships on the ocean with unsold cargoes tomorrow.

Instead of them to sit their asses down in humility and figure out how to sort themselves out they will be making noise all over with useless pride in one hand and rampaging poverty in the other.

I got your point but the investors we need now are the one that will be ready to use our resources to create their own product. Let the research and setup lab to research and adopt our raw materials or we develop it ourselves. And if they aren't coming, we should wake up to our responsibility to develop our country and industries by ourselves.

Cmeo:


I got your point but the investors we need now are the one that will be ready to use our resources to create their own product. Let the research and setup lab to research and adopt our raw materials or we develop it ourselves. And if they aren't coming, we should wake up to our responsibility to develop our country and industries by ourselves.

exactly....what we need is technology transfers and not some stvpid foreighn companies that have no idea how to run businesses themselves....

you are surrounded by raw materials in africa and you still want to import....??

they should all fvck off....!!

grandstar:
The company thought things would look up with a new government once Buhari was out of the way.

However, Tinubu has fallen short of expectations.

The elephants in the room are the $7b demand the CBN is yet to clear.

The other is the CBN refusal to fight inflation with gusto by increasing interest rates and the statement that inflation would hover around 21.4% next year. This was the joke of the century.

Government needs to slash company tax to 15% or less. This will drive investment in Nigeria and boost economic growth.

To clear the $7b, the government would need an IMF bailout. However, the IMF won't lend the nation the cash with the CBN's pro inflationary interest rates. It would demand the issue addressed.

It would also demand cuts in the size of the civil service, which would trim government spending. It would also demand the deregulation of the petrol and electricity prices which would further cut government spending. They would also demand liberalization of imports

Many of these proposals are dead on arrival, especially the sacking of civil servants and deregulation of electricity and petrol prices.

Anyways, P&G exit from the country is not a death sentence. Many Nigerian owned companies are taking over the landscape, able to thrive in the harsh conditions of doing business in Nigeria. We have brands such Biggie and Viva taking over the landscape.

Nevertheless, it would be great if P&& stayed.

Yoruba people you guys are something else, you guys mentality is destroying Nigeria economy

TundeBricklayer:

Yoruba people you guys are something else, you guys mentality is destroying Nigeria economy

What does tribe have to do with it? I don't even vote.

It is always tribe with people kike you. If someone supports Tinubu, he must be Yoruba. Do you know many Yoruba voted for Peter Obi? 2 of my first cousins voted for Obi and feel he was robbed. Many others would have but I did not ask.

Yorubas did not even like OBJ. Even Ribadu lost the presidential elections in 2011 in the Southwest despite Tinubu endorsing him.

What I wrote did not even praise Tinubu. If what I wrote was scored, Tinubu would score 4 over 10.

You people and tribe!

tsdarkside:


innoson dey think....??

in a country like nigeria,you are aimin to build big cars....how many people have such money....??

they should be buildin low budget cars and not trying to make hugh profits quick.

like you said,they dont even understand adverstisment either....
how many of us have seen innoson adverstisment before....??

you will see igbos hypin them,but them themselves import second hands from abroad....

Their marketing units dull no be small... Person wey supposed dey run advert with celebrity 24/7... Like also understand your market like doing low budget ... Well I believe they will have their reasons sha .. but at least nobody dey hold am to spend on marketing, fill Facebook , Google , Instagram Twitter news papers... Even do am like easy buy sef for those like civil servants and top people working in companies that will be easy to trace if they default to get them to pay ... Innoson supposed don dey almost everywhere now ... At least one of 30 cars today in Nigeria... The man dey dull ooo ... The team should enter the market like cheap Corolla then wey Toyota use enter US market then ...

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....

Can you imagine this joker. Are you serious? Why didnt your own people open up their own company then, if you thinks it is so easy to open and run a company. you jokers everywhere.

Dsimmer:
If they're only going to import, they should leave the country as soon as possible. Who tell them the people in the country can't import themselves if they want? They're the ones sabotaging this country for us.

Typical of a black man. you leave a man just to chase shadows, what is even wrong with you people in this part of the world.

Fearyourcreator:

Their marketing units dull no be small... Person wey supposed dey run advert with celebrity 24/7... Like also understand your market like doing low budget ... Well I believe they will have their reasons sha .. but at least nobody dey hold am to spend on marketing, fill Facebook , Google , Instagram Twitter news papers... Even do am like easy buy sef for those like civil servants and top people working in companies that will be easy to trace if they default to get them to pay ... Innoson supposed don dey almost everywhere now ... At least one of 30 cars today in Nigeria... The man dey dull ooo ... The team should enter the market like cheap Corolla then wey Toyota use enter US market then ...

i was thinkin the same thing too back then....

who knows innoson in ghana,south africa,gambia,kenya....??

this is the thing with igbos....
them no sabi how to present themselves....

them no sabi anything other than quick money....

Splashme:
When a thief is your president ...
.

fxexperts:
Can you imagine this joker. Are you serious? Why didnt your own people open up their own company then, if you thinks it is so easy to open and run a company. you jokers everywhere.

Typical of a black man. you leave a man just to chase shadows, what is even wrong with you people in this part of the world.

nonesense....nigeria has already pharmacy companies before people started importin substandard medicins themselves....

they can be rebuilt again....
nigeria had a company that even assemble pc maschines....

all went under because of cheaper imports from abroad....

smartphone the same thing too....
we nigerians didnt patronize them....

soo,the knowhow is already here....stop lookin down on yourself....

From frying pan to fire.
Imagine Pampers, Always, Oral, Ariel, Ambi-pur, safeguard, Olay & Gillette now to be imported.
Prices will skyrocket because third-party distributors will milk Nigerians.

I haven't seen or read anywhere about any economic policies or mitigants to encourage these companies to stay put.
Rather it's the padded pockgets and kickbacks they are after.

SMH

sprag007:
From frying pan to fire.
Imagine Pampers, Always, Oral, Ariel, Ambi-pur, safeguard, Olay & Gillette now to be imported.
Prices will skyrocket because third-party distributors will milk Nigerians.

I haven't seen or read anywhere about any economic policies or mitigants to encourage these companies to stay put.
Rather it's the padded pockgets and kickbacks they are after.

SMH

pay them from your own pocket to stay put....

finish with this western dreams phantasies....

some of you even started orderin pizzas from abroad back then with jonathan....
nonesense....

tsdarkside:


i was thinkin the same thing too back then....

who knows innoson in ghana,south africa,gambia,kenya....??

this is the thing with igbos....
them no sabi how to present themselves....

them no sabi anything other than quick money....

What I noticed about them is , business that don't bring much profit margins you won't see them there... Especially original products , but used and substandard them full there cus it's profit margins swallows original products

Fearyourcreator:

What I noticed about them is , business that don't bring much profit margins you won't see them there... Especially original products , but used and substandard them full there cus it's profit margins swallows original products

we shouldnt be scared to call them out for what they are doing....
they be sabotagin the nigerian economy but still be pointin fingers at others....

tsdarkside:


we shouldnt be scared to call them out for what they are doing....
they be sabotagin the nigerian economy but still be pointin fingers at others....

This is what annoys me most .. pointing fingers to other for what they do most ...same with drugs too ...

Fearyourcreator:

This is what annoys me most .. pointing fingers to other for what they do most ...same with drugs too ...

that worse pass....they will still point finger at you no matter what you say and how many proof is around....

fxexperts:
Can you imagine this joker. Are you serious? Why didnt your own people open up their own company then, if you thinks it is so easy to open and run a company. you jokers everywhere.

Typical of a black man. you leave a man just to chase shadows, what is even wrong with you people in this part of the world.

Will you keep quiet?

Why come to the country to come and import? Na craze?

Is there any country not hosting foreign companies? China hosts apple manufacturing company where labour is cheaper yet they haven't left for their inconsistent policies,why would P&G,GSK suddenly leave and you are here talking like a drunken fool about they are concerned about dollar?. Which business do you run currently that is into Fast commodity goods? Is it not gbegiri ati ewedu that you pound daily thinking you are into manufacturing or packaging?

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....

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

1the banking sectors aren't well paid compared to d cost of living
2 you can't compare the both sectors manufacturing and banking sector..one imports materials and machinery..runs diesel.. morning and night..

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

1the banking sectors aren't well paid compared to d cost of living
2 you can't compare the both sectors manufacturing and banking sector..one imports materials and machinery..runs diesel.. morning and night..
3 I worked for dangote salt portharcourt, I know d experience cheap labour poor safety measures

tsdarkside:


that worse pass....they will still point finger at you no matter what you say and how many proof is around....

Lolzzz .. people already know them now, so obvious the kind they are

sweetgala:


It isn't good but it can become an opportunity for others. Their absence should spur someone to fill the vacuum, a $50million net sales is decent for a manufacturer with big dreams and plans to expand.

They have equipment already in Nigeria and a manufacturing plant someone who has a decent plan can seek to acquire that. The biggest issue for Nigerian investors is actually financing because the foreign companies seek to repatriate their profits while a local owner doesn't care as much for that.

Production in Nigeria is too expensive. This companies are front for importation business. Running a company in Nigeria without being in control of its materials outside the country is a huge responsibility.
When the foreign ingredient is out from it, we get to feel the full load. I think this is what we are witnessing with product whose local factory left the country.

tsdarkside:


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....

All this epistles just to tell me how badly it hurts


May God help you child of God