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....

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

iwaeda:

They are wasting scarce resources to travel round the world. Everyone is leaving creating unemployment, APC is really a cancer. Nigeria will rise against this evil team.

Ojuntana:
APC is a natural disaster
Mismanaged our unity in diversity
Destroyed our once booming economy
Messed up our internal security
The only thing they are good at is recruiting miscreants for lies and propaganda

immortalcrown:
"Hit the ground running."

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

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.

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

PHIPEX:
They keep leaving while we keep on looking for more foreign investors rather than plugging the hole that's making them leave.

How about grooming more local investors?

nedu666:
I don't blame them. Like seriously a country of 200 million people generated a net sales of $50 million dollars. As in that is the height of poverty. Nigerians purchasing power has taken a serious hit

codemaniacs:


That's 50 billion naira.

If $1 was equal to 30 naira they won't be complaining.

You're wrong it's not the purchasing power that has taken serious hit it's the naira's exchange rate that has taken a massive hit.

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....

nedu666:
I don't blame them. Like seriously a country of 200 million people generated a net sales of $50 million dollars. As in that is the height of poverty. Nigerians purchasing power has taken a serious hit

OmoGomesIlorin:


There is nothing special in their business lines.

What exactly does Procter and Gamble do?
The company's product portfolio comprises conditioners, shampoo, male and female blades and razors, toothbrushes, toothpaste, dish-washing liquids, detergents, surface cleaners and air fresheners.

victorVIC1:


You are contradicting yourself. The post clearly shows that P&G is switching fully to import based operations. This implies they are shutting down local production. If indeed you are in support of the need to expand local manufacturing then the original post shouldn't appear as good news to you.

owagbeba:



It is very difficult to do business in Nigeria. P&G import raw materials for their local production. Just like many business including mine, it is difficult accessing forex.

Take this example

You have a shipment worth 70,000USD at Apapa port. You apply for form M, then you pay 300k SON documentation to apply PAAR.

You get a surface duty of 10,500,000 which goes up to 15,000,000 After DTI computation and entry.

You pay your stipulated, only to see on Ascoda system that your import has been alerted by the same folks at Abuja that issued you PAAR for no reason. Then you begin negotiating for the cancellation of this alert. Negotiation equals settlement in this part of the world. You go through the hoop settling myriad of agencies: police, CIU, SoN, DC squad , chief examiner. Etc.

Finally you get an exit note. Customs at Gate now queries your exit note. They say your 20% duty rate is not sufficient. Government has a target to meet. You have to settle or else you get a DN. When you are done with all these groups eager to get a bit off you, you are faced with another group on the roads: FOU and Agbero. The whole process of doing anything in this country is sooooooo frustrating .

The funniest part… don’t ever think the past is gone. There is a new group called customs post audit. They review all previous releases and re-issue DN on these cleared cargos. Every dept has a target to meet. You must cough up or be damned…. Go figure!

owagbeba:

It is very difficult to do business in Nigeria. P&G import raw materials for their local production. Just like many business including mine, it is difficult accessing forex.

Take this example

You have a shipment worth 70,000USD at Apapa port. You apply for form M, then you pay 300k SON documentation to apply PAAR.

You get a surface duty of 10,500,000 which goes up to 15,000,000 After DTI computation and entry.

You pay your stipulated, only to see on Ascoda system that your import has been alerted by the same folks at Abuja that issued you PAAR for no reason. Then you begin negotiating for the cancellation of this alert. Negotiation equals settlement in this part of the world. You go through the hoop settling myriad of agencies: police, CIU, SoN, DC squad , chief examiner. Etc.

Finally you get an exit note. Customs at Gate now queries your exit note. They say your 20% duty rate is not sufficient. Government has a target to meet. You have to settle or else you get a DN. When you are done with all these groups eager to get a bit off you, you are faced with another group on the roads: FOU and Agbero. The whole process of doing anything in this country is sooooooo frustrating .

The funniest part… don’t ever think the past is gone. There is a new group called customs post audit. They review all previous releases and re-issue DN on these cleared cargos. Every dept has a target to meet. You must cough up or be damned…. Go figure!

Princebest:
Sad. I pity those that will be out of job as a result of this.


Thing like this is why being self employed is still the best.



Check my Bio for easy skills to help you start up something for yourself.

gigfx:
This type of news will be a common type going forward, those coys even try to be in operation up until now. The day Emilokan said petrol subsidy has being removed, for any fast thinking citizen supposed don know all this will happen and this type is just the beginning, more coys to join and more unemployment will follow. Crime is another think that will increase.

For a govt that removed subsidy and continue spending like say nothing happen to the economy. The shame is on the cizitens especially those ones that will praise govt, on hearing some stupid promises.

Anywhere in the world, people dont praise govt, they are not using their papa or mama money, they are using our collective resources and Tax generated from me and you and coys like this one.

If all these coys close and no enough corporate tax for govt, just know that the burden go still come ontop those managing with the little job they have.

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....

Daystar7:



You just displayed stark illiteracy. Shameless

YourGFsnatcher:

I hope all foreingers leave your country and place a sanction on it so that you will go back to Stone age. Failed people