QatarEnergy boss Saad Sherida al-Kaabi has decided not to invest in Nigeria, despite a visit by President Ahmed Bola Tinubu aimed at reinvigorating his country's oil and gas sector.

The company headed by the gas-rich emirate's energy minister is put off by the business climate in the Niger Delta, where Western majors have been scaling down for a decade.

His visit was intended to attract investment from the emirate in Nigeria's oil and gas sector, which is in dire straits due to a lack of funds. But after much consultation, Saad Sherida al-Kaabi, the CEO of QatarEnergy and the emirate's energy minister, is not in favour of his company investing in Nigeria.......

But after much consultation, Saad Sherida al-Kaabi, the CEO of QatarEnergy and the emirate's energy minister, is not in favour of his company investing in Nigeria.......

Racoon:
These are the consequences of getting the wrong leadership to steer the affair of a nation. No sane person or country will commit itself to investment it business in a country with known cr!minal.

No good country leadership spend its scarce resources looking or chasing for investment while it is destroying existing ones.

Sonyboom:
How many foriegn investor was the Pandora Criminal n bastard Peter Pandoraa Obi able to bring into Anambra compare to the ones Tinubu brought?

Racoon:
"Meanwhile, challenges faced by local and multinational manufacturers in Nigeria have been power crisis, constant devaluation of naira, forex availability and stringent government policies.

-1). Unilever announced the exit of its home care and skin cleansing from Nigeria; in July 2023.

-2). Nigeria’s second-biggest drug producer and British pharmaceutical giant, GlaxoSmithKline Consumer Nigeria Plc, announced an end to manufacturing operations in Nigeria;

-3). French pharmaceutical multinational, Sanofi, announced its decision to quit Nigeria; in November,

-4). Equinor Nigeria Energy Company (ENEC), a Norwegian energy corporation announced the sale of its Nigerian operations, and

-5). Procter & Gamble (P&G) announced its decision to shut manufacturing in Nigeria."

https://leadership.ng/140-yr-old-pz-cussons-considers-leaving-africa-over-nigerias-sales-plunge/#google_vignette

Sonyboom:
How many foriegn investor was the Pandora Criminal n bastard Peter Pandoraa Obi able to bring into Anambra compare to the ones Tinubu brought ?

Sonyboom:
And I thought they left to move to Biafra where the Pandora bastard Peter Obi was president.

Racoon:
"Meanwhile, challenges faced by local and multinational manufacturers in Nigeria have been power crisis, constant devaluation of naira, forex availability and stringent government policies.

-1). Unilever announced the exit of its home care and skin cleansing from Nigeria; in July 2023.

-2). Nigeria’s second-biggest drug producer and British pharmaceutical giant, GlaxoSmithKline Consumer Nigeria Plc, announced an end to manufacturing operations in Nigeria;

-3). French pharmaceutical multinational, Sanofi, announced its decision to quit Nigeria; in November,

-4). Equinor Nigeria Energy Company (ENEC), a Norwegian energy corporation announced the sale of its Nigerian operations, and

-5). Procter & Gamble (P&G) announced its decision to shut manufacturing in Nigeria."

https://leadership.ng/140-yr-old-pz-cussons-considers-leaving-africa-over-nigerias-sales-plunge/#google_vignette

Racoon:
These are the consequences of getting the wrong leadership to steer the affair of a nation. The Maesrt issue is opening the eyes of many potential investors. No sane person or country will commit itself to investment it business in a country with known cr!minals at the helm of affairs.

No good country leadership spend its scarce resources looking or chasing for investment while it is destroying existing ones. Provide the right leadership and conducive enabling environment and see investors pursuing you.

nedu666:
Nigeria no get light yet its leaders dey find foreign investors

The purchasing power of Nigeria is falling yet its leaders are seeking foreign investors

Sonyboom:
How many foriegn investor was the Pandora Criminal n bastard Peter Pandoraa Obi able to bring into Anambra compare to the ones Tinubu brought ?