₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,327,278 members, 8,430,159 topics. Date: Saturday, 20 June 2026 at 12:24 AM

Toggle theme

Nigeria’s Worrisome Corporate Exodus - Punch Editorial - Politics (4) - Nairaland

Nairaland ForumNairaland GeneralPoliticsNigeria’s Worrisome Corporate Exodus - Punch Editorial (14790 Views)

1 2 3 4 5 6 Reply (Go Down)

Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by seunayantokun(m): 9:27am On Jun 19, 2024
Blazetrailer:
Hogwash! What can Regionalism do?
Nigeria was comatose before but the plugs were pulled off the life support machine by the current heno smoker of a president.
I don't think my opinion stops you from hating Tinubu if you believe that solves Nigeria's problems. But I'm entitled to my opinion on how the evil duo of systemic corruption and insecurity which have resulted in the present economic woes can be dealt with.
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by Zooposki(f): 9:28am On Jun 19, 2024
lonelydora:
No backing down!

Whoever that is tired of standing on his mandate should carry chair and sit down.

Have you seen any Igbo man complain about the economy? No tribe is better prepared for the worst in Nigeria than the Igbo people.

You all thought you are doing Peter Obi and Obidients. Ngwanu... Tinubu must finish his two terms o.

Una never see anything.
Wetin concern Igbo man concern multinationals? You guys are so annoying. Please let us breathe. I don’t want to be seeing reference to igbos on every thread.
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by Coldspice: 9:48am On Jun 19, 2024
lonelydora:
No backing down!

Whoever that is tired of standing on his mandate should carry chair and sit down.

Have you seen any Igbo man complain about the economy? No tribe is better prepared for the worst in Nigeria than the Igbo people.

You all thought you are doing Peter Obi and Obidients. Ngwanu... Tinubu must finish his two terms o.

Una never see anything.
Igbos don't complain, they simply kill their children for eating the last akpu.
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by favour32(m): 9:51am On Jun 19, 2024
We hope for peace.
Those companies are not leaving because of economic factors alone.
There is more to it.


Where is that ass_licking fool, who cannot be anything in life?
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by favour32(m): 9:52am On Jun 19, 2024
Zooposki:
Wetin concern Igbo man concern multinationals? You guys are so annoying. Please let us breathe. I don’t want to be seeing reference to igbos on every thread.
That guy is from the North.
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by Justiceganduje: 9:54am On Jun 19, 2024
DeepSight:
You know, I have concluded that Bola Ahmed Tinubu does not know anything. He is stark empty. All he knows is to tax people more and more and enrich himself. That is the beginning and end of his brains. It seems Nigeria was so blighted by military rule that when he took over in Lagos and did small things like build BRT lanes, all of a sudden people said he was a genius.

He is nothing and knows nothing. I remember street lights didn't show up until Fashola came.
Exactly bro.
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by Justiceganduje: 9:56am On Jun 19, 2024
Eriokanmi:
But his followers are saying inflation is a global problem and Nigeria isn't an exception, that those companies can go for all they care. My question is, why are they advising tinubu to open the borders to allow food items into the country? Is Benin or Niger Republic not also feeling the global inflation? Why must we open our borders and allow food into the country if they're truly as badly affected as Nigeria? Why are Guinness leaving for another african country of Kenya and not back to Europe? Why are oil companies leaving for other African nations?

As unintelligent as Tinubu's followers are, they claim tax was chasing them away grin. Whereas, Nigeria doesn't even tax them as much as other countries do which was also why their products were so cheap here. Coke in Nigeria isn't same price in Europe, likewise Guinness malt. This I know wella.

The problem of Nigeria is Tinubu himself, since 2015. Buhari knew nothing about governance but he went and sponsored him. To make the matter worse, he went and floated the naira after announcing the subsidy removal...which reasonable and godfearing leader does that? He only ended up enriching a few with the policy at the expense of the 100s of millions of the masses, including his illiterate supporters. If you try and say the truth here, you suddenly become an omo ale or ibo. They're so tribalistic to the core. Our choices in life will either make or mar us.
At least your conscience is clear that you didn't vote for him. And you are not poor either. His supporters are the most gullible I've ever seen.
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by TemmyT002(m): 10:02am On Jun 19, 2024
Someone cursed Nigeria and that curse is APC.
Boya we need to beg that person
As it is, for Nigeria to prosper, APC needs to go
May God deliver us from them. They are parasites.
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by lexy2014: 10:04am On Jun 19, 2024
seunayantokun:
It is myopic to not see this from the root. Those whose object of blame is only the present administration at the federal level have not looked at it properly. For me, systemic corruption which started long ago and insecurity created by 'we-must-always-be-in-power-at-all-cost' Fulani chief executive terrorists and and their foot soldiers have resulted in the present. The only solution to start with is either going back to regionalism or breaking up. If we don't want the latter, at least the former remains desirable. Those shouting for Peter Obi and against Tinubu should not forget both of them are parts and parcel of the present suffering, and none of them can do anything until you change the devil's book of suffering you call the 1999 Constitution.
Is it past administrations that are responsible for how the country is being presently being governed by Tinubu?

How is the 1999 constitution "the devil's book of suffering"?

How are obi and Tinubu handicap until the 1999 constitution is changed?

How is regionalism the only solution to Nigerias problems and how does it address the issue of corruption?

Are you saying that once there is regionalism, all Nigerias problems will be solved prompto?
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by mancanoe: 10:14am On Jun 19, 2024
If the president of Nigeria was an Igbo man they would have called for his head long ago based on the hardship and economic situation this administration has brought upon us as a nation....
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by Jagabanarmy: 10:25am On Jun 19, 2024
Bobloco:
https://punchng.com/nigerias-worrisome-corporate-exodus/
But honestly what's going on in this government? Government should create enabling environment for businesses to grow and drastically reduce the prices of food items. Jagaban do something ooooooo
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by PropertyBanker(f): 10:28am On Jun 19, 2024
It's just so pathetic & unfortunate to have the exodus of prime and leading multinational from our dear nation.... Unemployment stats will continue to surge instead of we working to curtail and reduce it. 🤔
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by InvertedHammer: 10:57am On Jun 19, 2024
hegelian:
These companies leaving have much more than failing of the government.. There is something they are seeing that we are not seeing and is much more than govt policies..I sincerely hope Nigeria is save in years to come.. I hope we are not in the final stage of serious looming of anarchy.. I seriously fear for the innocent lives that will be affected including mine.. Something is seriously brewing for multinational to start protecting itself.. They see very far ahead and plan seriously before it.. We are seeing 1 to 4 years and they are seeing decades ahead and more..
/
We live for the moment.
But corporations like those do 10, 20 years forecast.
The future is economically gloomy.

To those blaming Tinubu 's supporters, what future outlook do you think bus drivers, conductors and toll collectors have? They are only physically alive but dead in many ways.

/
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by nedu666: 11:13am On Jun 19, 2024
Iamblessed85:
I didn’t even need to read deep to see that it’s fake news.

1. Diageo is being replaced by Tolaram or so. Where’s the loss?

2. Exxon, Shell, ENI and other IOC’s aren’t leaving Nigeria. They are only divesting their onshore assets to focus on deep offshore assets due to inherent issues associated with onshore assets e.g lower hydrocarbon volumes, GHG emission, insecurity (self inflicted), etc. Infact one of the IOC’s i mentioned is about committing over 5bln dollars of fresh investment in Nigeria as we speak. That won’t make the news of course because it dosent fit the narrative.

God forbid that i’m pro APC but I’m unashamedly pro Nigeria. My whole thing is, the media is a very wicked and mind controlling enterprise. We must strive to form our own independent opinion as against being pulled on a string like puppets.

The west had their own fair share of problems many years ago but they did not prevail by running away to other countries. As for me, Nigeria is my Alamo (last stand) and if i perish here, so be it. At least, i’d never be regarded as one of those cowards that took flight at the very first sight of turbulence. I call them opportunists but then, who am i to judge really.

And yes, price of beans rose from 200 naira to 2k but the price of rent also increased from
1.5k to 3k in canada for same apartment. You dont hear them saying “Canada to the dogs”.!
You are pro Nigeria but you are not the leader or decision makers. Your leaders are not pro Nigeria, if not they won't have Swiss secret bank accounts, houses abroad, investment abroad, most have acquired second citizenship, their children are all abroad with second citizenship. They have secured their future, the future of their children and generations to come. So it's not enough to be pro Nigeria, are your leaders pro Nigeria. By the way in case of turbulence, your leaders will be the first to japa, they have private jets and helicopter
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by nedu666: 11:18am On Jun 19, 2024
demarc001:
Because they are Indians, they know how to do business the Nigerian way

Cheap labour
No standards
No safety
Poor welfare for staff
Bribe government officials
Etc.

With all these they still manage to make profit.
Big multinationals don't do these because of integrity.
Indians and lebanese treat their people like slaves, how much more Nigerians. If 30k is not good enough for 12 hour work, 7 days a week. Oga quite, Indians will call your replacement faster than you can imagine
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by Honor10: 11:29am On Jun 19, 2024
lonelydora:
No backing down!

Whoever that is tired of standing on his mandate should carry chair and sit down.

Have you seen any Igbo man complain about the economy? No tribe is better prepared for the worst in Nigeria than the Igbo people.

You all thought you are doing Peter Obi and Obidients. Ngwanu... Tinubu must finish his two terms o.

Una never see anything.
Keep fooling yourself.

No igbo man is complaining yet you guys open multiple thread everyday to complain and wail about Nigeria economy?

You need your brain check
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by bizzibodi(m): 11:52am On Jun 19, 2024
able20:
The 2 Blind Men, Tinubu and his godfather Buhari are carrying 200 million educated Nigerians to where them no know.
It obvious that after 4 years of Tinubu, all foreign investments in Nigeria will be gone.
Nigerians will survive on:
1 Dating site
2. Lottery and Bet naija
3. Brothels and beer parlors
4. Few filling stations
5. POS stands
6. Small e-commerce sales sites
7. Kiosk and mamaput stands.
With time there will be no beer to sell in beer parlors when on bottle of imported beers from Ghana will be #5k because all breweries would have closed down.
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by PARADIZEPRIEST: 12:59pm On Jun 19, 2024
It is not worrisome anything stop this negative propaganda,those foreign coys have deplicted our forex reserve enough repatrating their decades of massive profits.It istime.e LET THEM GO AND LET YOU PRESS PROMOTE OUR LOCAL MANUFACTURERS FOR OUR SELFSUFFICIENCY angry WE have MILLIONS OF young GRADS ROAMING STREETS FOR EMPOWERMENT TO SET UP INDUSTRIES. angryLet prompt them.
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by Blazetrailer:
Question is, how does Regionalism prevent same systemic corruption, irresponsible governance and improve security? So basic a question. Leave comments about Tinubu aside.

We are quick to catch on current trend and phrases as populist ideas just because one mofo suggested it as lazy and poorly thought through solutions to Nigeria's problem and everyone latches to it. Before it was Parliamentary system of government that was a solution, now, it is Regionalism. As if the people who will run the Regional governments are going to come from heaven as a special breed of incorruptible and effective ones with magic wands.

On God knows know the breed of stupidity that Nigerians have, it s an incurable one.
Not surprised though, as Ford Coppola said, "Never estimate the power of idiots in a large number in a society, they can elect one of them to lead the society"...that is what is happening to Nigeria now.

seunayantokun:
I don't think my opinion stops you from hating Tinubu if you believe that solves Nigeria's problems. But I'm entitled to my opinion on how the evil duo of systemic corruption and insecurity which have resulted in the present economic woes can be dealt with.
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by lonelydora: 2:19pm On Jun 19, 2024
Honor10:
Keep fooling yourself.

No igbo man is complaining yet you guys open multiple thread everyday to complain and wail about Nigeria economy?

You need your brain check
Since all of you Afonjas pretend to not see all that is going on, we open those threads to let you see them.
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by blueAgent(m): 4:28pm On Jun 19, 2024
demarc001:
Because they are Indians, they know how to do business the Nigerian way

Cheap labour
No standards
No safety
Poor welfare for staff
Bribe government officials
Etc.

With all these they still manage to make profit.
Big multinationals don't do these because of integrity.
100%

Well said.
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by blueAgent(m): 4:29pm On Jun 19, 2024
Blazetrailer:
Question is, how does Regionalism prevent prevent systemic corruption and improve security? So basic.... a question, leave comments about Tinubu aside

We are quick to catch on current trend and phrases as populist but poorly thought through solutions to Nigeria's problem as if the people who will run the Regional governments are going to come from heaven as a special breed of incorruptible and effective ones with magic wands
True.

I wonder.

The African and black man is his own worst enemy.
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by blueAgent(m): 4:33pm On Jun 19, 2024
PARADIZEPRIEST:
It is not worrisome anything stop this negative propaganda,those foreign coys have deplicted our forex reserve enough repatrating their decades of massive profits.It istime.e LET THEM GO AND LET YOU PRESS PROMOTE OUR LOCAL MANUFACTURERS FOR OUR SELFSUFFICIENCY angry WE have MILLIONS OF young GRADS ROAMING STREETS FOR EMPOWERMENT TO SET UP INDUSTRIES. angryLet prompt them.
Zombie.

B4 are they supposed to forfeit their profits?
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by ojinuocheibi(m): 6:33pm On Jun 19, 2024
lonelydora:
No backing down!

Whoever that is tired of standing on his mandate should carry chair and sit down.

Have you seen any Igbo man complain about the economy? No tribe is better prepared for the worst in Nigeria than the Igbo people.

You all thought you are doing Peter Obi and Obidients. Ngwanu... Tinubu must finish his two terms o.

Una never see anything.
this bragging is why I hate ibos
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by PARADIZEPRIEST: 7:08pm On Jun 19, 2024
blueAgent:
Zombie.

B4 are they supposed to forfeit their profits?
YOU ARE THE ZOMBIE NOT ME,BECAUSE YOU TALK THRU YA ANUS,AND DONT HAVE ANYTHIN TO OFFER.BUFOON. angry
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by blueAgent(m): 10:38pm On Jun 19, 2024
PARADIZEPRIEST:
YOU ARE THE ZOMBIE NOT ME,BECAUSE YOU TALK THRU YA ANUS,AND DONT HAVE ANYTHIN TO OFFER.BUFOON. angry
More crap from senseless Zombie.

Not your fault, I was not expecting a rodent to understand how global economics and the corporate world function. shocked
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by Tonnyray: 10:48pm On Jun 19, 2024
Kukutente23:
I don't. Neither does he. The question is stupid to be honest. A buoyant economy should be competitive not constricted. No sane human can see a company worth less than $2bn replacing a company worth £32bn as a good thing.
Tolaram have been producing kellogs and colgate for Africa on franchise. What's the quality like compared to the original?
Contrary to your half empty perspective of things I'm more disposed to knowing it's all about phases. Yes multinationals are free to pack up and leave if the Nigerian clime no longer suits their interests. It's not a new thing. Take it from me there will be no vacuum. The turf is only being prepared for totally new players.
Watch this space.
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by Kukutente23: 11:15am On Jun 20, 2024
Tonnyray:
Contrary to your half empty perspective of things I'm more disposed to knowing it's all about phases. Yes multinationals are free to pack up and leave if the Nigerian clime no longer suits their interests. It's not a new thing. Take it from me there will be no vacuum. The turf is only being prepared for totally new players.
Watch this space.
It's not a new thing, true. New players? Are you sure? Take batteries and tire manufacturing for example. We had so many such factories in the 90s, nulec, duracell, exide etc. When they left, can you mention the new ones that took over? What about Dunlop, Michelin and Pirelli? Which ones took over? Both are 100% imported now. Same for textiles. Mind you, the Diageo and Tolaram venture will have Tolaram acting as a franchise for Diageo so how exactly is that new one taking over. Some of you just spill rubbish out of ignorance
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by DeepSight(m): 11:19am On Jun 20, 2024
Tonnyray:
Contrary to your half empty perspective of things I'm more disposed to knowing it's all about phases. Yes multinationals are free to pack up and leave if the Nigerian clime no longer suits their interests. It's not a new thing. Take it from me there will be no vacuum. The turf is only being prepared for totally new players.
Watch this space.
And there are no terrible "phases" caused by terrible policy-making?
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by Honor10: 7:24pm On Jun 20, 2024
lonelydora:
Since all of you Afonjas pretend to not see all that is going on, we open those threads to let you see them.
Keep fooling yourself.
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by Tonnyray: 7:25pm On Jun 20, 2024
Kukutente23:
It's not a new thing, true. New players? Are you sure? Take batteries and tire manufacturing for example. We had so many such factories in the 90s, nulec, duracell, exide etc. When they left, can you mention the new ones that took over? What about Dunlop, Michelin and Pirelli? Which ones took over? Both are 100% imported now. Same for textiles. Mind you, the Diageo and Tolaram venture will have Tolaram acting as a franchise for Diageo so how exactly is that new one taking over. Some of you just spill rubbish out of ignorance
It's your understanding of "new players" that's flawed. I never said new manufacturers. Didn't you just mention importation wave? That gives credence to the fact that there'll never be a vacuum. Players will come and players will go. Those needs will always be met one way or the other.. and that until we get our acts together as a people to ensure our local industries ultimately wake up to the task just as has happened in some other once labeled 3rd world countries. You probably believe that can never happen here. You're entitled to your beliefs mate. Same way I'm entitled to mine.
Re: Nigeria’s Worrisome Corporate Exodus - Punch Editorial by Tonnyray: 7:26pm On Jun 20, 2024
DeepSight:
And there are no terrible "phases" caused by terrible policy-making?
Mention a good "phase" in Nigerian history.
1 2 3 4 5 6 Reply

Shocking Revelations Of Lagos #EndSARS Report - Punch EditorialPunch Editorial: There Is Looming Hunger In The LandHouse Of Representatives’ Provocative Hijab Bill - Punch Editorial Board234

North Grossly Underdeveloped – SanusiWhy I Cannot Implement School Feeding In 2016 Budget – BuhariAmbode Raises Police Death Insurance To N10m, Donates 45 Power Bikes