Peter Obi: Nigeria Suffers N95 Trillion Economic Hit From Multinationals Exiting Over Past Five Years

Peter Obi: Nigeria Suffers N95 Trillion Economic Hit From Multinationals Exiting Over Past Five Years

Peter Obi, the 2023 Labour Party presidential candidate, has raised concerns over the departure of multinational corporations from Nigeria, estimating a staggering loss of N95 trillion over the past five years due to this exodus……….. CONTINUE READING

Highlighting the exit of over ten major companies including GlaxoSmithKline, Equinor, Sanofi-Aventis, and others in the last year alone, Obi emphasized systemic governance issues as underlying causes.

He urged Nigerian leaders to take immediate action, stressing the need to create a business-friendly environment, enhance security measures, ensure policy stability, and reduce energy costs. Obi also underscored the importance of fostering transparency, accountability, and good governance to unify efforts towards transforming Nigeria into a secure, prosperous, and attractive investment destination.

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