Ikaeniyan0:
This is not the first time companies will close down because of the economy in Nigeria. Companies also closed down under Obasanjo.

Tinubu will eventually pull Nigeria out of this mess

Under buhari is the first time no be the same demonic pple
Mumu what are you benefiting with Tinubu . Dem need flog you with Oraimo cord

So tower aluminum has closed shop? I used to come to lagos to buy their products years ago when I was still into construction business too bad.

Burob:
Nigeria is not working, because the states of the federation created by the military for politics, tribalism & What have you, is not working, the states add no value, yet the the majority peasant citizens as represented also on this forum, focus more on the President & blame everything on the office, instead of their individual states of the federation, what the great Fela tagged colonial turned military mentality.

The citizens are yet to understand the democrazy they practice.

On the contrary, you are the one who needs to study the democracy practiced abroad (Proper and true Democracy) and how it clearly differs from the quasi-democracy you practice here.

Let me start you off with the basics... Do you know the difference between Centralized and Decentralized governments??!

Have you ever heard of true federalism and resource control?

Does the concept and practice of State Policing exist??!

Burob:
Why the companies no relocate go utopia East? You are just too lazy minded, too many of you in Nigeria, that is why the system is dulling.

Always blaming others, it is the Federal Governments fault, if they ask you how, you cannot explain, whether it was bad management on the companies side, you are not interested?

Bro the reason the companies shut down is clearly stated in the article which is RISING COST OF OPERATION!
Firstly, decisions bordering FX is taken by who? CBN approved by the federal Government not state or local governments.

Decisions bordering Pump price for DPK, PMS etc is taken by NNPC as approved by who? Federal Government.

Decisions on Tax is taken by FIRS as approved by Federal Government.

High import duty/Levy costs is decided by Nigerian Customs approved by the Federal Government.

Just to mention this few which I believed has direct impact on running and production cost of these companies

So tell me how is the cause of their shut down not from the direct effects of bad policies from the federal government?

The one that is aching me is that a well known company, the first indigenous ship building, repairs and offshore fabrication company in Nigeria is gradually winding down operations as paying salaries is becoming a problem for a once vibrant company. Who would have thought Nigeria would have caught up with a large multinational company like that. I did my IT there years ago and I shudder at what is currently happening there. We are in serious trouble in this country but the government is not telling us the truth. They are only interested in feeding off what is left of the country to themselves. Many companies are not smiling oooooo

No wonder most of the on going produced goods in Nigeria no dey get quantity

How will companies survive in an economy that is not conducive for business?

Little or no electricity
Multiplicity of taxes
Poor health system
Ineffective security

LZAA:
Most of those companies are in the sk*ull m*ining capital of South wa**ste😄😄

Very much active.

Pharaohny:
There`s always that idiot who is hell bent in defending this handicap administration just check the comment section

and you all idiots want everyone to join you fuul in cursing Tinubu, the man you so much hate.

If only you idiots already blaming Tinubu for those companies fate can read , you all will know that some have even gone before buhari not to talk of Tinubu .

Burob:
Which company has your state & Local Government attracted based on their comparative advantages?

Buhari's main agenda was to empower fulani people and nothing more he distroyed nigeria with his nepotism giving every sensitive positions to fulani herdsmen in his government, tinubu is now doing it by appointing his fellow forgers from SW ,whenever people say nigeria is a failed country yorubas and hausas needs be proud to admit they distroyed nigeria

Lamentation of losers, losers always looking for topic to vent their anguish and gnash their teeth

Ikaeniyan0:
This is not the first time companies will close down because of the economy in Nigeria. Companies also closed down under Obasanjo.

Tinubu will eventually pull Nigeria out of this mess

"will eventually"

you lots said same about Buhari
what happened?.
tribalistic things blinded by hate

Before December.. dollar will be 1500
quote me anywhere

May Nigeria not happen to you or your business. Imagine a government that gives out key positions as compensation. Nearly all buhari's ministers were former APC governors. That compensation list has continued with Tinubu. They are even thinking of creating new ministries cuz the people to compensate are more than the available positions 😂. What a joke of a country.

Mumu. Voluntarily slave

Ikaeniyan0:
This is not the first time companies will close down because of the economy in Nigeria. Companies also closed down under Obasanjo.

Tinubu will eventually pull Nigeria out of this mess

Some dumb peeps said the same about Buhari

Ikaeniyan0:
This is not the first time companies will close down because of the economy in Nigeria. Companies also closed down under Obasanjo.

Tinubu will eventually pull Nigeria out of this mess

A foolish perspective from someone who pretends not to understand that Nigeria is a federation on paper alone.

The federal controls 80% of this country and anyone talking of states is being mischievous.

Didn't OBJ almost cripple Lagos state under Tinubu, the response was Tinubu turned round to feed on the people like the Vampire BAT he is and he has never stopped sucking the blood of the residents of Lagos State.

No state in Nigeria can fully stand on its own without taxing and extorting the people to death.

That is the bitter truth.

Burob:
Nigeria is not working, because the states of the federation created by the military for politics, tribalism & What have you, is not working, the states add no value, yet the the majority peasant citizens as represented also on this forum, focus more on the President & blame everything on the office, instead of their individual states of the federation, what the great Fela tagged colonial turned military mentality.

The citizens are yet to understand the democrazy they practice.

Sanusi is not a poor man. He can take care of the children produced by his polygamy.

It is those street beggars and laborers who have several wives and multiple children who are raising the next Boko Haram recruits.

seguno2:


Was Sanusi the husband of just one wife?
Stop lying about why the rogue and hypocrite was removed from office.

Please add PRODECO nigeria limited

If I tell you say I hustle for that number 6 company last year una no go believe...but I thank God today cha

Shikini:
Buhari used tribalism to kill Nigeria.

Just appointing incompetent people to sensitive posts everywhere.
.

I swear he got us here. I am a Northerner but damn North, our Leaders killed this Country.

See what APC has caused... incompetent people in government

See how APC has destroyed the economy and country .. nawaoooo 🙄

Op Evans medical is still operating as Evans baroque ltd, it's not good losing a means of livelihood but this is not peculiar to Nigeria alone.we should always balance our analysis even when we don't fancy the government but the nation we should have it on our minds still when our party take control.moreover a lot of companies are also come up

What do you expect when you vote old men into power

@JuanDeDios
Wait, Tower Aluminium was shut down? Ha!


@me
Tower aluminum has not left Nigeria. Tower and first aluminum shutdown their rolling mills because of uncontrolled importation of cheap and substandard Chinese aluminum products.

Presently what they do is to import flat sheets and coat. In addition, they import cheap Asian aluminum products. They are still around.

😂😂😂😂

The thread is a comparison test, since companies shut down during OBJ time we shouldn't be surprised if such happen now.

Nigeria is exhausting to say the least...

Ikaeniyan0:
This is not the first time companies will close down because of the economy in Nigeria. Companies also closed down under Obasanjo.

Tinubu will eventually pull Nigeria out of this mess

Dreamer, Naira is now 1250 to 1 dollars🤔

Ogun don fire Ogun through Nigeria 😂

More to follow. No wonder the leaders love saying to the masses to always think outside the box and go into farming. Thereby deceiving the general public due to their policy summersault and not providing no enabling environment for businesses to survive. How you expect companies to survive when you ha e headless and fraudulent leaders all around? What's the current FX rate of the powerful is dollars to NGN today? Nigeria is becoming a sinking ship

Burob:
Nigeria is not working, because the states of the federation created by the military for politics, tribalism & What have you, is not working, the states add no value, yet the the majority peasant citizens as represented also on this forum, focus more on the President & blame everything on the office, instead of their individual states of the federation, what the great Fela tagged colonial turned military mentality.

The citizens are yet to understand the democrazy they practice.

Wish I could like this your comment 100 million times! The mis information and the ignorance is massive for those illiterate shouting Tinubu up and down!

Because the Federal Government has refused to diversify key infrastructure that would enable states thrive.

Ports: Decongest the Lagos port to Calabar, Akwa ibom, Warri, PH, Bayelsa.

Electricity: Allow them sell electricity to whoever they like and not just saying they can now generate and distribute internally but cannot well to other states.

Rail and Road: Drive the logistics there and build Federal roads

Gas pipeline: Allow states to build their own infrastructure for their industrial plans.

So yes, the apresident would always be blamed because there is too much power in the presidency and they refused to do these

Burob:
Nigeria is not working, because the states of the federation created by the military for politics, tribalism & What have you, is not working, the states add no value, yet the the majority peasant citizens as represented also on this forum, focus more on the President & blame everything on the office, instead of their individual states of the federation, what the great Fela tagged colonial turned military mentality.

The citizens are yet to understand the democrazy they practice.