anungangampu:
This isnt good at all. Achievement of other Presidents getting bastardised.
If there is something this foreign companies are seing we are yet to see ?

2024 will reveal alot.

No we are seeing everything they are seeing.

tsdarkside:


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....

Well..that tells you power is might. After WW2, the Americans replaced the existing gold mechanism with Brenton wood systems. Just the way their forebears Brits and French divided up the rest of the world into their colonies and milked the resources.

And you still want to know why? They can easily drive their floating war machine to your backyard and ask you to give up your resources at gun point . Ask Iraq and Syria about this; they will tell you better.

tsdarkside:


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....

This nairaland alone to draft a stats that Nigeria carry many idiotic youths... Bandwagon mentality... They see the few others who don't think in their direction like you don't want good for this nation ... Person abuse on top innoson matter yesterday ... I was like how many of you igbos are using his vehicle sef .. I said the man should spend on marketing more .. and bring his factory even if it's assembling plant to ogun Lagos porthacourt to get more customers when I saw he only spreads in the east and serielone ... I was like Wetin be this well na his business Sha... Other Nigeria matter , the government does not want people to import again .... Just like oraimo accessories, why can we have factories that does all this things here .. people just want it soft ... But this people making this things in their own countries too go through the stress to do them but why we are like this in this country I don't just know... Many things are not the government fault but the mentality of the masses . It's really tiring

owagbeba:


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.

am not doing import....soo i dont care....

owagbeba:


Well..that tells you power is might. After WW2, the Americans replaced the existing gold mechanism with Brenton wood systems. Just the way their forebears Brits and French divided up the rest of the world into their colonies and milked the resources.

And you still want to know why? They can easily drive their floating war machine to your backyard and ask you to give up your resources at gun point . Ask Iraq and Syria about this; they will tell you better.

bwahaha....

am laughin soo hard am crying right now....

wirinet:
and my friend Deepsight would posit that the worst of democracy is better than the best of military dictatorship.

Haba, good brother, I am not sure this is the way I put it. This characterization may not be fair to me. After all, benevolent dictatorships have often made very successful governments throughout history, and yes, democracy does have many pitfalls - a thing which a philosopher like Plato articulated very well. The reality though, in the contemporary world, especially contemporary Africa, is that nothing is more dangerous than absolute power. Also, as terrible as our democratic experience has been, no, I do not accept that it has been worse than our time with the military. Happily I was old enough during the time of IBB and Abacha to feel it and understand it enough to appreciate just how much of a no-no it is in this clime.

You see, the problem with our democracy is that it is not yet mature. Give it time. It is still evolving. There are certain things that will become impossible with time. To give you a small example, when OBJ came in as President in 1999, he removed several State Governors through a declaration of a State of Emergency after which he would appoint a military administrator for the state. This was very illegal. But it happened. As jungle dey mature, that sort of thing cannot repeat itself. We have evolved past it. In the same way, democracy has a way of self-correcting over time. Many things which we are appalled at today will be impossible tomorrow.

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.

Oga, this is business. They are here for profit pls. Are they charity organisations? Why then do they pack up and leave when its no longer favourable for them?

Blazebond:
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 .

GlaxoSmithKline stopped making Augmentin antibiotics in Nigeria and the price jumped from N10,000 to N43,000, and this is without the hundred thousand percentage tax you are suggesting. Ventolin inhaler has jumped from N6,000 to N20,000. Are you now suggesting the government ban Augmentin or Ventolin inhaler without adequate replacement? Someone with a life threatening asthmatic attack would be ready to sell his property to buy it matter the cost.

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.

You do not seem to understand the gravity of some of these so called Foreign Organisation,who claimed to be working here in Nigeria!
•How can you say ' during Military like Abacha'& what most of the Military did were Selfish and Self-Serving,for the same Abacha terribly looted our Resources- that some people became Billionaires,just because they are errands - for doing nothing! How come up till now Europeans are still Repatrating Money Illegally looted by him and his co- conspirators?
•If P& G have been working well in Nigeria, what is the Contents of their Raw Materials derived locally- 40% or more or why is it now they just want to specialise in Importations?
•What is the % of Foreign Currencies they will be asking for in their New Operations?
See,most of these Companies - have not been true to their Products and Production callings- with support of very Corrupt Nigerian,in their Management!
All I see is the Foreign Currencies they are after and may be because the Present govt is blocking loopholes and no more free launch!
That doesn't mean,there are not good Companies in Nigeria, with good intentions - yet do Source the Forex,Export their goods abroad and bring back the Forex received but more needs to be done by Federal Govt and other Agencies ,in Monitoring like-NAFDAC,Raw Materials Institute, Science and Technology Innovations,etc and continuous improvements in our local Raw Materials- to save the nation from Corruption!

tsdarkside:



this foreighn companies dont hire that much nigerians as una think....
its all propaganda....

before defendin any of this foreighn companies,go find out how many nigerians they realy hire....

Hi Kid.
These companies hire THOUSANDS of Nigerians directly.

That means that they are probably feeding HUNDREDS OF THOUSANDS of Nigerians directly , and probably millions of Nigerians, if you count the associating supply businesses and service businesses e.g raw materials, logistics, farmers, advertiser's, security, etc.


You might need to calm down, and learn from the experienced ones

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....

This person is the definition of stupidity.
The school you attended is school every parent should blacklist, no child should ever attend that school hence he will end up being a daft nuisance to the society.

tsdarkside:


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....??

You need to ask those who know the company well.
They hire thousands directly.
Don't worry, it's not hearsay, I know.

Fearyourcreator:

This nairaland alone to draft a stats that Nigeria carry many idiotic youths... Bandwagon mentality... They see the few others who don't think in their direction like you don't want good for this nation ... Person abuse on top innoson matter yesterday ... I was like how many of you igbos are using his vehicle sef .. I said the man should spend on marketing more .. and bring his factory even if it's assembling plant to ogun Lagos porthacourt to get more customers when I saw he only spreads in the east and serielone ... I was like Wetin be this well na his business Sha... Other Nigeria matter , the government does not want people to import again .... Just like oraimo accessories, why can we have factories that does all this things here .. people just want it soft ... But this people making this things in their own countries too go through the stress to do them but why we are like this in this country I don't just know... Many things are not the government fault but the mentality of the masses . It's really tiring

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....

caye:


You need to ask those who know the company well.
They hire thousands directly.
Don't worry, it's not hearsay, I know.

hahahaha....

gatemen....??

office cleaners....??

you know but you dont present stats....
i can google it....

tsdarkside:


hahahaha....

gatemen....??

office cleaners....??

you know but you dont present stats....
i can google it....

Just try to calm down, pls.

caye:



Hi Kid.
These companies hire THOUSANDS of Nigerians directly.

That means that they are probably feeding HUNDREDS OF THOUSANDS of Nigerians directly , and probably millions of Nigerians, if you count the associating supply businesses and service businesses e.g raw materials, logistics, farmers, advertiser's, security, etc.


You might need to calm down, and learn from the experienced ones

show us stats....!!

simple....
am not somebody that believes what people say....

caye:


Just try to calm down, pls.

where is the stats....

tsdarkside:


show us stats....!!

simple....
am not somebody that believes what people say....

We know you

Any company that want to go should please be fast to go. Out economy don't need rent seekers anymore but those with genuine interest that will use our local materials to develop their products not those who transfer money to their foreign parent companies in different frivolous way.

Tntsi:


Shame on you. You are curse to humanity.
Qwantinue to defend this curse on the land.
It will collapse on your head soonest.

Becarefull of what you said to people on internet. There are folks you should not speak against - Ps 2:12
I know you will tivialize this until you are hit economically.
If if hate the president don't drag anyone gum-body.

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....

Mumu, a typical agbadorians.
But our leaders go to other countries begging for foreign investors.
No county can grow without attracting investment from foreign countries.

Jokerman:


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

thousands shame to APC government forever to ever

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 of business o

about 5000 jobs lost

The snatch, grab and runaway crooner is gallivanting and globetrotting around deceiving his miscreants that he is looking for investors while the one already in the country are leaving in droves. Who do us this thing?

sweetgala:


Una no go stop this your head banging, just because Tinubu won presidency.

Over 8 million votes spread across Nigeria, the whole of his SW votes doesn't even reach 4million. Continue! You only have 3 more years to go or maybe that should be 7 years

Lol, na only me dey buy rice #50k abi fuel #680?? You can never use your senses, no be like this you take vote and defend buhari for 8 wasted years?

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....

without foreign companies nigeria can't survive because any company you hire a Nigerian to manage will collapse under six months

Jokerman:


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

Tinubu claims that he is attracting foreign investors that are promising him to start business in Nigeria but the existing business are all closing shop and leaving the country. God punish anyone that abused GEJ and buhari for cluelessness but chose to remain silent now or praise this clearly confused tinubu.

Reference:
We warned them (government) to take inflation seriously, but their fanatics said we talk too much.
They said they were looking for foreign investors.
Foreign investors that will watch their investments watered down by 30 percent inflation every year?
Who does that.

If you want to go farm and seek for land to lease only to be told that the former lessors of the one you see have been chased out of business by a massive grasscutter infestation. Won't you tell the land owner to clear the problem first before placing it on the market or will you foolishly become the next victim?

Oya, answer, the grasscutters are waiting for a replay..... saying 'what ya gonna do?....

Oga you no get sense at all.
Which kind person you be.

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....

Cmeo:
Any company that want to go should please be fast to go. Out economy don't need rent seekers anymore but those with genuine interest that will use our local materials to develop their products not those who transfer money to their foreign parent companies in different frivolous way.

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.

The reason Nigeria is where it is now is because of Buhari’s uselessness . This is why I believe someone like him and Emeifele should be shot publicly. These companies were doing business normally when $1 was 196 Naira . The. Suddenly they kept making the same money in Naira but wayyyy less in dollars . In fact their local sales improved but the dollar equivalent became shit . Now with Tinubu , cost of operation has increased , exchange rate has gone through the roof . From a business standpoint , it is no longer worth it .

As it is now , local business cannot fill the gap without prices skyrocketing . Same happened to rice . We really don’t have leaders only robbers !

Ezmans:
without foreign companies nigeria can't survive because any company you hire a Nigerian to manage will collapse under six months

nigeria cant survive without foreign companies....

what does that even mean....??

africa is hugh for cryin out loud....!!

what the hell are you guys lamentin on my head since yesterday about....??
am sayin they are only after the dollars and i automaticaly commited high treason....??

this brainwashin is very strong in una indeed....