₦airaland Forum

Dennisochampa:
U see your life?? When them commot... U dey blame the government... Now them wan come back.... U still dey ask if e go mean better life for citizens.... Werin una want sef? How better life wan take come if there are no factories?? No be humans go work for the place

Rebelutionary:
Wait, you think Michelin is one 2x2 shop owner that just wakes up and say "we are going back to Nigeria"?

Oh they have done no groundwork to warrant them coming back right? It's you that knows what hasn't been "fixed", they have their data guiding their imminent return!

qtx:
I hope Michelin understands our current harsh tax policies and presidential pardons of criminals right and left. They should know before you come reach here come de lament o. Make dem dey sure, we no wan hear complaints here when dem come. If na that one, make dem kuku let us be. we are good with our tyre situation right now.

Racoon:
Michelin coming back is a good thing but does that translate to better life for the populace that have long been bastardized by all the anti - human policies of this rudderless government?

Racoon:
Michelin coming back is a good thing but does that translate to better life for the populace that have long been bastardized by all the anti - human policies of this rudderless government?

Dennisochampa:
U see your life?? When them commot... U dey blame the government... Now them wan come back.... U still dey ask if e go mean better life for citizens.... Werin una want sef? How better life wan take come if there are no factories?? No be humans go work for the place

HenryWilliams:
If they explain Nigeria to you and you understand..you haven't gotten the true gist.
A govt that churns out unfavorable policies like it's Christmas candy. Extremely unfriendly business climate.
The article clearly stated they were thinking.. nothing concrete..
You think Multinationals take your emotions seriously.. they look and forecast. Waiting till 2027 helps them .if a new Govt enters or it's gonna be Extended Hopelessness 3.0

Net income at Michelin fell 27.7 per cent year-on-year in the first half of 2024, pushed down by a mixture of lower sales and tyre volumes, particularly in the original equipment segment. This €840 million net income equates to earnings per share of €1.18, down from €1.62 in Q1 2024.

Racoon:
Michelin coming back is a good thing but does that translate to better life for the populace that have long been bastardized by all the anti - human policies of this rudderless government?

Racoon:
Michelin coming back is a good thing but does that translate to better life for the populace that have long been bastardized by all the anti - human policies of this rudderless government?

casualobserver:
Oga stop being so negative. Even if it’s not concrete, people that were not thinking before are now thinking. Shell just confirmed $2b invested yesterday. Qatar just announced $300b investment commitment in Nigeria over the next 10yrs.

For Gods sake you can criticize the govt and acknowledge the gains. Not every time politics. At the end of the day, whether you support Tinubu or Obi, they will come and go and Nigeria will remain. It’s Nigerians That will enjoy or suffer whether or not investors come to Nigeria or not. Celebrate any investment irrespective of who is in power because the investors don’t ask who you support when they create the jobs.

What’s wrong with you people?

Slytiger:
https://pmnewsnigeria.com/2025/10/15/michelin-planning-comeback-after-18yrs-of-exit-from-nigeria/

Goodvibes007:
In other words, you are asking if it will reduce the price of bread, mudu of garri, and cup of rice?

Since this is good news to the economy in terms of job creation and economy growth, you are already sad at hearing the good news because it does not suit your agenda.

anonimi:
World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate

April 23, 2023

The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*

“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.

“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.

https://www.ripplesnigeria.com/world-bank-offers-nigeria-forex-rate-advice-as-tinubu-eyes-n200-dollar-rate/?amp
>>>
>>>

Muhammadu Buhari, presidential candidate of the All Progressives Congress (APC), has promised to ensure that the naira would be equal to the dollar in value if voted into office.

NAN reports that Buhari said this on Monday during the south-east presidential rally of the party at Dan Anyiam Stadium, Owerri.

“It is sad that the value of the naira has dropped to more than N230 to one dollar. This does not speak well for the nation’s economy,” he said.

He urged the people to vote for APC, noting that he would ensure that corruption was tackled headlong if elected.

https://www.thecable.ng/ill-make-naira-equal-dollar-says-buhari/amp

Slytiger:
https://pmnewsnigeria.com/2025/10/15/michelin-planning-comeback-after-18yrs-of-exit-from-nigeria/

theredaddy:
Fine ! you think you have a point! let me remind you Michelin left for some reasons that hinder viability

these reasons i consider the underlying issues, how many have govt fixed/resolved, if the challenges are still there nd they are coming back how long before they fly back again

Indigenous businesses are finding it so difficult to stay up, Dangote refinery if not for the financial muscle that man has, ... foreign investors don't owe commitment they are flight-triggered

We are thinkers, don't blame us if we don't count our chicks b4 the egg hatches

Dennisochampa:
..

Well... I don't think you know more than the principals of the company...
If they left for a reason... They are coming back for a reason...
Indigenous companies are struggling because they are used to doing the wrong things over time....
Nigeria is home to thousands of companies that are thriving even in the face of the economic hardship...
It's all about flexibility and adaptations...
Where others see a problem... The companies that are still standing strong see solutions

HenryWilliams:
They should wait till 2027 to see where the wind blows.

Immatex:
Even my brand new 2024 model car here in the UK doesn’t run on Michelin tyres.

There are loads of cheaper options here than Michelin tires.

Toluwanise247:
Your pain is forever…. Cry more

Slytiger:
After eighteen years of shutting down its production plant in Port Harcourt and eventual exit from Nigeria, French tyre manufacturing giant, Michelin, is planning a ‘strategic’ comeback to the country.

This came to light during TechCabal interview with the Managing Director and Vice President of Sales for Michelin Sub-Saharan Africa, Amaury Vadon.

Michelin, which was the leading brand in the Nigerian tyre market in the 20th Century shocked the world when it shut down its production plant located in the oil-rich capital of Nigeria’s Rivers State in 2007.

The unfortunate shutdown was due to the very unfavourable business climate in the country at the time.

Though the company has not announced plans to reopen a factory, according to the news report, ‘it wants to rebuild its brand visibility, strengthen local presence, and position Nigeria as a key growth hub in Sub-Saharan Africa.”

Michelin’s shutdown of production which marked the end of an era in Nigeria’s tyre manufacturing history, was followed by exit of its major competitor, Dunlop.

Factors accurately adduced for their ‘deaths’ in Nigeria include unfavourable business conditions, inconsistent government policies, and the influx of cheaper Asian imports.

TechCabal further noted that in 2008, 90% of tyres sold in Nigeria were imported, up from just 25% in 2005, a shift that reshaped the industry entirely.

“Today, Nigeria’s tyre market is worth an estimated $820 million, projected to hit $1.12 billion by 2030 at a 6.4% compound annual growth rate. Yet, despite growing demand, driven by the country’s 40 million-strong vehicle fleet and expanding road networks, the market remains dominated by low-cost brands. About 80% of Nigerian consumers buy budget tyres, mostly from Asia,” the medium wrote.

Michelin reportedly views this major challenge as an opportunity.

However, Michelin MD Amaury Vadon was quoted to have said, “It’s true that after the shutdown, many Nigerians thought Michelin had left the country. But Michelin never truly left. We may have stopped manufacturing, but we remained commercially active and are now more present than ever before.

“We are not importers or distributors. We have Michelin employees in Nigeria. That’s a key difference. We believe in having people who can explain our value, our innovation, and why Michelin products matter.”

Towards the strategic comeback, it’s revealed, Michelin has restructured its operations in Nigeria, transitioning from an export model to a fully owned local agency. The company now maintains an office on Victoria Island, Lagos, staffed by Michelin employees who oversee direct sales, marketing, and customer engagement.

The company’s renewed focus is on two major growth segments: passenger car tyres and beyond-road activities such as agriculture, construction, and port operations. The size of the passenger car tyre market in Nigeria for 2025 is estimated at over $0.82 billion for producer and importer revenues, with passenger car tyres being the dominant segment in the nation’s overall tyre market.

Popular passenger car tyres in Nigeria, such as 195/65R15 and 205/70R15, measure about 195–205 millimetres in width and fit 15-inch wheels.

Their proportions and related variants are valued for their strength and reliability on rough local roads.

Nigeria’s evolving automotive landscape, with a growing preference for larger, high-end vehicles, drives demand for premium tyres in the 18-inch-and-above category, and confidence already built by the current government’s bold policies of economic reforms, ongoing road construction and infrastructure projects which have created new opportunities in heavy-duty and off-road segments, must have inform the company’s decision to fully return to the country.
https://pmnewsnigeria.com/2025/10/15/michelin-planning-comeback-after-18yrs-of-exit-from-nigeria/

theredaddy:
They were once here, dunlop was once here, it not about i think, what does the environment say


Coming down here, if they take the option of manufacturing, energy factor and cost of production which is one of the reasons they left, these challenges are still there

2ndly we must talk of Patronage, i have being using cars since 04 , i bought new tyres once in my Life 🙈🙆 ... and many car users in Nigeria are like that, if you know much they sell double king tyre talk more of michel dey play

except there come back is strategically for the vips thats the market they can have .. well time go tell

MT:
A company which has left your country for 18years is coming back when it sees Nigeria is going in the right direction.

Now. the company will recruit staff and pay salaries and taxes to the govt. You are still lamenting.

Let me tell you - the work of the Governmemt is to provide an enabling environment which will allow private companies to come in and drive the economy. If you are still waiting to be given handout at this age, then it’s a disaster.

Place value on yourself and position yourself for the oppportunity that is coming. The FG is doing its work, do yours by improving your skill sets. Enough of this lamentation. Some individuals have naturally failed in this world due to the choices they made in the past,but now blaming the govt for their predicaments. It has to stop!. Some individuals are earning over 1 million per month in salary. Why can’t we count you as one of them? The only thing you do is to throw your toys out of the pram as a self entitled individual.

Don’t always think of what your country can do for you but what you can do for your country . You can only think this way if you have something to offer - go and be valuable ..

Nigeria is moving in the right direction and companies and world institutions are seeing and responding accordingly.