dpete1:
Couldn't believe I read this piece from A to Z

your account number

Nwaajasa:
your account number

😁😁😁 thanks boss

Your write up ma long. You complain of something and do it.

turmacs:
Wait OP, you really expect somebody to read all these things you wrote up there? Haaa..

Anyway, i don't know who needs to hear this but if you have a friend that loves to eat head of chicken, head of goat, fish, or head of any meat in general, run from those types of people, i repeat, run from those types of people. A lot of the signs most of us take for granted and think that it actually doesn't mean anything are actually all you need to know the type of person somebody is. Any friend of yours wey go open eye dey eat head of animal, keep that kind friend at a safe distance.

InyinyaAgbaOku:
You know it's a lie when the story is this long.

Let GSK release an official statement I will believe

APC wants to be the one to tell you why 60 companies left Nigeria in one year themselves.
Smh

FIJ and its investigative journalists are not sponsored by the APC government tho

turmacs:
Wait OP, you really expect somebody to read all these things you wrote up there? Haaa..

Anyway, i don't know who needs to hear this but if you have a friend that loves to eat head of chicken, head of goat, fish, or head of any meat in general, run from those types of people, i repeat, run from those types of people. A lot of the signs most of us take for granted and think that it actually doesn't mean anything are actually all you need to know the type of person somebody is. Any friend of yours wey go open eye dey eat head of animal, keep that kind friend at a safe distance.

na why e dey very easy to deceive your type,read mba claiming educated,tufia.
This is real journalism not junks written by blogs sit down and read danboroba

omoredia:
Lies upon lies. U losers expend more energy to give excuses for a failure that to give solutions to even the smallest problems. Shame

fij is very reliable,no be everything be politics.sit read before you criticize

Osoboshi:
fij is very reliable,no be everything be politics.sit read before you criticize

It's a lie. It's a liar that has many words to say

omoredia:



It's a lie. It's a liar that has many words to say

oga fij don't do junk journalism, they were the same people that did that 3years incarceration for attending kanu trial on front page if you think they are government affiliated.
One of their journalist fisayombo was detained earlier this year

Osoboshi:
oga fij don't do junk journalism, they were the same people that did that 3years incarceration for attending kanu trial on front page if you think they are government affiliated.
One of their journalist fisayombo was detained earlier this year

If politicians can be bought, who are journalists? Trust but verify. Nigerians can change affiliations at will. At this point, I can only trust in God.

omoredia:



If politicians can be bought, who are journalists? Trust but verify. Nigerians can change affiliations at will. At this point, I can only trust in God.

your wish

Let me add two cents to this matter. I know for a fact that the Nigerian Foreign Ownership law has always impeded most US companies from opening subsidiaries in Nigeria. The law stipulates that Nigerians should own 51% of shares in a foreign subsidiary. I am not making this up people. I have attended various meetings where this issue was brought up. A foreign company wants to come and open a subsidiary in that country with their initial investment capital and some laws dictate that 51% of the subsidiary value should be owned by some outside people. Mind you 10-15% is the norm in most countries. but with the 51%, it ain't happening. Until that law is repealed I know for a fact no US company will ever invest in Nigeria. This particular law was passed if I recollect correctly sometime in the 1970's

the long story can easily be summarised as follows:

GSK's exit from Nigeria was primarily driven by a profit-focused strategy that had been in motion for over a decade. Despite citing forex scarcity and local competition, insiders reveal the decision was rooted in a long-term plan to reduce direct involvement in African markets, moving to a distributor model for higher profit margins. Efforts to sell shares and receive forex aid were rebuffed, indicating a premeditated and methodical exit strategy. The decision left Nigerian patients with limited access to essential drugs, demonstrating a prioritization of corporate profits over public health needs.

The kontry no good!

Hmmmmm! Read somewhere too that NIGERIA was the last African market they left but never knew it was all down to a long time plan. This is a very insightful piece.

All foreign companies are here to make huge profits (more than they can get anywhere in the world). They crave for cheap labour, they inflate the original cost of raw materials from sources and also ask for tax waiver. Yet after getting all these, it doesn't reflect on prices of their goods.
Once their atrocities are detected, they find excuses to exit the business.
There is no true manufacturing companies in Nigeria. What most of them do is assembling and packaging.
Nigerians are to blame!!!. Whenever they get their I'll gotten wealth. They carry the whole money outside the shores of Nigeria rather than invest such into the country
So also the stupid Nigerian AUDITORS, whenever they do yearly financial audits of these companies. They never presented the true financial findings in their report for the shareholders. They hid so many financial deals from the shareholders just because Brown envelopes had exchanged hands

What did you understand from it pls?
I tried to get the point, read it all over again, but still cant figure it out.

allen113:
I read from start to finish and it was an eye opener

Are you saying the nigeria economy and devalue of naira did not affect gsk?

casualobserver:
I said it at the time but haters of Nigeria and lovers of any bad news came for me

Post from August 2023

dpete1:

😁😁😁 thanks boss

my pleasure

The company has already gave reasons for the exit. So all these long Epistles in my opinion does not add up
Thanks all the same.

Nobody on Nairaland read everything. A few bingos will troll by saying they did. God no dey strike person down for lying anymore.

Stupid company, so they are done fighting local manufacturers. The competition they are afraid of has caught up with them.