Why Are Multinationals Like P&G, GSK and Sanofi Leaving Nigeria?
Why Are Multinationals Like P&G, GSK and Sanofi Leaving Nigeria?
Nigeria’s currency crisis has triggered an exodus of businesses from the country. At least four multinationals, including GSK, Bayer and Sanofi, have announced they’re ending production, as a scarcity of dollars, a naira in freefall and rampant inflation slashes profits. Bloomberg’s Jennifer Zabasajja reports.
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Can't get your Dollars out. Haha.
They should have chosen Ghana — far more stable.
Only reason is Islamic terrorism
"complex buerocracy" – what a nice way to avoid saying "fraud", "corruption" and "nepotism" 😅
In Africa people only cry about past.. History… And colonialism…. Which is past.. No country was immune from colonial era… Everyone had faced their share of problems and overcome them… We have many examples of such Great countries…. But Africa is getting exploited more than it was in past… By its own people and they don't except the fact ..
No one can work with Nigerians no skills,,, no Education degrees,, haha working conditions ,, eww government policies and mentality of people….. Who will stay there for long….
Kidnapping, bad infrastructure and roads, unreliable electricity, corruption, etcetera
and these people abuse india online 😂😂 ..people who are abusing Indians. your bad timing has started.
Corruption, islamic terrorism and gross incompetence of govt are the reason.
I am just shocked they went there in the first place 😅😅😅
Too many Blacks
They are still holding binance execs hostage. It's an extortion shithole
Because it’s Nigeria
because nigeria refuse to support west lgbtq revolution
I guess the whole continent got the same issues… We just have very bad leaders in most of our countries, serving their families and some western countries
1:18 How can you deal with people who act like this? Where is the dignity?
I hope multinationals will move from Nigeria to our Central Africa Republic.
Maybe instead of oppressing gays, the government should focus on the economy…
believe it, oil producing country without power!
First of all, why would you even go to Nigeria?
It's the people.
Thanks to usa puppy
a little more years, with the current political leaders in the Philippines, our country will be heading that way too
Majority of Tyrant leaders of Africa are wearing large Agbada with matching walking stick. 🫸🏻😆🫷🏽
Don't worry, Emperor Xi Jinping will save his subject Nigeria and other poor Ah-freak-can nations particularly in West, Central and Eastern Africa.
Oh by the way, Nigeria will be the next Pakistan, PERIOD! 😁
Bitcoin fixes this
Just full of criminals ..
Africa is just full of them.
Mainly government.. worse than criminals themselves..
Too much Ns
The title makes it sound like the multinationals are leaving the market. They are just ceasing manufacturing in Nigeria.
I think indian brands should enter Nigeria. Indians have much better understanding with Nigeria compared western nations.
When the national sport is corruption, it’s impossible for outsiders to play.
The apc agents of propaganda are all over social media telling nigerians these are lies from Labour party…😂
Nigerians when una eye go clear, i hope it wont be too late then
Qatar, other muslim country who spread their religion in Nigerians should build the nation
This is the problem of islamisim, if west don't stop this Islamist to takeover their country, they will same fate
One of the most corrupt country.
They're leaving the country cause your government is corrupt.
Corruption is such a tragedy. Nigeria has the potential to be a very well developed country 😢
People seem to leave the country too.
Nigerians are everywhere. Pleasant people to work with bar their time keeping.
Omo wa ni e je o seh
Bala blu