₦airaland Forum

Administration1:
Can I buy it, where is your location?

Ondo town

US consumer goods powerhouse Procter & Gamble (P&G) will discontinue manufacturing in Nigeria and pivot to import-only activity, the company said Tuesday.

The multinational expects $2.5 billion in charges over the next two years from rejigging operations in some of its markets and writing down the value of its Gillette business.

The maker of iconic brands including Pampers, Gillette, Ariel, Always and Oral-B could incur


charges anywhere between $1 billion and $1.5 billion after-tax from restructuring its operations in Nigeria and Argentina, two markets where the business has been problematic for the corporation.

“So when you think about places like Nigeria, when you think about places like Argentina, it’s very difficult for us as a U.S. dollar-denominated company to create value,” Andre Schulten, the chief financial officer, said at Morgan Stanley Global Consumer & Retail Conference in New York.

“It’s also difficult to operate because of the macroeconomic environment,” he added.

The move adds to the woes of multinational operations in Nigeria, where foreign companies especially manufacturers and energy firms have been exiting in droves, most citing the current foreign exchange crunch and devaluation of the naira, which means lower earnings for foreign companies in dollar terms.

In March, Unilever announced an end to the production of its homecare and skin-cleansing products in the country because those categories are “margin dilutive” and the decision needed to be taken to make its Nigerian operation profitable.

This August, British pharmaceutical giant GlaxoSmithKline said it was terminating its manufacturing operations in Nigeria also, opting instead for a third-party distribution model.

P&G has been operating in Africa’s largest economy for 30 years and ran two manufacturing plants in Ibadan, Oyo State and Agbara, Ogun State. It has been scaling back operations through job cuts and partial running of its factories in recent years.

“Only the P&G plant in Ibadan is currently being run by the company, and it only produces Ariel detergent. All the other P&IG products in Nigeria are either being imported or produced by another company licensed by P&IG,” a company source told PREMIUM TIMES in 2021.

Nigeria contributes $50 million in net sales to P&G’s global business according to its CFO.

“We think that we’re at the point in both markets, Argentina and Nigeria, where a change in the approach will yield a better result overall,” Mr Schulten said.

“So it’s not because it’s opportune. It’s because we truly believe this is the better way to go to market in those geographies.”
https://www.premiumtimesng.com/business/649375-pg-to-end-manufacturing-operations-in-nigeria.html

BAT 2023

PedoBear:
Kill it and eat it

impossible

Solofresh2:
Please let it go

I want to sell it

LagosG:
You tied its wings? Why? A baby for that matter. As far as that bird is concerned, you and your friends are hardened terrorists!!!

it's fighting everyone around and ready to to attack anyone, so we tied it

Shalommy:
Op, if you're planning to eat that thing. Know this, it won't digest till thy kingdom come. Oops!..

I will never

Owl

More

I was coming from the farm this morning, I met a friend in the road and we were discussing when this baby owl just fall from a nearby tree, we caught it and tie the wing.

Farmerakinloye6:
Sold grade 2 diva 9-10k this morning. Remain one more harvest to call it A year .

Thank you boss, I dey follow your price update, that's what has been my guide

okerekingsley90:
The question is sell of off to whom? Who go buy am? No be still your people ?

not my people, there are people from other towns and state living in Ondo

BigDawsNet:
How did you eliminate the target?

bought a wire and set it as a trap on the cocoa tree

Donake:
It went extinct.

so many rats here in Info cos few people who happens to be visitors only eat

Vlibray:
enh enh ?.. it forbidden but you don butcher the thing

On a more serious note, why is it forbidden ?
And what's the repercussion on the consumer ?

It is forbidden in Ondo town, the repercussions is incurable sickness, though it may not be real, but from history, we heard rat once did a big favour for Info people

Lovemeharder:
Drop location

Ondo town

Mantul:
Can you make chocolate from the pods? If yes do drop step by step recipe

I can't be t there is a factory around doing that

Rexymania:
Why is it forbidden to eat rat in your state?

not in my state, but in my town. Ondo town, other people from other town eat it

[quote author=Upaka post=127266901][/quote]Aunty mi, ke en ti I ke?

Asquare84:
how do you guys plant this cocoa, i want to plant it in my compound

That tree you are seeing is over 40 years old.
Get some cocoa seed, put in the nursery bag and wet once or twice weekly, transplant after 2-3 months

FuckingMachine:
Oga drop location.
It's like you think we're foolish on this forum abi?

hahaha, truly it's a taboo, I have sold it already. N1500

FuckingMachine:
But you roast am.

I have to do this so that I can get buyers

It's forbidden for any anybogy from Ondo town to eat okete

Cocoa tree
On fire

There is this big rat that comes every night to eat our cocoa pods. We have two cocoa trees in our compound. I killed the male rat last week and I killed the female today.
It is forbidden for any Ondo ekimogun born to eat the big rat. So I'm going to sell it off.

MidasTouch15:
Just go to the portal and reprint. It will cost some amount though

Thank you sir

Help, please I have the soft copy in my former phone, my phone got damaged beyond repair, please how can I login to cac portal and reprint the certificate?

OPV seed

I extracted the seed from tomatoes I used to make stew some weeks ago.
The opv seed is exactly a month old today

Since Buhari second tenure till now, I don't give money to Hausa Beggers, and now that I wish to give, Tinubu is not making it easy