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15 Multinationals Exit Nigeria In Three Years – NECA - Politics (2) - Nairaland

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Economic Crisis: Job Losses As 16 Multinationals Exit Nigeria In 3 Years / Multinationals Leaving Nigeria Due To Foreign Exchange Woes – Edun / Don’t Leave Nigeria, Tinubu Urges Multinationals (2) (3) (4)

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Re: 15 Multinationals Exit Nigeria In Three Years – NECA by opera1(m): 8:30am On Jan 11
Antoeni:
Anything Tinubu Touches Dies

So you mean Tinubu is the president in the last 3 years??

Wake up
Re: 15 Multinationals Exit Nigeria In Three Years – NECA by Blaze14k: 8:31am On Jan 11
Ofodirinwa:
Africans are clowns.

You will continue courting 'FOREIGN INVESTMENT' as if it is a good thing. You will not ask yourself what is good about it.
Ok it 'creates jobs', but the minute one kpim happens, they pack up and leave. Imagine creating useless jobs that disappear when the economy is bad. Mind you, when the economy is bad is when you need jobs. So now you have a situation where when an economic problem is supposed to be a 2, it immediately becomes a 10 because you're depending on people who are ready to run when any sign of stress appears.

Please. Let them leave, and let us stop trying to pretend that 'multinationals' are worthwhile assets to ANY economy.

Are you being sarcastic?
Re: 15 Multinationals Exit Nigeria In Three Years – NECA by Skillsnigeria: 8:33am On Jan 11
Noted
Re: 15 Multinationals Exit Nigeria In Three Years – NECA by theophorus(m): 8:35am On Jan 11
Chai! Leaving Nigerians in the hand of Nigerian Employers.
Unfortunately, Nigerian employers are worst than Lebanese, Chinese & Co.

1 Like

Re: 15 Multinationals Exit Nigeria In Three Years – NECA by adefitim(m): 8:35am On Jan 11
ambale:
Na strong men dey do business in this country ooo

You are almost assured that you will be spending more than 50% of your revenue on light, not to talk of payment of staffs, maintenance and the rest expenses

And Government sef no gree help the matters

You said it all.
My place of work is facing the same crisis now
Re: 15 Multinationals Exit Nigeria In Three Years – NECA by dexmond: 8:38am On Jan 11
Baba said subsidy is gone and so destroyed the country with his Lagos style.
Re: 15 Multinationals Exit Nigeria In Three Years – NECA by Xkonzult: 8:41am On Jan 11
Ofodirinwa:


exactly. You'll get one useles company that is nothing in their home, the government will give them free land, no taxes, no regulation, so that one useless governor or president can take a picture with a white man that doesn't even have the respect to dress up. The useless company will operate for 2 years, then they will hear that somebody had a car accident in the same town they're in, pack up and run away. Whatever nonsense job the create, gone.

At that job, they will be abusing all the blacks in the blacks country, shoveling nigerian money to foreign bank accounts and we'll still be talking about 'they created jobs'.

Why not give the free land and tax incentives to a local company? What about a company being foreign makes it a better 'investor' than a local one? If you give that free land to Dangote, or Ibeto, or Glo, what makes that worst than one useless Chinese company? IMF brainwashing.
Stack illiterate spotted!! Weytin u write like this..



Re: 15 Multinationals Exit Nigeria In Three Years – NECA by gabicon: 8:41am On Jan 11
iwaeda:


https://punchng.com/15-multinationals-exit-nigeria-in-three-years-neca/

At the moment business all over the world is hard and slow, many of them are restructuring others are shutting down. All the wars and proxy wars are bringing out the worst in businesses. A business is a coward, the very least treat will cause it to shut down.

3 Likes

Re: 15 Multinationals Exit Nigeria In Three Years – NECA by iwaeda: 8:43am On Jan 11
gabicon:


At the moment business all over the world is hard and slow, many of them are restructuring others are shutting down. All the wars and proxy wars are bringing out the worst in businesses. A business is a coward, the very least treat will cause it to shut down.
Nigeria is more severe. grin grin grin grin
Re: 15 Multinationals Exit Nigeria In Three Years – NECA by tctrills: 8:53am On Jan 11
Ofodirinwa:
Africans are clowns.

You will continue courting 'FOREIGN INVESTMENT' as if it is a good thing. You will not ask yourself what is good about it.
Ok it 'creates jobs', but the minute one kpim happens, they pack up and leave. Imagine creating useless jobs that disappear when the economy is bad. Mind you, when the economy is bad is when you need jobs. So now you have a situation where when an economic problem is supposed to be a 2, it immediately becomes a 10 because you're depending on people who are ready to run when any sign of stress appears.

Please. Let them leave, and let us stop trying to pretend that 'multinationals' are worthwhile assets to ANY economy.
I don't think you know how the economy works.
Question for you, which country has the highest foreign investment? Answer is the USA
And China comes second.
You would never hear an American economist complaining about foreign investment the way you are
Investors and businesses are supposed to do all they can to protect themselves from failing economies and failing government policies. They don't owe your government, they owe their shear holders.
Now you are unhappy because 15 foreign investments left right? How about the 100s and thousands of local businesses that failed within the same time period because they did not have the opportunity of taking their businesses to a better country?
Would you prefer these businesses to fail?

6 Likes

Re: 15 Multinationals Exit Nigeria In Three Years – NECA by Galaticos444: 8:58am On Jan 11
Ofodirinwa:
Africans are clowns.

You will continue courting 'FOREIGN INVESTMENT' as if it is a good thing. You will not ask yourself what is good about it.
Ok it 'creates jobs', but the minute one kpim happens, they pack up and leave. Imagine creating useless jobs that disappear when the economy is bad. Mind you, when the economy is bad is when you need jobs. So now you have a situation where when an economic problem is supposed to be a 2, it immediately becomes a 10 because you're depending on people who are ready to run when any sign of stress appears.

Please. Let them leave, and let us stop trying to pretend that 'multinationals' are worthwhile assets to ANY economy.
don't u think u are more intelligent than dis garbage u wrote.multinational companies are in every country in d world.d UAE are who they are now cos they created a conducive business environment for multinational companies to strive.the almighty Putin(Russia president) is going to China,Iran and some Africa and South America countries begging investors to come and invest in his country cos he knows no country can survive without multinational companies.d question u shud ask ursef is that has ur country created a conducive environment for multinational companies to strive?
How many multinational companies will invest in a country where there's high insecurity,no power supply,not tax friendly and where d per-capital income of d citizens is very low?
Mind u d purpose of doing business is to make profit and not charity

4 Likes

Re: 15 Multinationals Exit Nigeria In Three Years – NECA by descarado: 9:02am On Jan 11
Ofodirinwa:
Africans are clowns.

You will continue courting 'FOREIGN INVESTMENT' as if it is a good thing. You will not ask yourself what is good about it.
Ok it 'creates jobs', but the minute one kpim happens, they pack up and leave. Imagine creating useless jobs that disappear when the economy is bad. Mind you, when the economy is bad is when you need jobs. So now you have a situation where when an economic problem is supposed to be a 2, it immediately becomes a 10 because you're depending on people who are ready to run when any sign of stress appears.

Please. Let them leave, and let us stop trying to pretend that 'multinationals' are worthwhile assets to ANY economy.
Stop the name calling. Its immature
No country in this world exist without multinationals. None. And no country in this world can do without the presence of multinationals.
The presence of multinationals do not stifle domestic growth eg China houses the highest number of multinational companies, the second largest world economy with explosive domestic growth. The problem with your country is human indices.
Re: 15 Multinationals Exit Nigeria In Three Years – NECA by PrinceofSarcasm: 9:02am On Jan 11
BigBlackPreek:
Port Harcourt that use to house many multinational corporations including oil companies and oil servicing companies have become a shadow of itself in terms of job opportunities SMH

So true and terribly sad indeed 😭
Re: 15 Multinationals Exit Nigeria In Three Years – NECA by Obierika(m): 9:05am On Jan 11
BigBlackPreek:
Port Harcourt that use to house many multinational corporations including oil companies and oil servicing companies have become a shadow of itself in terms of job opportunities SMH

That one is not due to economic malaise, na Niger Delta people use over-billing and kidnapping for ransom pursue them!
Re: 15 Multinationals Exit Nigeria In Three Years – NECA by ambale(m): 9:06am On Jan 11
adefitim:


You said it all.
My place of work is facing the same crisis now

I'm also in business, omo it has not been easy at all

Big ups to all businesses still trying to hold out

1 Like 1 Share

Re: 15 Multinationals Exit Nigeria In Three Years – NECA by Angelfrost(m): 9:11am On Jan 11
Ofodirinwa:
Africans are clowns.

You will continue courting 'FOREIGN INVESTMENT' as if it is a good thing. You will not ask yourself what is good about it.
Ok it 'creates jobs', but the minute one kpim happens, they pack up and leave. Imagine creating useless jobs that disappear when the economy is bad. Mind you, when the economy is bad is when you need jobs. So now you have a situation where when an economic problem is supposed to be a 2, it immediately becomes a 10 because you're depending on people who are ready to run when any sign of stress appears.

Please. Let them leave, and let us stop trying to pretend that 'multinationals' are worthwhile assets to ANY economy.

Okay... Apart from Multinationals, how many local industries do you have creating high volumes of jobs and opportunities for the teeming graduates and youths in Nigeria?!!


With the exit of these companies, what plans have you put in place for the immediate and foreseeable future of the mass of unemployed people across demographics?!!

What stimulants have you put to encourage high-end investments from wealthy Nigerians?!!


How can the business and economic sector be competitive and flourishing if many players are not involved?!!

Do you think all investors in UK, America and other top nations with better economies are from solely local businesses?!!

Did EPL, La Liga, Series A and Ligue one get to where they are currently without foreign investments?!!

5 Likes

Re: 15 Multinationals Exit Nigeria In Three Years – NECA by Abagworo(m): 9:21am On Jan 11
I don't care about the so called multinationals. They're all thieves pretending to be investors and laundering foreign exchange out of the country. Tinubu should rather encourage home grown firms so that in a matter of few years they can become Nigerian based multinationals.
Re: 15 Multinationals Exit Nigeria In Three Years – NECA by Abagworo(m): 9:23am On Jan 11
Ofodirinwa:
Africans are clowns.

You will continue courting 'FOREIGN INVESTMENT' as if it is a good thing. You will not ask yourself what is good about it.
Ok it 'creates jobs', but the minute one kpim happens, they pack up and leave. Imagine creating useless jobs that disappear when the economy is bad. Mind you, when the economy is bad is when you need jobs. So now you have a situation where when an economic problem is supposed to be a 2, it immediately becomes a 10 because you're depending on people who are ready to run when any sign of stress appears.

Please. Let them leave, and let us stop trying to pretend that 'multinationals' are worthwhile assets to ANY economy.

I always thought I was the only sane person in Nigeria but in you I've found a 2nd. There's hope
Re: 15 Multinationals Exit Nigeria In Three Years – NECA by SocialJustice: 9:27am On Jan 11
Ofodirinwa:


Bro you sound like 1972. What is technical transfer in 2023? I can google how to make a nuclear bomb, refinery, etc and not only will I have a full instructions, I will find 100 videos of a person showing me step by step. I can contact an expert, pay them and have them teach me over zoom. Or do you think that Shell being in Bonny has not made that average Bonny person knowledgable on how refineries are built and work? What do you think education is for anyways? lol

You are reached the limit of your critical thinking and now you're insulting the guy at the other end of your dead end cage. What is even stupid about what you're saying is when something technical needs to be done, 'foreign investors' bring their kins men to do it. Keep believing in dead IMF propaganda without logic
Oga abeg shut up. You can not be ignorant and arrogant at the same time. 🤣🤣🤣

4 Likes

Re: 15 Multinationals Exit Nigeria In Three Years – NECA by GetSenseNow: 9:41am On Jan 11
Abagworo:


I always thought I was the only sane person in Nigeria but in you I've found a 2nd. There's hope
Just look at the 3 of you supporting businesses closing down, y'all suppor the same party. This should tell you something

7 Likes

Re: 15 Multinationals Exit Nigeria In Three Years – NECA by spiralwedge(m): 9:41am On Jan 11
Shikini:
I remember what it took Okonjo-Iweala & GEJ to bring P&G to Nigeria
.

Easy with these lies.

I don't know when P&G came to Nigeria, but I know their factory in Ibadan was opened around 2006 and their HQ was opposite Cadbury, Agidingbi, Ikeja, Lagos many years before that.

1 Like

Re: 15 Multinationals Exit Nigeria In Three Years – NECA by sucess001(m): 9:46am On Jan 11
Ofodirinwa:
Africans are clowns.

You will continue courting 'FOREIGN INVESTMENT' as if it is a good thing. You will not ask yourself what is good about it.
Ok it 'creates jobs', but the minute one kpim happens, they pack up and leave. Imagine creating useless jobs that disappear when the economy is bad. Mind you, when the economy is bad is when you need jobs. So now you have a situation where when an economic problem is supposed to be a 2, it immediately becomes a 10 because you're depending on people who are ready to run when any sign of stress appears.

Please. Let them leave, and let us stop trying to pretend that 'multinationals' are worthwhile assets to ANY economy.

congratulations bro. your post won the most stewpid post ever award on nairaland. 👏👏

4 Likes

Re: 15 Multinationals Exit Nigeria In Three Years – NECA by MadamExcellency: 9:48am On Jan 11
Ofodirinwa:


Bro you sound like 1972. What is technical transfer in 2023? I can google how to make a nuclear bomb, refinery, etc and not only will I have a full instructions, I will find 100 videos of a person showing me step by step. I can contact an expert, pay them and have them teach me over zoom. Or do you think that Shell being in Bonny has not made that average Bonny person knowledgable on how refineries are built and work? What do you think education is for anyways? lol

You are reached the limit of your critical thinking and now you're insulting the guy at the other end of your dead end cage. What is even stupid about what you're saying is when something technical needs to be done, 'foreign investors' bring their kinsmen to do it. Keep believing in dead IMF propaganda without logic

Go and google how to pilot aircraft and borrow a private jet to take your family on vacation to the Caribbean.

Why don't you google how to drill oil and gas and build a private refinery in your village?

5 Likes

Re: 15 Multinationals Exit Nigeria In Three Years – NECA by Artscollection: 10:05am On Jan 11
Ofodirinwa:


Bro you sound like 1972. What is technical transfer in 2023? I can google how to make a nuclear bomb, refinery, etc and not only will I have a full instructions, I will find 100 videos of a person showing me step by step. I can contact an expert, pay them and have them teach me over zoom. Or do you think that Shell being in Bonny has not made that average Bonny person knowledgable on how refineries are built and work? What do you think education is for anyways? lol

You are reached the limit of your critical thinking and now you're insulting the guy at the other end of your dead end cage. What is even stupid about what you're saying is when something technical needs to be done, 'foreign investors' bring their kins men to do it. Keep believing in dead IMF propaganda without logic

Iam sure you are not an engineer by Profession if you still think you will go to google and get what ever info you want.
China as big n smart as they are, is littered with foreign companies that brings their tech n expertise into their country. Fdi goes beyond what you think, every country needs it.

4 Likes

Re: 15 Multinationals Exit Nigeria In Three Years – NECA by just2endowed: 10:10am On Jan 11
Ofodirinwa:
Africans are clowns.

You will continue courting 'FOREIGN INVESTMENT' as if it is a good thing. You will not ask yourself what is good about it.
Ok it 'creates jobs', but the minute one kpim happens, they pack up and leave. Imagine creating useless jobs that disappear when the economy is bad. Mind you, when the economy is bad is when you need jobs. So now you have a situation where when an economic problem is supposed to be a 2, it immediately becomes a 10 because you're depending on people who are ready to run when any sign of stress appears.

Please. Let them leave, and let us stop trying to pretend that 'multinationals' are worthwhile assets to ANY economy.

These was the same indigenization policy the Nigerian government preached in the 60s and 70s there by successfully drove away all the foreigners in Nigeria. Did you know that Victoria Island and other beaches in lagos were filled with foreigners?

4 Likes

Re: 15 Multinationals Exit Nigeria In Three Years – NECA by just2endowed: 10:11am On Jan 11
Artscollection:


Iam sure you are not an engineer by Profession if you still think you will go to google and get what ever info you want.
China as big n smart as they are, is littered with foreign companies that brings their tech n expertise into their country. Fdi goes beyond what you think, every country needs it.

Bro leave that guy. I just weep the way some Nigerians here reason
Re: 15 Multinationals Exit Nigeria In Three Years – NECA by Adolfnigeria: 10:11am On Jan 11
@Ofodirinwa
for your info all economies need multinational investors even the united states.
Its about foreign exchange and liquidity.

Btw your politicians that steal money do not invest in anything tangible that creates opportunitiesbor prosperity.
Ofodirinwa:


bro, this is IMF propaganda you're repeating, and the IMF is a propaganda wing for western companies to exploit 3rd world countries. What technology can't you google?

3 Likes

Re: 15 Multinationals Exit Nigeria In Three Years – NECA by LZAA: 10:17am On Jan 11
Ofodirinwa:


exactly. You'll get one useles company that is nothing in their home, the government will give them free land, no taxes, no regulation, so that one useless governor or president can take a picture with a white man that doesn't even have the respect to dress up. The useless company will operate for 2 years, then they will hear that somebody had a car accident in the same town they're in, pack up and run away. Whatever nonsense job the create, gone.

At that job, they will be abusing all the blacks in the blacks country, shoveling nigerian money to foreign bank accounts and we'll still be talking about 'they created jobs'.

Why not give the free land and tax incentives to a local company? What about a company being foreign makes it a better 'investor' than a local one? If you give that free land to Dangote, or Ibeto, or Glo, what makes that worst than one useless Chinese company? IMF brainwashing.



Pfizer is nothing in their home?
Procter and gamble is nothing too?
Michelin?
Anyway na una work una dey do for here
Smh🚶‍♂️
Re: 15 Multinationals Exit Nigeria In Three Years – NECA by coputa(m): 10:21am On Jan 11
Ofodirinwa:
Africans are clowns.

You will continue courting 'FOREIGN INVESTMENT' as if it is a good thing. You will not ask yourself what is good about it.
Ok it 'creates jobs', but the minute one kpim happens, they pack up and leave. Imagine creating useless jobs that disappear when the economy is bad. Mind you, when the economy is bad is when you need jobs. So now you have a situation where when an economic problem is supposed to be a 2, it immediately becomes a 10 because you're depending on people who are ready to run when any sign of stress appears.

Please. Let them leave, and let us stop trying to pretend that 'multinationals' are worthwhile assets to ANY economy.
One very important impetus for measuring economic growth is foreign investment in a country, they bring in the needed forex,create jobs and stimulate the economy.

Africa country badly need it because of its poor state,do nigeria have the needed technology to boost economic development.

Nigeria can't do it alone, Europe and America depend largely on Africa market to sell their products, they also buy cheap raw materials from Nigeria(Africa)
Re: 15 Multinationals Exit Nigeria In Three Years – NECA by Artscollection: 10:26am On Jan 11
just2endowed:


Bro leave that guy. I just weep the way some Nigerians here reason

What agbados cannot do, does not exist sha
Re: 15 Multinationals Exit Nigeria In Three Years – NECA by coputa(m): 10:33am On Jan 11
GetSenseNow:

Just look at the 3 of you supporting businesses closing down, y'all suppor the same party. This should tell you something
Nigeria economy has been bastardized by successive government with bad policies,it became so glaring now because of this present administration blind policy trust.

From the administration of GEJ, Nigeria has never attracted foreign investors to the country due to a number of reasons and they are getting worse:

* Insecurity

* Endemic corruption

* Unfavorable government policies

* Inflation) brought about by over reliance on Import.
Re: 15 Multinationals Exit Nigeria In Three Years – NECA by GetSenseNow: 10:50am On Jan 11
coputa:
Nigeria economy has been bastardized by successive government with bad policies,it became so glaring now because of this present administration blind policy trust.

From the administration of GEJ, Nigeria has never attracted foreign investors to the country due to a number of reasons and they are getting worse:

* Insecurity

* Endemic corruption

* Unfavorable government policies

* Inflation) brought about by over reliance on Import.
GEJ has been out of power for more than 8 years but you guys are still blaming PDP.

Check all development indices and you'll see this country took a nosedive immediately APC took power. Everything you listed here, APC has done same and more, or you want to dispute this fact?
20 years from now you'll still blame PDP

3 Likes

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