₦airaland Forum

opamoses1:
Do we refine crude to fuel in Nigeria?

Kossyso:
Ashamed of him being into importation business or what? Has the country stopped importing fuel? I really don't get you.

femisplash:
Stop the silly attitude, he's a criminal, he benefits from the system with his inside connection. He's one of those who brought the country to her kneels by his excessive thirsts for consumer goods imports. He has channels for cheap dollars and waivers benefits while ordinary nigerian groans of high rate. He makes a kill from the arbitrage system and that's why he'd never set up a factory.

Kossyso:
So why should I be ashamed of PO for importing products that are not produced in the country? Is there any country that doesn't have importers?

opamoses1:
One of the goods he imports and sells at his next supermarket is tinned tomatoes. We produce canned tomatoes in Nigeria.

Kossyso:
Na person still dey bring Ofada rice into USA and UK🤷‍♀️

opamoses1:
Ofada rice is not grown in the USA nah. Abeg use better example

TimeMachine2:
Coming from the most useless politician in Nigeria of all time. Peter Gringory Obi aka the Pandora thief should be quiet.

Racoon:
No sane investor will put his hard earned money into prospects under a government filled with the manner of despicable greedy super looters criminals as obtainable today in this nation.

Never4getU:
Ur linage almost sold it off during Jonathan regime have you forgotten? Your igbo brothers flooded Nigeria with fake products as they were been given waivers to import all importable including taking jobs meant for Nigerians to china for mass production at a cheaper price while the rest of Nigerians go hungry.

Ur wailing is just beginning

tsdarkside:
let them wail....we dont care no more....

CandidAdmin:
Can you all please attack the message and not the messenger?

tsdarkside:
do you think you are here on radio biafra or what....??

TimeMachine2:
Coming from the most useless politician in Nigeria of all time. Peter Gringory Obi aka the Pandora thief should be quiet.

Bobloco:
The Labour Party presidential candidate in the 2023 elections, Peter Obi, has advanced reasons why foreign businesses were shutting down operations in Nigeria, linking the development to what he called a negative medium to long-term prospects strategy, unattractive investment profile and a continuous deteriorating business environment, among other indices.

This is as he urged government at all levels in Nigeria to take immediate steps towards reversing the trend and keeping strategic international investors.


He stated this while reacting to the reported exit of Procter & Gamble (P&G), a multinational consumer goods company in Nigeria.

P&G Pulls Back From Nigeria, Argentina’s Markets In Restructuring Move


LEADERSHIP reports that P&G had announced a limited market portfolio restructuring that includes pulling out of Nigerian and Argentinian markets.

Reacting to the report in a series of posts on X (formerly Twitter) on Thursday, the former Anambra State governor highlighted reasons why Nigeria scares away multinational companies, explaining that with the purchasing power of most Nigerians nose-diving everyday, absence of the rule of law and lack of a conducive business environment, it will be difficult to retain such “iconic companies” and talk more of attracting new ones.





Obi wrote: “A few months ago, I lamented the exit of one of the top global Pharmaceutical giants, GlaxoSmithKline (GSK) from Nigeria. GSK remains a top global pharmaceutical manufacturer and has had 51 years of operations in Nigeria.

“The reason for their exit was that there was no longer a perceived growth in Nigeria anchored on productivity. Today, Procter & Gamble (P&G), the world’s largest personnel care and household products company, makers of iconic brands like Pampers, Gillette, etc, is again leaving Nigeria, for the same reason GSK left.



“Following this also are French pharmaceutical company Sanofi-Aventis, and top Energy firm, Norwegian behemoth Equinor which has sold off its Nigerian business development associates Fifteen years ago, P&G, as they are commonly called, viewed Nigeria as a strategic country of importance and invested millions of dollars in an ultra-modern chain supply structure in Agbara which, sadly, is now up for sale. The presence of these iconic companies in any economy is not only that they signify trust and confidence, as well as belief in the medium to long-term socio-economic prospects of such countries, but they massively create jobs, invest in Research and Development, as well as pieces of training which smaller players in the industry learn from and adapt. They help, to a great extent to develop local talents for both local and global jobs. The exit of these top global companies shows that our medium to long-term prospects strategy is in the negative. Our investment profile is not attractive and our business environment is deteriorating continually.



“The purchasing power of most Nigerians is nose-diving every day. In the face of the absence of the rule of law, and a conducive business environment, it will be difficult to retain such iconic companies and talk more about attracting new ones.”


He, therefore, urged the government to take immediate steps to ensure that institutions of governance are put in place and actively engaging to show that the situation is reversed.

He added that, “National greatness and development cannot be pursued in an atmosphere that is scaring away strategic international investors.”

https://leadership.ng/why-investors-are-running-away-from-nigeria-peter-obi/

jude79:
What exactly do you mean by Pandora thief, you graduated from a university in Nigeria, then left for England, there you became successful in business and had a lot of investment, later you joined politics in Nigeria and won an election as governor, so you decided to close down your taxable investment and transfer your funds to a more tax friendly country, since British tax is 45%, which means that all your money will vanish by the time you finish your governorship term, you transferred your assets to Pandora in Panama, because of their friendly tax system, to then stated it as one of your asset in your asset declaration, before relocating to Nigeria to serve your term as an elected governor, throughout your term, no transfer was made into this account, then some brown envelope journalist cooked it up for your political enemies to use as tool to deceive gullible electorates, it was investigated to track any if criminal transactions existed but none was found, humans roasted this criminal journalist and asked for their head, to which they, the journalist recanted their earlier position and backtracked to avoid litigation, till today after countless investigation by opposition political elements, no criminal activities was seen, so they withrew into their shells, but continue to use animals that are under tribal and religious chains to shout Pandora thief up and down, as if their lives depends on it.

tsdarkside:
do you think you are here on radio biafra or what....??

CandidAdmin:
I'm not Biafran... neither am I igbo.

TimeMachine2:
Imagine this foolish bigot that will never see anything wrong with the carnage going on in his home state, talking nonsense.

While you are at it, why don't you tell us why you are living in lagos after developing anambra? The legendary 'Go and verify' nematode has become a gossip blogger dishing outs fake aba made statistics on per second basis.

tsdarkside:
then why would you side with such a looser....??

you think people that dont like him dont have their reasons....??

opamoses1:
Do we refine crude to fuel in Nigeria?

Nonny95:
Don't you see how stupid your question is?

Seefinish:
This is why I campaign vigorously for this man. He is man who knows what to do

TimeMachine2:
Coming from the most useless politician in Nigeria of all time. Peter Gringory Obi aka the Pandora thief should be quiet.

KillahPriest:
Agbado lunatics will prefer we're perpetually gaslighted, they prefer we talk about Ojukwu's manhood than the fact that politics aside, Nigeria is in a fast downward spiral economically and it's affecting even their closest family members if not they themselves. Agbado lunatics need divine help at this time if they can't say the truth to save their own lives. Imagine them celebrating the exit of P&G saying it will help local manufacturers