Former Labour Party, LP, presidential candidate, Peter Obi, on Monday said Nigeria has lost N95 trillion in the past five years to the exodus of multinational companies from the country.
Obi lamented that companies like GlaxoSmithKline, Equinor,
Sanofi-Aventis, Bolt Food, Procter & Gamble, Jumia Food, PZ Cussons,
Kimberly-Clark, Diageo and others have exited Nigeria, while citing consistent
reasons.
He urged the government to prioritize security, stabilize
policies, and reduce energy costs as a way for multinational companies to
strive in Nigeria.
Posting on X, Obi called for a culture of transparency,
accountability, and good governance.
He wrote: “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.”
The former Anambra governor blamed the exit of these multinational
companies on governance and leadership.
He urged the government to create a business friendly
environment for multinational companies to grow.
Obi further called on the Federal Government to transform
Nigeria into a nation conducive to business, attractive to investment.
He pointed out that Nigeria can become a beacon of hope and
progress in Africa and the world.
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