edenex:


Yea. Those backyard women are employing 1000s and producing world class products

specialmati:
the thief only came to steal , destroy and perish what is left . .this is the period for all the touts and agberos nairaland branch to be useful .does it mean they don't have any advice to give their chairman to get the country back on track

Zxcvbnmghtr:


When last did you even come across OMO detergent.

santaclaws:
They can leave. Their main reason is reduced sales according to them and Nigeria is just leaving a recession, coupled with our fight against inflation. They're not the only ones who experienced a plunge in sales, a lot of Nigerians were forced to cut down on their expenditure and it affected businesses.

This is why the govt must support indigenous businesses cos all these foreign businesses have no real stake in the country. Once they can't maximise profit, they jet out. Only local businesses can bear with the country through hard times, just like BUA cement & Air Peace...

Treadway:
that is produced by unilever which has also exited, not that you would know either of these two facts.

Great achievements to have multinationals that have been around for 100s of years all closing shop. E patewo fun Tinubu👏

Krankhead:
So because of Nigeria they want to live Africa. If they So patriotic why not live Nigeria and go to other African countries

nams77:

When people like you talk I shake my head in consternation! Do you know the job loss that will follow? Do you know the ripple effect that will come from this? Loss of tax to government, job loss.
Tell me one modern country that has only indigenous companies? Why are you folks so wicked and f0olish at the same time
Do you know that apple and Starbucks ( both American firms) are in China. Do you know that Toyota plants are in Canada and the U.S? Why are you people so f00lish and devilish at the same time

TruthOff:


Can you guys imagine when Bulgari was contesting for 2015 elections. $1 = 216 naira.. fast forward 9 years later.. its like $1200 - $1300... Imagine in less than 10 years.

nams77:

When people like you talk I shake my head in consternation! Do you know the job loss that will follow? Do you know the ripple effect that will come from this? Loss of tax to government, job loss.
Tell me one modern country that has only indigenous companies? Why are you folks so wicked and f0olish at the same time
Do you know that apple and Starbucks ( both American firms) are in China. Do you know that Toyota plants are in Canada and the U.S? Why are you people so f00lish and devilish at the same time

chieveboy:
The rise of numerous Nigerian companies with better or competing products contributed to the sales plunge.

Many women now produce soaps from their backyard.

This is not bad at all.



Yes I did. They will go look for available local or even international companies to render their services to or setup small-scale factories to that effect, which was how PZ itself started.

Nothing is lost from the macro viewpoint.

santaclaws:


Did you even go through the post? Get a hold of your emotions and stop acting like a baby crying for breastmilk!

Their reason for leaving has more to do with low sales, not any unique economic disadvantage. Same low sales affected Igbo, Yoruba and Hausa businesses in Nigeria, nothing new. So what should the government do for them to increase their profits? Should the government patronize them so they can stay or what? Or we should start begging them on social media, cos you claim to reason but you don't know what you're writing.

Racoon:
The destructive APC government is just wasting Nigerian lean resources on a useless jamboree of going to attract foreign investors or investment. Provide the right environment and see investors pursuing you .

santaclaws:
They can leave. Their main reason is reduced sales according to them and Nigeria is just leaving a recession, coupled with our fight against inflation. They're not the only ones who experienced a plunge in sales, a lot of Nigerians were forced to cut down on their expenditure and it affected businesses.

This is why the govt must support indigenous businesses cos all these foreign businesses have no real stake in the country. Once they can't maximise profit, they jet out. Only local businesses can bear with the country through hard times, just like BUA cement & Air Peace...

shortgun:

Abeg just shut up

chieveboy:
The rise of numerous Nigerian companies with better or competing products contributed to the sales plunge.

Many women now produce soaps from their backyard.

This is not bad at all.



Yes I did. They will go look for available local or even international companies to render their services to or setup small-scale factories to that effect, which was how PZ itself started.

Nothing is lost from the macro viewpoint.

ferhyntorlah:


Well said sir.

When the situation improves, which it will, they will want to come back.

SMH.

OmihaniFARH:
This one never do one year for office multinationals don dey leave the country. Nah wa o

tradepunter:


You are trying too hard to sound rational but ended up been stupid..... How will compare back room producers who negligible and zero impact on the wider market...... And mind you the manufacturing process have some dangers since it's requires mixing some chemicals at stable conditions..... Even our local brands are an offshoot of these international guys because majority of the technology and technical know how was green lighted by the foreigner players..... Please next time if you don't know something try to keep shut cuz many of us have been in the entire value chain for a long time......

Do you even know what it takes to integrate the antiseptic agents to products to make sure it effectively kills germs? You think your local household soap maker have the capacity to integrate it??