₦airaland Forum

I am compelled to address the alarming exodus of multinational companies from Nigeria, which has cost our nation a staggering N95 trillion in the past five years.

According to The New Telegraph, in the last year alone, over ten multinational giants such as GlaxoSmithKline, Equinor, Sanofi-Aventis, Bolt Food, Procter & Gamble, Jumia Food, PZ Cussons, and Kimberly-Clark, Diageo and others, have exited Nigeria, citing eerily consistent reasons.

According to The Punch, "Multinational firms exit Nigeria over harsh business climate." The Guardian reports, "Insecurity, high energy costs force companies to leave Nigeria." The Nation states, "Poor business environment, inconsistent policies drive companies out of Nigeria."

These companies have highlighted the same problems across the board. It is clear these issues are not coincidental but symptomatic of a larger governance problem. Why are we not facing and solving these problems head-on?

The responsibility lies with our leadership, those we put in charge to urgently address these challenges. Tackling these issues requires creating a business-friendly environment that fosters investment, innovation, and growth.

This includes prioritizing security, stabilizing our policies, and reducing energy costs. We must also cultivate a culture of transparency, accountability, and good governance. We can build an economy that benefits all Nigerians, not just a privileged few.

Let us unite to transform Nigeria into a nation conducive to business, attractive to investment, safe and prosperous for all citizens. Together, we can make Nigeria a beacon of hope and progress in Africa and the world.

A new business friendly Nigeria is possible. -PO

Peter Gregory Obi

Abeg make una try rest.

Since on Saturday or so, the FP has been all about Peter Obi

Is there no news about the new minimum wage and the likes?

mrvitalis:
Peter Obi has brought in more foreign companies in Nigeria than any politicians

He has supported more real local businesses than any politician in Nigeria and this has lead to more job creation more than any politician

From Anambra to Ogun to Lagos to Abuja to rivers to Kano

So be rest assured he knows what he is talking about and he knows n fears the impact

another Aba fabricated nonsense 😹😹.... just 🤫 shhhhh

Boda Bitter the lamenter😹

Makunahatata:
another Aba fabricated nonsense 😹😹.... just 🤫 shhhhh

Oya name one person better than him I dare you


NB I know he won't name any but for the neutral reader reading this years top come ... This

It's all good in the eyes of helinues.

As long as there is lack of jobs, stealing of eggs is an alternative.

mrvitalis:
Oya name one person better than him I dare you


NB I know he won't name any but for the neutral reader reading this years top come ... This

why should I join u in making stupid names up at the top of my head like u always do...it's pointless arguing with u sef over a state governed by the lying machine that's not even in the top 3 highest economy in Nigeria.

AngryMrMAN:
Still fooling around until finally MTN leaves.

Then indomie.

That time gworo will finally get sense because indomie and MTN are the only 2 important things in a gworos life

that's your problem

AngryMrMAN:
How many times you go pray today ehh gworo 😁

Shey Mohammed pray come still dey angry with those around him ?

that's your problem

AngryMrMAN:
Slam and hate 5 times

Rinse

Repeat 😁😁😁😁😁

your problem

THEY ARE BEING REPLACED BY OTHERS. LIFE NAH TURN BY TURN.

Others have replaced you since when you Left APGA to PDP then from PDP to LABOUR naso life be. You sef no stay for one place nah.

AngryMrMAN:
East work

West work

South work

North pray 😁😁😁😁😁😁😁

your problem

Omo ehn 😂

Zxcvbnmghtr:
THERE ARE BEING REPLACED BY OTHERS. LIFE NAH TURN BY TURN.

You are on nairaland o commenting.

People who have worked in the economic team of this country despite the party ruling.

They are telling you it's bad but you are here laughing.

Just like when a broker tells you that investing in a particular forex will kill you in 6 months you will be laughing because you see little gains today

AngryMrMAN:
You are on nairaland o commenting.

People who have worked in the economic team of this country despite the party ruling.

They are telling you it's bad but you are here laughing.

Just like when a broker tells you that investing in a particular forex will kill you in 6 months you will be laughing because you see little gains today

The competition is too high for them from the locals. Lots of what used to be branded and packaged are now made by women in their homes locally. So?!!! It's understandable.

Is there a time multinationals have not been leaving Nigeria?

Zxcvbnmghtr:
The competition is too high for them from the locals. Lots of what used to be branded and packaged are now made by women in their homes locally. So?!!! It's understandable.

All blames but yourself.

What's the forex import?

The replacement you are laughing and screaming while fainting for is from where.

Turkey?

Libya?

Have you seen how many paracetamol tablets are in circulation in Nigeria?

Yes that is a simple layman example for you to understand.

The original will pack and go.

Makunahatata:
why should I join u in making stupid names up at the top of my head like u always do...it's pointless arguing with u sef over a state governed by the lying machine that's not even in the top 3 highest economy in Nigeria.

Anambra is the highest none oil or gas producer in terms of GDP... It has zero federal presence

Rank top 5 in very meaningful developmental index... Yet it's a relatively new state

Do you even know what developmental index means

Na statistics we go chop? ~ Asiwaju in 2022/2023.

Now, Multinational Companies are been forced to chop statistics!

Weldon Asiwaju!

AngryMrMAN:
All blames but yourself.

What's the forex import?

The replacement you are laughing and screaming while fainting for is from where.

Turkey?

Libya?

Have you seen how many paracetamol tablets are in circulation in Nigeria?

Yes that is a simple layman example for you to understand.

The original will pack and go.

China has developed today by refusing to relent in their efforts to be local producers even at the face of attributing FAKE to their product. It took them ages to get to where they are today. So?!

The People's President

Zxcvbnmghtr:
China has developed today by refusing to relent in their efforts to be local producers even at the face of attributing FAKE to their product. It took them ages to get to where they are today. So?!

Which one are you producing?

You are only frustrating the old import and jumping back to new import with a different label

Thief go and return the monies you stashed away in Panama and build factories in Naija.

AngryMrMAN:
Which one are you producing?

You are only frustrating the old import and jumping back to new import with a different label

For example, when last did you hear about OMO detergent?! Women are now helping themselves. Just one example.

AngryMrMAN:
Slam and hate ma gworo.

Don't worry in the next 7 years Una go peel it.

I hope you read the New and understand the angle I'm driving at.

For now enjoy zah country

your problem