taylor88:
Doctors and nurses are leaving

Now the almighty Glaxosmithkline has left after 51yrs

By the end of 2025 we will be left with native doctors and Dr. igodo koko cleansers

EBola Tinubu the tax collector is actually working Haahahahahahaha
Hahahahahaha. Dr. Igodo what?

Abi you no dey feel am?

ecolime:

This means the operating environment is harsh and not conducive enough for their operations.


Guys, lets just pray we don't have major sicknesses. Almost all the best Doctors in Naija are leaving this country in droves.

Went for a routine checkup earlier, my Physician don JAPA. His replacement looks and talks clueless.

Na young Doctors full everywhere. Dem be like IT students.

HNICEARTH:


Talk is cheap. You think profitable production is having an over bloated workforce like the nigerian civil service?

Alot of production especially is pharma and food industries are automated with few personnel ensuring set parameters and quality control are functional. You only need much personnel in management/admin and sales end part of it.

DaddyFreeze2020:
The Igbos will start importing their products and selling at a higher price to Nigerians which will make them rich, while the Federal Government turns a blind eye to fixing the reasons why they left Nigeria

The Igbos will benefit massively from this, while their Yoruba counterparts in SW will keep prostrating to Tinubu to give them their daily bread after insulting the Igbos online

References:




https://www.thecable.ng/gsk-nigeria-shuts-down-operations-to-return-capital-to-shareholders/amp

References:




https://www.thecable.ng/gsk-nigeria-shuts-down-operations-to-return-capital-to-shareholders/amp

taylor88:
Doctors and nurses are leaving

Now the almighty Glaxosmithkline has left after 51yrs

By the end of 2025 we will be left with native doctors and Dr. igodo koko cleansers

EBola Tinubu the tax collector is actually working

Abi you no dey feel am?

taylor88:
Doctors and nurses are leaving

Now the almighty Glaxosmithkline has left after 51yrs

By the end of 2025 we will be left with native doctors and Dr. igodo koko cleansers

EBola Tinubu the tax collector is actually working

Abi you no dey feel am?

taylor88:
Doctors and nurses are leaving

Now the almighty Glaxosmithkline has left after 51yrs

By the end of 2025 we will be left with native doctors and Dr. igodo koko cleansers

EBola Tinubu the tax collector is actually working

Abi you no dey feel am?

casualobserver:
A whole GSK employs ionly 290 people? doesnt that show that they dont have much of an impact in the economy? Like Unilever a few weeks ago, the truth is much of their business has been taken over by domestic companies. In the case of GSK, much of their medicines are out of patent. Every dick and harry is manufacturing pain killers and generic anti-biotics, we see their adverts all the time on youtube or tv. people are complaining that Augmentin has gone up but Augmentin is merely a brand name for amoxicillin/clavulanate potassium, there are cheaper generic Amoxicilin in the market because they are out of patent. thats why they are leaving. they do not have enough drugs still under patent.

The way pharmaceutical companies work is this: you do research and develop a medicine. youare granted a patent which may last 10, 20 25 years etc. During that period, the medicine may cost you N100 to produce but you can sell it for N10,000 to recover your r&d costs. Once your patent is over any tom dick and harry can manufacture the same product and sell it for N100 and sell it for N200. Nobody is going to see the same product for N200 and pay N10,000 simply because it is manufactured by GSK. Thats the problem with GSK, not that the Nigerian economy is bad.

The departure of these companies is not neccesarily a statement on the state of Nigeria but more a statement of the inability of these companies to compete with cheaper local manufacturers.

taylor88:
Doctors and nurses are leaving

Now the almighty Glaxosmithkline has left after 51yrs

By the end of 2025 we will be left with native doctors and Dr. igodo koko cleansers

EBola Tinubu the tax collector is actually working
Read and digress well Biafra apologist. The decision was made before PBAT became our president.
For those of you trying to give Nigeria a bad name before the global community because your preferred candidate lost the election (this is happening for the first time in Nigeria no thanks to a particular region), you should know that, even if you don't have the opportunity or capacity to travel out someone close you will... what you do today will hunt you tomorrow

Abi you no dey feel am?

mariahAngel:
They no longer want to operate in Nigeria, but still want to sell their products through a 3rd party distributor?

YouAreNobody:

You yourself know this thing you spewed is bunkum. Is 290 people not a lot? This doesn't even include the people indirectly employed by them. An international company just exited the country due to the harsh business environment and you're downplaying it like it's nothing. If 10 of them exit, how many will be left?

raskymonojendor:
They can't compete with Indian manufacturers and marketers who now dominate the Nigerian market.

Say hello to King Charles as you return home.


It's cheaper that way for them, but they still won't be able to compete with Indian manufacturers due to low cost of production in India.

ecolime:

This means the operating environment is harsh and not conducive enough for their operations.


Guys, lets just pray we don't have major sicknesses. Almost all the best Doctors in Naija are leaving this country in droves.

Went for a routine checkup earlier, my Physician don JAPA. His replacement looks and talks clueless.

Na young Doctors full everywhere. Dem be like IT students.

casualobserver:


You clearly do not know what you are talking about. 290 people for a company like GSK is peanuts. Ordinary Fidson a nigerian company in the same industry employs 215, UAC for instance employs over 1,300 people. MTN employs 1,700. Dangote employs 11,000 excluding their transport workers, Guiness employs close to 1,000, UBA employs 20,000.

The point is they are not that important. they employee strength in minimal for a multinational of their size and their products are replaceable and indeed have been replaced by local manufacturers which is why they are quitting.

They only have name, they contribute little to our economy and exploit us with huge prices, they are a parasitic company...good riddance!!

casualobserver:


My friend you are the ignoramus. GSK globally as a company has been having problems for a long time. There drug pipeline and drugs under patents has been shrinking. They even had to sell their Lucozade and Ribena business some years ago to help restructure their business. Like I said the problem with GSK is they don’t have enough drugs under patent. Stop viewing g everything Nigeria as bad news. You should be celebrating that Nigerian companies are effectively competing with foreign pharmaceuticals to they point where our local companies are driving them out of business and keeping the profits in Nigeria.

Name a drug/vaccine GSK sell in Nigeria and I will tell you the generic equivalent either manufactured in Nigeria or Imported from India.

This pull out is not about Nigeria but about the uncompetitiveness of GSK.

Like I said the fact that a local pharmaceutical Fidson has a staff strength of 219 compared to the 280 for a big multinational GSK with all their power and might tells you they never had or had lost market share in Nigeria.

Be it pharmaceuticals, FMCG we should all be celebrating that local manufacturers are coming of age and driving the multinationals away. Be it things like yoghurt, soft drinks, beer, medicines, soaps, edible oil, foodstuffs etc, Nigerian manufacturers are coming of age, holding their own and beating the multinationals and driving them out of the country.

casualobserver:


My friend you are the ignoramus. GSK globally as a company has been having problems for a long time. There drug pipeline and drugs under patents has been shrinking. They even had to sell their Lucozade and Ribena business some years ago to help restructure their business. Like I said the problem with GSK is they don’t have enough drugs under patent. Stop viewing g everything Nigeria as bad news. You should be celebrating that Nigerian companies are effectively competing with foreign pharmaceuticals to they point where our local companies are driving them out of business and keeping the profits in Nigeria.

Name a drug/vaccine GSK sell in Nigeria and I will tell you the generic equivalent either manufactured in Nigeria or Imported from India.

This pull out is not about Nigeria but about the uncompetitiveness of GSK.

DaddyFreeze2020:
The Igbos will start importing their products and selling at a higher price to Nigerians which will make them rich, while the Federal Government turns a blind eye to fixing the reasons why they left Nigeria

The Igbos will benefit massively from this, while their Yoruba counterparts in SW will keep prostrating to Tinubu to give them their daily bread after insulting the Igbos online