peeps4u:
Lalasticlala, didn't Buhari recently say investors were falling over themselves to come to Nigeria?

izzou:


I have no problem with anyone voting Buhari because of tribal or religious reasons

But voting Buhari because of his policies and because you think he's the best amongst others candidates shows that you are either still eating your mother's food, or you don't have any sense left in you.

P&G have been in business here for more than 2 decades, and a new plant commissioned in 2017 is being put up for sale in 2018? Na wa

oyegbe:
if they knew that getting up to even 50% of raw materials in Nigeria is difficult then they shouldn't have spent that money in setting up any factory in Nigeria. It's good to have a nice feasibility study before engaging in that type of business.

olaoreawofele:
Buhari has nothing to do with P&G's problem. The problem of P&G is within the company and its global leadership. Moreover, the products are not selling because of competition. Aside, more companies have made inroads by establishing factories producing same products P&G sells. It is no secret that Nigerians love the foreign made diapers.

olaoreawofele:
Buhari has nothing to do with P&G's problem. The problem of P&G is within the company and its global leadership. Moreover, the products are not selling because of competition. Aside, more companies have made inroads by establishing factories producing same products P&G sells. It is no secret that Nigerians love the foreign made diapers.

Organism000:


Yeah, my factory was shut down and I also shelve the idea of a larger on I had already completed drawings, site construction and surveys for. I have decided to focus on alternative investments that brings in less cashflow but which guarantees me a stable piece of mind. There is no point hiring an army of people without making much profits in the name of having a large business.

Nigeria has really deteriorated since Buhari took over. Import charges and taxation are just going up unpredictably.

Boss13:
They didn’t state the reason why they are shutting down. The proposed products the plant is expected to
Manufacture are fast moving. Didn’t they do their NPV and IRR analysis and also take into consideration other external factors and risks.

Well I wish them well

oyegbe:
if they knew that getting up to even 50% of raw materials in Nigeria is difficult then they shouldn't have spent that money in setting up any factory in Nigeria. It's good to have a nice feasibility study before engaging in that type of business.

Organism000:
Cost of doing business in Nigeria is very high, the near absence of Electricity is yet another crisis. I am personally closing my plans for factories now and I have divested my interests to businesses that are less dependent on electricity and importation of concentrates.

The country has no hope for now.

izzou:


I have no problem with anyone voting Buhari because of tribal or religious reasons

But voting Buhari because of his policies and because you think he's the best amongst others candidates shows that you are either still eating your mother's food, or you don't have any sense left in you.

P&G have been in business here for more than 2 decades, and a new plant commissioned in 2017 is being put up for sale in 2018? Na wa

SalamRushdie:
What do you expect when we have a Federal Govt who is applying all it's vision , ingenuity and creativity on continuing an 18 century script on conquering small middle belt tribes as opposed to growing the Nigerian economy

izzou:


So a company as big as P&G, with over decades of experience doing business all over the world, and invested about $300 million building a plant, didn't do a NICE FEASIBILITY STUDY, according to you?

You are very funny, you know

biafranation:
Afonjas calling on government to come and rescue a multinational because their own over 120 were laid off? Who has come to rescue the Igbos? Go and vote for Buhari again nah. You think Igbos wil suffer under Buhari? You are dreaming. Afonjas are undergoing the greatest hardship since creation.

Sirjamo:
This is the kind of news Sadist like you pray for in your own father land, I am sure you where not happy when the plant was commissioned under Buhari, now you are happy it's shutting down!

Sirjamo:
This is the kind of news Sadist like you pray for in your own father land, I am sure you where not happy when the plant was commissioned under Buhari, now you are happy it's shutting down!

slimfit1:
The government should band them from importing anything or any of their products simple.