Atiku Abubakar, the presidential candidate of the Peoples
Democratic Party, PDP, has expressed concern over the planned exit of
GlaxoSmithKline from Nigeria.
Atiku spoke on Saturday in a post on his verified Twitter
handle.
According to him, the company’s showed how horrific the
country is becoming for businesses.
Recall that GlaxoSmithKline in a statement on Thursday
issued to the Nigerian Stock Exchange by its Secretary, Frederick Ichekwai
disclosed its plan to shut down operations in Nigeria.
In reaction, Atiku expressed sadness that many international
firms are exiting Nigeria due to the harsh economic environment.
He lamented that the situation would further worsen the
state of unemployment in Nigeria.
The former Vice President advised that the government needs
to do more to encourage foreign investors.
He added that there is need to revamp the country’s
infrastructure, improved fiscal, monetary measures
“The planned exit of GlaxoSmithKline (GSK) from Nigeria
after more than five decades of doing business in Nigeria underscores how
horrific the environment has become for both local and foreign businesses.
“Sadly, many international firms have, in recent times, sold
their assets and bid farewell to Nigeria after several years of operating in
our country.
“These exits have led to further loss of jobs in an
environment that is already bleeding jobs. We need to do a lot more not only to
encourage investors to make Nigeria their preferred destination but also to
encourage companies already operating in our land not to ‘japa.’
“To this end, we must revamp our infrastructure, endeavour
to enthrone a sustainable regime of energy security and retool our fiscal and
monetary policy”, he wrote.
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