What policy will ruin foreign investments

Buhari on course!

No more easy money, if u do anyhow u see anyhow DSS and EFCC is no longer joking, they are pulling out before Nigerian s will realise one of the member of dasukigate is the owner

Abeg foreign investment is crap! U think foreigners come wt d ultimate motive of improving ur economy? Ask urselves, hw many local businesses have dis company helped 2 grow by doing business in 9ja? Hw many of their raw materials r sourced locally? Yes deres loss of tax & jobs held by locals bt d silver lining is dt dere is nw an opening 4 local businesses dealing in d same commodity 2 expand.

NO MORE CHUACHUA, IT IS TIME PAID DUTIES. THEY CANT SURVIVE UNDER A CLEAN REGIME.

They can go to wherever, we have stores and we have fruit juice manufacturing companies in Nigeria.

Nice!

fair weather friends...

[b][/b]Sincerely we don't think at all in his country. What is the good news about this ugly situation?

Have we taken our time to consider how many Nigerian Youth that will now join the UNEMPLOYED YOUTH ASSOCIATIONn OF 9ja as result of this single action

Have never heard of tropikal fruits b4 nd am sure all those commenting 2 have not.xo wats d big deal?

Kai ZOMBIES! see their reasoning!!they don't know what it takes to float a production company for her! kikikikikiki

it is an opportunity for our local industries in the same line of business to expand and grow

Very good... Who is goin next?

banki:
Op I see most of your posts show your a bearer of bad news

Itts a good thing that the company that makes juice is leaving

Nigerian companies make juice and they are staying

You mean he is SAD-U-SEE (SADDUCEE)?

majekdom2:
do you know what foreign investment is at all

[size=14pt]
No we don't know , kindly tell us. And while you are at it please
1. tell us if you will keep your money in a bank that all your friends and even enemies tells you might be closing down soon .
2 If you will keep your money there please give us good, reasons that make sense
3. If the bank eventually crashes and you lose all your money, please tell us how you will explain this to your wife and children.[/size]

So na south Africa get clover ...most useless drink in the world...Nigerianso don't really know how to grow business,and that's why Dangote is mile ahead of 2nd richest in Nigeria...Comovit -C is a better alternative,but the mumu gup that owns it can't distribute outside Osun State

Mtn plsssss follow, just becos choichoi money no dey agaaaaaaaaaaaiiiiinnnnn, ya com dey form vex, plsssss shift! Ha

erunz:
Clover, a South African beverage line responsible for the production of Tropika fruit juice, says it is withdrawing future investments in the Nigerian market.

Clover becomes the second South African company in two weeks to toe this line. In its fiscal year-end profit/loss posting, the company said the financial crisis in Nigeria is to blame for its withdrawal from the Nigerian market.

“The weakened global economy and the impact of low economic growth forecasts and commodity prices have had a significant impact on the risks facing Clover in the rest of Africa,” the financial statement read.

“The current financial crisis experienced in Nigeria, which is fuelled by low oil price, is a further cause of concern, thus the Group has decided to withdraw from future investments in Nigeria.”


The company said it would be looking to the rest of South eastern Africa for future investments.

“The Group will continue to expand its operations within the Botswana, Namibia, Lesotho and Swaziland region, and will continue to pursue export opportunities in Africa where the currency risks can be mitigated.

“The capital previously earmarked for Africa will no longer be spent. It is anticipated that planned selling price increases will absorb anticipated inflationary cost increases in the second half of the year, as not all selling price increases were realised in the first half.”

The current foreign exchange policy employed by the Nigerian government has often been identified to be triggering withdrawal of investments from the country.

Earlier in the year, South African retail line, Truworths pulled out of the Nigerian market, owing to the economic crisis in the nation. International pundits say the comments of Michael Mark, CEO of Truworths, about the economy show a sign that President Muhammadu Buhari’s attempts to boost local industry are hurting foreign investment.

“We were unable to operate the stores properly any longer because we were unable to send merchandise to the stores because there’s regulation preventing that,” Mark had said.

https://www.today.ng/business/88199/another-safrican-company-pulls-out-of-nigeria

They should leave, we need real investors to engage in proper production and not marketers of finished products from other countries.

paramount123:
it is an opportunity for our local industries in the same line of business to expand and grow

guy I know clover,I know Comovit-C, the latter is better than that useless drink but the guy not distributing outside Osun State

tropika i haven't heard of that

please which juice do they produce? sobo?

M.juz thinkin.,either 2mush kids on nl or peeps juz bin sentimental or zombies everywhere.,itz real nt abouh wah d company produce or if we can't get indigenous company 2 produce such or d company bin SA..itz real d staffs dat r goin jobless..nw imagine ur kidbro was in dat company..with tins bin as dey are ryt nw...can he juz go out nd get anoda job 2mao...I was thinkin of quittin ma job bouh was pipo kept advicin mi..u won't knw wah dat job is doin 4 u ryt nw..nt 2 say lyf wil end or one won't get a beta job elsewhere..buh itz alwayz best if u leavin a job 4 an already made beeta one...

don4real18:
We will drink Zobo

austinsmat:
this man is killing what it takes Jonathan time to build foreign investment

Some people just come online to write anything that come to their fingers - however unintelligent it iis.

don4real18:
We will drink Zobo

madridsta007:


I see that you don't care about the newly unemployed

How many people did tropika fruit juice employ in nigeria?

Yes other nigerian companies will fear better

emonkey:

[size=14pt]
No we don't know , kindly tell us. And while you are at it please
1. tell us if you will keep your money in a bank that all your friends and even enemies tells you might be closing down soon .
2 If you will keep your money there please give us good, reasons that make sense
3. If the bank eventually crashes and you lose all your money, please tell us how you will explain this to your wife and children.[/size]

whatever you have put upthere does not correspond with the argument. The fact that it's a different country does not in anyway make it foreign investment. Now, HP is an American brand but manufactures some of its computer systems in China with china's resources and then exports to other countries generating forex and strengthening china's currency... that's foreign investment. What this company leaving Nigeria does is simply retail. We need to get this clear. When likes of lifemate furnitures leave , some will say we have lost foreign investment but tell me, how many of our own made resources are being used in the production of those furnitures.

Bye bye to them. Una no see say the useless company want kill me with jedijedi? Their father, infact their dad!

banki:


How many people did tropika fruit juice employ in nigeria?

Yes other nigerian companies will fear better

Have u ever been workin then all of a sudden u lost you job..nd it took you juz 1 wk 2 gain another...jus 1 wk o.,if u have..kindly explain how u felt jus dat 1 wk...

Ugly and bitter history of 1984 is precisely repeating itself-divestments from Nigeria.

Zobo drink and kunu dey there. Who cares. Make dem commit for indigenous company to take over the market. Nigerians are are determined to hang in to sacrifice to build our economy as Japan & China did. pmb no retreat no surrender.