₦airaland Forum

Another one bites the dust.

Running a business in Nigeria is like putting your hand inside crocodiles mouth

spartachico:
I don't know if this is good news or bad news because, it would have been nice for our billionaires to step up and fill up the space but will the quality be as good as the one that left, because one shop factory for one corner will start producing sub standards stuffs that will start giving rashes to it's users...confused tho.

Huggies diaper is not one of the go to products in the market, the quality is not too cool compared to when we import them, guess they produced an inferior quality for the Nigerian market. People are now used to Lebrace, Kiss kids and Softcare. Molfix sef don dey enter.
Btw, I don tire for Nigerian government, only God knows how worse the next person go be

OkpaNsukkaisBae:
What APC cannot destroy does not exist.

Checkout the 2019and 2024 they shut down and shutting down. This is the new business anthem.

Yoruba

Ewedu and Amala economics

Don pursue another big investor

Hahaha hahaha

E-BOLA Tinubu Amoda is a Criminal

I've never seen these so called FDIs as anything useful to our economy. Federal Government needs to back Southeastern Nigerians in their ability to produce locally especially Aba and Nnewi so that these thieves masquerading as foreign investors will stop defrauding Nigeria and running away at the slightest difficulty.

They are all brainless... seriously speaking.

Imagine a notable business closing in the same Lagos they make so much noise about...

Very alarming bells are ringing, but their problem is PO, IGBO and even IPOB..

Very useless people..

Akwamkpuruamu:
Yes ọ, na IPOB do this one.

Terrible life of an Agbadorian

PHIPEX:
Thats why you should give accolade to local investors rather than demolishing their businesses

Compare how much this company invested in Nigeria with the amount LandMark beach invested, yet they are not regarded

Landmark like all other businesses, should keep themselves within the confines of the space they have procured.

It is certainly an economic security concern, to have a country's production capacity tied majorly to foreign firms who can always exit once the business climate is not favourable.

could not believe my eye when I saw Nigerians prasing Tinubu over National Anthem after 1 year in office.


No be small thing ooO



Senators, Governors reps etc.


People were on television arguing.



That was when i knew this country cannot be salvaged.

Kafirbigot:
Raskimonojendor
Adamusuleiman1
Muhammaduyusufu
Slytiger
FREESTUFFSNG
Chopnaira
Paraman
Reno omockery
Opamoses1
una plenty for Nairaland haba...!!!!!

Come and see TILUMBU in action...

Useless losers

They are busy on other threads posting their usual useless comments. Mofos. They can never end well. Not a single one of them.

The failure to invest in electricity generation, transmission and distribution is the bane of Nigeria. Nigeria requires a minimum of 100.000 MW but can only generate 4000 MW

The company currently spends around N100 million on power generation monthly aside from maintenance costs and its monthly fixed spend on operations has risen over N500 million.

Wahala for who never born finish..so just like agumentine ,diapers wan skyrocket..he fit reach 100k for the pack self since we will now be importing considering d dead naira

Mindlog:
East is more of indigenous manufacturers, relying less on foreigners....how many of their indigenes, manufacture?

thousands of them are entrepreneurs even the pants and boxers you are wearing is made in Aba

Another Tinubu and Apc achievement. mtwwww

ANSMEDIA:
https://nairametrics.com/2024/05/30/breaking-huggies-maker-kimberly-clark-to-stop-production-three-years-after-investing-100m-in-nigeria/

OkpaNsukkaisBae:
What APC cannot destroy does not exist.

Same APC is making Walmart to close down most of their stores in the USA. Every company over the World is experiencing financial issues.
https://www.google.com/amp/s/www.businessinsider.com/walmart-store-closings-openings-2024-full-list%3famp

This is one of the major stories marking tinubu one year anniversary. Congratulations to buhari, tinubu and all APC supporters for the success recorded in throwing more Nigerians into joblessness

ANSMEDIA:
Where is that moniker that always says west is safe for business I'm yet to hear any company shutdown in the east, propaganda always have expiring date

Cc FREESTUNG propaganda doesn't run economy

Baby factories or fake drug stores? Which company is in East?
Walmart is closing 9 stores in the USA because of SW too.
https://www.google.com/amp/s/www.businessinsider.com/walmart-store-closings-openings-2024-full-list%3famp

ANSMEDIA:
Companies fast relocating out of Nigeria throwing people out to labour market those incharge careless

you do you care more

ANSMEDIA:
https://nairametrics.com/2024/05/30/breaking-huggies-maker-kimberly-clark-to-stop-production-three-years-after-investing-100m-in-nigeria/

Vulture griller, hairyanus, seunng, FreeStuffsNG and other agbadorians say this company means nothing to Nigeria and Tinubu has attracted billions of investments into the country, bunch of suffering and smiling retards.

And the ronus said that Tinubu is repositioning the economy for better performance.

Person go spend over 200m on diesel and electricity alone every month how much are dey making ..it's better to shut it down like most companies have done..they should move to ghana..uniben go soon shut down

ANSMEDIA:
Where is that moniker that always says west is safe for business I'm yet to hear any company shutdown in the east, propaganda always have expiring date

Cc FREESTUNG propaganda doesn't run economy

which company is in the east name them 😅

Namaster:
It's very clear that everyone can BLAME Tinubu for this one.

Imagine spending #100M/month on Petrol ONLY. Add that to the NEPA Bill that our GREEDY electricity distribution companies would give them every month and the costs of powering their company is enough to wreck them.

Tinubu removed fuel subsidy and approved the increase in the price of kWh/hr. No shifting the blame on this one.

Then ASTRONOMICAL devaluation of the Naira in such a short span of time from less than #500/dollar to more than #1500/dollar in just a year is enough to render their budgets and strategic plans USELESS.

Another thing the thoughtless Looter-in-Chief actualosed.

He's killing Nigeria in MORE ways than anyone could have ever imagined. And he doesn't give aF.

how much should a 100 million dollar (150 billion naira}) company spend on electricity?
Less than 1% of running cost
Which should be 1.5 billion
They should've used gas turbine instead then no need for nepa. This is what dangote does

ANSMEDIA:
https://nairametrics.com/2024/05/30/breaking-huggies-maker-kimberly-clark-to-stop-production-three-years-after-investing-100m-in-nigeria/

such a shame.. One of the most popular brands in this industry.

StOla:
What has the shutdown got to do with any section of the country besides the economy of the country as a whole?

Do you have multinationals in the East?

If the economy of Nigeria is not conducive for foreign investors who require stability of currency exchange to make profit from their investments, are they not going to shit down in the places that they run their operation?

How many Nigerian owned manufacturing conglomerate have shut down?

Were you expecting them to shut down where they do not exist?

Here we go again, Agbadonians shamelessly defending the indefensible, have you ever wondered how many Nigerians will be thrown into unemployment as a result of these exits?

Beautifulday:
Omo! Job loose is coming for the workers. Business closing down for distributor, wholesaler, partners etc

Sad news

That's the effect. Kimberley will sack, their distributors will sack, retailers will also sack. Tinubu's policy is anti People. History will remember him for his clueless governance

LadyExcellency:
One thing for sure is that APC economic policies are disastrous.
Taxes and levies are all they have in their heads and not how to build the economy.

Ndi IGR is killing the country.

Coming from lagos state that set up agbero style. To mob tax and levies

ANSMEDIA:
Where is that moniker that always says west is safe for business I'm yet to hear any company shutdown in the east, propaganda always have expiring date

Cc FREESTUNG propaganda doesn't run economy

bro, let truth be told. No companies in the east

spartachico:
I don't know if this is good news or bad news because, it would have been nice for our billionaires to step up and fill up the space but will the quality be as good as the one that left, because one shop factory for one corner will start producing sub standards stuffs that will start giving rashes to it's users...confused tho.

demand is low.

When idiots are in power,expect the unexpected

OlujobaSamuel:
Huggies diaper is not one of the go to products in the market, the quality is not too cool compared to when we import them, guess they produced an inferior quality for the Nigerian market. People are now used to Lebrace, Kiss kids and Softcare. Molfix sef don dey enter.
Btw, I don tire for Nigerian government, only God knows how worse the next person go be

Stop defending nonsense, the druggie president's policies is killing the country and driving away investors thereby creating unemployment.

The truth is, most of these manufacturing companies are transitioning to costs effective model of business operations, which is importation. No more manufacturing. Just build a warehouse and get some middle men to act as distributors and agents. No permanent staff, less overhead, not much fixed assets. Just buying and selling like an Onitsha man. Very lucrative model of business. This is what government has turned companies and businesses into in Nigeria. I hope Nigerian brewery won't shut down production and start importing beers into the country. Producing something in this country is extremely costly , with the cost of power as the biggest hinderance to businesses