₦airaland Forum

Welcome, Guest: Register • Login • With Google • Trending • Recent • New

Stats: 3,344,628 members, 8,512,863 topics. Date: Wednesday, 04 November 2026 at 06:51 AM

Toggle theme

Multinational Companies Exit Nigeria Amid High Operating Cost - Politics (6) - Nairaland

Nairaland Forum › Nairaland General › Politics › Multinational Companies Exit Nigeria Amid High Operating Cost (35752 Views)

1 2 3 4 5 6 7 8 Reply (Go Down)

Re: Multinational Companies Exit Nigeria Amid High Operating Cost by vannessa7(f): 11:47am On Aug 26, 2023
lolu2019:
but,we are not wailing nah.y u dey cry for our headache.
I'm surprised at their wailing and ranting o, imagine these people who claim billionaires now feeling the heat of economic changes more than the so called brown roof poor people, isn't God mysterious. They are not ready to pay any price for success in Nigeria but will gladly slave in a foreign land to succeed, they want free everything, they want to be living lavishly on free everything, and the rich will get richer because most of those free things go to them, imagine Nigeria paying subsidy on fuel for another country to use, and in the future our coming generations will have nothing to inherit because of our wastefulness, china closed it's borders and tighten it's belt for 40years before it developed, they only consumed local goods thereby growing their local industries, now the whole world is indebted to them, I'm sure after 8years of Tinubu we will look back and smile because someone that is blocking wastages, making Nigerians to pay up, making policies that will benefit us in the long term cannot leave us worst off than before he came. It's even refreshing to see less traffic jam in Lagos, less pollution, you only go out when it's necessary, one thing I'm sure of is that the gain of all this changes will start manifesting latest in two years time. Reversing after going in the wrong direction for a long time needs sacrifices, not pampering.
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by 77star:
UnfairLife7:
hahahaha poor wretched old man. 30k stipend collectors grin

I am a proud Yoruba man stop thinking only igbos hate your old frail Emilokan. At least your Emilokan lost Lagos. When i was coming back from work last week, the bus driver a Yoruba man was laying curse on your Emilokan. He was just angry. Passengers were laughing at him saying are they not the ones who voted for him. The driver said God forbid. He didn't vote for Emilokan o. He knew he has nothing to offer Nigerians just like his predecessor Buhari the failure grin

He said he collected money and other stuff but he didn't vote for him because he's tired of APC. Thinking that everyone who doesn't support your useless corrupt leaders are igbos make you more foolish as people already know you RONU people grin

Mashafani omo irankiran
Racoon:
shocked It is only an irredeemably stupid, senseless and useless person that we defend the wickedness of the evil government on seat today.
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by Fearyourcreator: 11:52am On Aug 26, 2023
UnfairLife7:
your life and your entire family lives will experience what Nigeria is today. Your entire miserable life shall be like what Nigeria is today. Ameen
Arindin ni e Se... Face the reality ... Go check the promotional video of MKO 93... Oponu... Na today Nigeria spoil... You pikin of today want everything now now... Sit your ass down and see how things are being done in your community before pointing to one man werey oloshi... Check your own family sef how many truly send your papa ... Make research about those saner climes una like to compare Nigeria with see how much runs their government each state with far less population with Nigeria ...and also see what their citizens contributes monthly... Nothing is free anywhere... But for here make e just soft all of a sudden... Dey play oponu ... Face reality if you no gree na you and your papa Sabi that one... It's a gradual process ... No be today Nigeria spoil ... If you can't calm down go Niger or Togo .. eyin osinwin olodo... Many of you messed up your own life but wanting to blame the government for everything... Eni shorire ... Eyin Omo werey ... Drink s,Smoke weed and some hard drugs and carry useless girls be una hobby
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by lomprico(m): 11:53am On Aug 26, 2023
finallybusy:
Since we already import everything, this won’t make a difference. Na japa sure pass.
Jobs will be lost
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by Fearyourcreator: 11:55am On Aug 26, 2023
77star:
Racoon:
shocked It is only an irredeemably stupid, senseless and useless person that we defend the wickedness of the evil government on seat today.

I dedicate the above statement to you (fearyourcreator)
To your loved ones as e dey there .. you go cry tire na me talk am till you go put your hand into something that will hasten your death to prove yeye point ... Orun lala
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by vannessa7(f): 11:59am On Aug 26, 2023
UnfairLife7:
hahahaha poor wretched old man. 30k stipend collectors grin

I am a proud Yoruba man stop thinking only igbos hate your old frail Emilokan. At least your Emilokan lost Lagos. When i was coming back from work last week, the bus driver a Yoruba man was laying curse on your Emilokan. He was just angry. Passengers were laughing at him saying are they not the ones who voted for him. The driver said God forbid. He didn't vote for Emilokan o. He knew he has nothing to offer Nigerians just like his predecessor Buhari the failure grin

He said he collected money and other stuff but he didn't vote for him because he's tired of APC. Thinking that everyone who doesn't support your useless corrupt leaders are igbos make you more foolish as people already know you RONU people grin

Mashafani omo irankiran
Shut up, you are Igbo, bread and buttered in Yoruba land, are you not afraid to bite the hand that is feeding you, no Yoruba person will type that trash up there, you people did more than this during Buhari era, lies and propaganda, get ready because you have 8 more years to wail. Get rich quick people, it is because you lots don't expect any good thing from Tinubu that's why you are already hungry, be it unto you according to your faith.
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by lolu2019: 11:59am On Aug 26, 2023
victorVIC1:
You can't write off MNCs because of ExxonMobil. I've worked with 4 different MNCs over the last 9 years and they all have pension plus life assurance policy in place. This is beside, other benefits which also include exit package.
bro,I hope u know that most of dis jobs are being given to Sub-contractors.from Coca-cola to Globacom.dis sub-contractors don't give a Bleep about u.i left construction because of them.u need to hear my experience during COVID-19.
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by 77star:
.
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by Lama70(m): 12:05pm On Aug 26, 2023
PUSSYHOE:
When things become too unbearable the poor will eat the rich.
Wow. You too like suya. Lol
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by lolu2019: 12:06pm On Aug 26, 2023
vannessa7:
I'm surprised at their wailing and ranting o, imagine these people who claim billionaires now feeling the heat of economic changes more than the so called brown roof poor people, isn't God mysterious. They are not ready to pay any price for success in Nigeria but will gladly slave in a foreign land to succeed, they want free everything, they want to be living lavishly on free everything, and the rich will get richer because most of those free things go to them, imagine Nigeria paying subsidy on fuel for another country to use, and in the future our coming generations will have nothing to inherit because of our wastefulness, china closed it's borders and tighten it's belt for 40years before it developed, they only consumed local goods thereby growing their local industries, now the whole world is indebted to them, I'm sure after 8years of Tinubu we will look back and smile because someone that is blocking wastages, making Nigerians to pay up, making policies that will benefit us in the long term cannot leave us worst off than before he came. It's even refreshing to see less traffic jam in Lagos, less pollution, you only go out when it's necessary, one thing I'm sure of is that the gain of all this changes will start manifesting latest in two years time. Reversing after going in the wrong direction for a long time needs sacrifices, not pampering.
a lot of us didn't learn from what happened during COVID-19.self reliance is key.
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by Fearyourcreator: 12:06pm On Aug 26, 2023
77star:
Oma they oriburuku ni

Olohun ma dari aiye e ati aye awon iran e bi tinubu she n dari Nigeria.

Epe a paya e ni nibi towa,

How I wish I can see you face to face!
If you see me you for carry gun come bah... Cultist ... Lolzzz
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by UnfairLife7(m): 12:12pm On Aug 26, 2023
vannessa7:
Shut up, you are Igbo, bread and buttered in Yoruba land, are you not afraid to bite the hand that is feeding you, no Yoruba person will type that trash up there, you people did more than this during Buhari era, lies and propaganda, get ready because you have 8 more years to wail. Get rich quick people, it is because you lots don't expect any good thing from Tinubu that's why you are already hungry, be it unto you according to your faith.
your life and your entire family lives will experience what Nigeria is today. Your entire miserable life shall be like what Nigeria is today. Ameen

Your life will be miserable like Nigeria if i am not igbo. But if i am igbo, the curse will be mine

Shalom
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by yankison(m): 12:14pm On Aug 26, 2023
Farki:
Some online miscreants who did not finish secondary school will come to say multinationals who have operated for decades don't understand Nigeria's business environment. grin

Misguided elements like the person above me think local businesses will fill the gap as if the local business will gain raw materials, machines, fuel and rich customers from thin air to produce and sell to.

Everyone who helped keep this APC disaster in Aso Rock will not die well.
AMENNNNN
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by 77star:
.
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by vannessa7(f): 12:15pm On Aug 26, 2023
Eriokanmi:
Leadership is by calling, not by snatching or stealing power. Tell them

They said local industries must be encouraged, so they can boost our GDP and promote export. The same fake economists have suddenly forgotten that , raw materials from abroad are needed to produce many goods locally. How can I import my raw materials at 906 naira to a dollar and I'd sell at a loss? Its just not possible. This is the reality everyone must know, including those supporting the apc's polices
It will still come down, local industries will fill in the gap with whatever they are making, it's not forever, Nigeria has been destroyed for too long by romancing only foreign stuffs, they repatrait our money to their country, if there is no Panadol, people will buy alabunkun or paracetamol or karaole, Bata industry closed down because of foreign shoes, many people lost their jobs, even those foreign companies that came to establish here are taking their profits to their home office abroad and it's Nigerian money, we don't spend dollars in Nigeria, if we buy our local goods more our industries will grow and things will become cheaper, this is macro economics not even micro, Tinubu knows what he is doing, igbos be patient! You people started the destruction of our economy with massive importation causing unemployment because the Nigerian guy producing shoe and bags is chased out of business because people are buying imported shoes, it's okay to have influx of foreign companies for employment but if they leave, we will have entrepreneurs, because demand will make local industries to spring up. Think
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by clinician2x: 12:17pm On Aug 26, 2023
PUSSYHOE:
When things become too unbearable the poor will eat the rich.
Go and eat na. They no go even see ur dead body bury self. U go burn to ashes.
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by ednut1(m): 12:18pm On Aug 26, 2023
And some clowns will abuse those that are trying to japa
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by vannessa7(f): 12:19pm On Aug 26, 2023
UnfairLife7:
your life and your entire family lives will experience what Nigeria is today. Your entire miserable life shall be like what Nigeria is today. Ameen

Your life will be miserable like Nigeria if i am not igbo. But if i am igbo, the curse will be mine

Shalom
Lamentation 3:37 and proverb 26:27
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by fojjosh: 12:19pm On Aug 26, 2023
I pray those companies can come back when Nigeria is better.
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by Alfatonji: 12:23pm On Aug 26, 2023
Same is EL SEWEDY ELECTRIC NIGERIA LIMITED (manufacturer of El sewedy Transformers) packed away the company to another African country. Nigeria leaders change economic policy that is affecting these Industries.
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by 77star:
.
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by UnfairLife7(m): 12:55pm On Aug 26, 2023
77star:
Amin, Bo she ma je ni yen fun 'fearyourcreator' oloriburuku ti o beru oba to da, to n support ijoba bu titi Ori ile ede Nigeria, fearyourcreator, epe yen ma she mo e lara ni.
Amen

So shall it be for that miserable fearyourcreator riff raff
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by UnfairLife7(m): 12:56pm On Aug 26, 2023
vannessa7:
Lamentation 3:37 and proverb 26:27
your life, that miserable fearyourcreator, and your entire family lives will experience what Nigeria is today. Your entire miserable life shall be like what Nigeria is today. Ameen

Your life will be miserable like Nigeria if i am not igbo. But if i am igbo, the curse will be mine

Shalom
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by vannessa7(f): 1:08pm On Aug 26, 2023
UnfairLife7:
your life, that miserable fearyourcreator, and your entire family lives will experience what Nigeria is today. Your entire miserable life shall be like what Nigeria is today. Ameen

Your life will be miserable like Nigeria if i am not igbo. But if i am igbo, the curse will be mine



Shalom
Bitter soul, I'm sure you are a product of an igbo woman who slept with the wrong Yoruba man in warri where you live and was abandoned, that's why you hate Yoruba so much, which makes you Omo ale, a Yoruba adage says it's only a basterd that point to his father's house with left hand, so true in your case, sorry, why don't you forgive your father, it might be the only reason you are still working 20,000 naira job with 2:1.

I actually pity your sorry ass with your 20,000 naira salary and you are still cursing up and down, Nigeria is not actually your problem but your village people, get your priorities right, if you come to Lagos with your 2:1, I promise you a higher paying job but those your curses which has become your trademark might block your breakthrough because you love it and it cannot but follow you. You are even single, you have not even experienced much in life and you are like this. You better change and start sowing love.
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by victorVIC1(m): 1:08pm On Aug 26, 2023
lolu2019:
bro,I hope u know that most of dis jobs are being given to Sub-contractors.from Coca-cola to Globacom.dis sub-contractors don't give a Bleep about u.i left construction because of them.u need to hear my experience during COVID-19.
Do you think indigenous companies are any different? BTW, it's the Nigerian factor that is also at play on the issues you mentioned as it is Nigerians who are in the decision making board of these companies that are introducing such slavery policies. I've experienced a situation where a multinational that just started operations in Nigeria wanted to employ some interns for functional support and they communicated the salary scale to the MD (A Nigerian) as proposed by their head office overseas. Na still the Nigerian MD slash the salary by two and sent his the slashed salary for approval.

When you see an MNC derailing, there is a high tendency that Nigerians have happened to it. Also, does our labor law protect an average employee?
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by lastkingsman: 1:13pm On Aug 26, 2023
ednut1:
And some clowns will abuse those that are trying to japa
Companies that are still operating are cutting down staff size in the name of restructuring.

Some are outsourcing roles (salary go reduce na) all in the name of cutting cost
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by Eriokanmi: 1:24pm On Aug 26, 2023
vannessa7:
It will still come down, local industries will fill in the gap with whatever they are making, it's not forever, Nigeria has been destroyed for too long by romancing only foreign stuffs, they repatrait our money to their country, if there is no Panadol, people will buy alabunkun or paracetamol or karaole, Bata industry closed down because of foreign shoes, many people lost their jobs, even those foreign companies that came to establish here are taking their profits to their home office abroad and it's Nigerian money, we don't spend dollars in Nigeria, if we buy our local goods more our industries will grow and things will become cheaper, this is macro economics not even micro, Tinubu knows what he is doing, igbos be patient! You people started the destruction of our economy with massive importation causing unemployment because the Nigerian guy producing shoe and bags is chased out of business because people are buying imported shoes, it's okay to have influx of foreign companies for employment but if they leave, we will have entrepreneurs, because demand will make local industries to spring up. Think
I'm a realistic being dear. I don't dwell on emotions. Tell me realistically, which local industries wouid replace the multinationals who are leaving us?

When last had the federal government empowered innovative Nigerians? They don't even see them, talk less of assisting them. These are the ones who would have replaced them. But they're busy chasing how much they can steal. Our polytechnics have become a shadow of themselves. The purpose for which the institution was set up had long been defeated. Remember universities don't earn anything from the federal government on research work sponsorship anymore. Most lecturers use their own funds.

That's not all, at a time, cocoa contributed immensely to our GDP, cotton and ground nuts too. Who grows them nowadays? What had changed to the regime who came under the slogan of change? Has there been any encouragement from the FG on farming? No! The few who still do farming have been chased off by boko haram fighters, a.k.a armed bandits or militia men. They came in 2015 that they'd nip insecurity in the bud. You and I know its all lies today. 3 weeks ago, we still lost nearly 30 soldiers. With their promise, by now, we shouldn't be hearing such bad news anymore. Soldiers were killed in less than 2 month ago in Borno but it was only on aljazeera I heard about it. They've silenced the few local media who used to burst their bubbles by reporting their hidden secrets.

You may be right when you said people were importing to discourage local industries from thriving but here's afact...even the celebrated economies today also import massively to support local production. South africa , the 2nd largest economy in Africa imports much more than Nigeria does. They only had gold
as foreign exchabge earnings. We export more than crude here. Everything boils down to the fed govt policies. Our leaders are super corrupt.

See the acctant general who singly stole over 100bn under the apc regime? You can't pretend to be promoting local industries,when you don't make the enabling environment available. As a local manufacturer, I'd still need to order some materials to produce the local ones. Dangote needs some chemical to be added to those limestone he's extracting to produce cement or do people think the only component of cement we use is the limestone? He'd buy fx at 920 naira too like we do, to buy those materials. You don't expect him to sell cheaper than the imported cement. Think about it. Poultry farmers are packing up in droves cos feeds and foreign marerials used are very expensive due to the free fall of the naira. Who bears the brunt? The masses! Imported chicken is now cheaper than the ones grown locally. Too bad!

Tinubu may not be the cause of all these but he must change his policies fast. Its killing our economy. His party caused this mess since 2015 he should stop chasing shadows. I voted buhari in 2015 but later changed my mind and stopped supporting him. I thought he was the brain behind the magic of the 80s which i witnessed briefly, but I was wrong.

Except the policy is reversed, more multinationals would go. After all, no be today dem dey go Ghana. They're not father Xmas, remember.
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by Hisincrease: 1:24pm On Aug 26, 2023
Secure your future with any idea, business or job that you find worthy. Nigeria government do not have the citizens at heart.

Friends, Engage a writer now to get started with professional assistance for all your writing needs.

To learn more click https://tescentre.org/public/

Re: Multinational Companies Exit Nigeria Amid High Operating Cost by nkemjacob2(m): 1:26pm On Aug 26, 2023
The Useless NBS will come with there own stats
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by lolu2019: 1:27pm On Aug 26, 2023
victorVIC1:
Do you think indigenous companies are any different? BTW, it's the Nigerian factor that is also at play on the issues you mentioned as it is Nigerians who are in the decision making board of these companies that are introducing such slavery policies. I've experienced a situation where a multinational that just started operations in Nigeria wanted to employ some interns for functional support and they communicated the salary scale to the MD (A Nigerian) as proposed by their head office overseas. Na still the Nigerian MD slash the salary by two and sent his the slashed salary for approval.

When you see an MNC derailing, there is a high tendency that Nigerians have happened to it. Also, does our labor law protect an average employee?
Nor be lie.Nigerians are generally wicked people.they will still be lamenting upon all d millions they are making.they nearly killed my guy ontop peanuts.he had to leave for health reasons.
Re: Multinational Companies Exit Nigeria Amid High Operating Cost by Blackdisciple(m): 1:28pm On Aug 26, 2023
ISLAMBAD:
The thief comes only to steal and kill and destroy; (John 10:10)



Buhari is beginning to look like a saint in the eyes of Nigerians..

Tell me one good thing about Tinubu and i will show you a pregnant virgin.. Even the money they said he realised from the subsidy would still be relooted by him and his family..

No be Tinubu again, the same man that is an embodiments of corruption ?

I pity Nigerians!!
1 2 3 4 5 6 7 8 Reply

Peter Obi Laments Exit Of Multinational Companies From Nigeria • Electricity Tariff: More Multinational Companies May Exit Nigeria — MAN • Northern Groups: Allow Igbos Exit Nigeria Now Through Peaceful Referendum • 2 • 3 • 4

Photos: Another Nigerian Soldier Dies • Tinubu, Saraki’s Humiliation Makes Buhari’s Re-election Difficult – Shehu Sani • What The Law stipulates On The Removal Of the CJN by PoliticsNGR.com