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Nairaland Forum / Nairaland / General / Politics / Foreign Investors Pull Out N310bn Assets, As P&G, Equinor Exit Nigeria (648 Views)
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Foreign Investors Pull Out N310bn Assets, As P&G, Equinor Exit Nigeria by November1857(m): 4:41pm On Dec 07, 2023 |
Foreign investors pull out N310bn assets, as P&G, Equinor exit Nigeria Against the backdrop of more exits from ground operations in Nigeria by more multinational companies, Nigeria’s economy is expected to lose $335 million (about N310bn) in Foreign Direct Investments, FDI. https://www.vanguardngr.com/2023/12/foreign-investors-pull-out-n310bn-assets-as-pg-equinor-exit-nigeria/
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Re: Foreign Investors Pull Out N310bn Assets, As P&G, Equinor Exit Nigeria by concreteaffairs: 4:55pm On Dec 07, 2023 |
Hmm |
Re: Foreign Investors Pull Out N310bn Assets, As P&G, Equinor Exit Nigeria by errandsdotng: 4:55pm On Dec 07, 2023 |
Hope next year will be fair. On the eve of Buhari's exit, people photoshopped certificate of survival thinking PBAT will be better off. |
Re: Foreign Investors Pull Out N310bn Assets, As P&G, Equinor Exit Nigeria by kettykin: 5:09pm On Dec 07, 2023 |
If you check my previous posts, I predicted a Lagos economic burst, I predicted a good number of companies will be making horrendous end if the year losses with shareholders asking for nothing but their investments. Lagos is history. Bookmark this comment. |
Re: Foreign Investors Pull Out N310bn Assets, As P&G, Equinor Exit Nigeria by toneroforever(m): 5:30pm On Dec 07, 2023 |
APC killed this country & is now burying it. |
Re: Foreign Investors Pull Out N310bn Assets, As P&G, Equinor Exit Nigeria by ElSudani: 5:39pm On Dec 07, 2023 |
Some other companies will take their place. |
Re: Foreign Investors Pull Out N310bn Assets, As P&G, Equinor Exit Nigeria by femisplash: 6:04pm On Dec 07, 2023 |
So what?, two foreign companies worth 310billion naira worth of assets scramed back to whatever hole they came from. These guys are here for the $$, not for you and i. To the ignorant folks, these guys operates their businesses in dollar value, they only care about the dollar and how much of it they can get from us back to their countries. Both foreign companies are 310billion naira in assets while First bank, one of our biggest banks is worth over 100billion naira, not to mention a few other top banks. Nigeria economy is going to be worth 1trillion in 7yrs, a gale of capital flight is never going to scare a big economy as ours. Decades back, big companies as Dunlop, Michelin, Bata, name them, all left and Nigeria keeps going strong. We remain the biggest economy in Africa. And with the right policies, FDI will keep trooping in like a river flow. 1 Like |
Re: Foreign Investors Pull Out N310bn Assets, As P&G, Equinor Exit Nigeria by Zooposki(f): 6:07pm On Dec 07, 2023 |
FreestuffsNG will be in sifia pains. Ogun state will soon be empty. 😂😂 karma working hard.
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Re: Foreign Investors Pull Out N310bn Assets, As P&G, Equinor Exit Nigeria by Ogene001: 6:32pm On Dec 07, 2023 |
We told the economic iliterates to groom local firms but they are hungry for IGR |
Re: Foreign Investors Pull Out N310bn Assets, As P&G, Equinor Exit Nigeria by Racoon(m): 6:35pm On Dec 07, 2023 |
Meanwhile, a criminal mandate gang was telling people about an illusory hope being renewed. |
Re: Foreign Investors Pull Out N310bn Assets, As P&G, Equinor Exit Nigeria by gabbytabby: 6:36pm On Dec 07, 2023 |
Professor of doom. You are confessing your destiny. kettykin: |
Re: Foreign Investors Pull Out N310bn Assets, As P&G, Equinor Exit Nigeria by Emergingnation(m): 7:11pm On Dec 07, 2023 |
ElSudani:you mean , the association of skull 💀 miners ⛏️ .. |
Re: Foreign Investors Pull Out N310bn Assets, As P&G, Equinor Exit Nigeria by kettykin: 7:11pm On Dec 07, 2023 |
gabbytabby:.your type of hypocrisy is incursion and infectious, I don't need to engage you further |
Re: Foreign Investors Pull Out N310bn Assets, As P&G, Equinor Exit Nigeria by Ogene001: 7:21pm On Dec 07, 2023 |
femisplash:To create consolation no de hard una. |
Re: Foreign Investors Pull Out N310bn Assets, As P&G, Equinor Exit Nigeria by ican2020: 7:25pm On Dec 07, 2023 |
Nigeria business environment is very unfriendly one irresponsible political office holder can pull down your business with just flimsy excuse |
Re: Foreign Investors Pull Out N310bn Assets, As P&G, Equinor Exit Nigeria by Faiththatworks(m): 8:54pm On Dec 07, 2023 |
Hmmmmmmm.............. No patriotic Nigerian will read the news of these major blue chip companies exiting Nigeria and go to bed feeling at ease. These companies are striking a blow at the heart of the ordinary Nigerian in this trying period,but I believe this is not a time to be despondent or sink into despair. I believe this is the time the Ministry of Labour,the Nigeria Labor congress and the Trade Union Congress must be up and doing. A lot of Workers will definitely lose their jobs,so government should please ensure these companies have a retirement package that's befitting and liveable to those innocent employees. There are people who will never be compensated like logistics contractors,some outsourced duties like cleaners, gardeners,Drivers and many more who are not directly employed by these companies. To all the above,I can only wish them well in their future endeavors. We must begin to tell.ourselves some hard truth about these companies,Nigeria must no longer be at the mercy of these companies who are only in Nigeria to repatriate Foreign currency back to their Headquarters. I know Asiwaju is really trying to bring foreign capital to Nigeria but we must never do it at the expense of hard-working Nigerians. Any company opening a factory in Nigeria must henceforth leave an equity ownership for Nigerians. No company must be owned 100% by foreigners,if not in another 10 years from now,we will repeat this cycle all over again. For everyone who's losing their jobs because of the exit of these companies,May Eledumare strengthen you at this difficult time. God bless Nigeria. |
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