Why Multinationals Are Leaving Nigeria: Africa Amplified
Why Multinationals Are Leaving Nigeria: Africa Amplified
A monthly deep dive into Africa’s biggest stories through a Bloomberg lens. Global investors see the continent as one of the top areas for opportunity and growth, and some African nations are well-positioned to be global hubs for development. This show will discuss key steps taken to help deliver on Africa’s quest of bridging the gap with…
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Nigerians aren’t stupid milking cow. You can only bring money in but you can’t take money out 😂😂😂😂
In other words, CORRUPTION IS RAMPANT, Safety concerns are at an all time high.
Nigeria is a fuckin waste 😂 they are in a position of greatness yet they are fucking up🤦🏾♂️
Bola Tinubu and APC’s illegitimate government has collapsed Nigeria🇳🇬 and its economy.
It’s up to the suffering Nigerian masses to rise up and say ENOUGH IS ENOUGH.
Well when the going gets tough the uncommitted will exit.
Lot of bad wigs here. It would be funny if it were not so sad.
cost of doing business in Nigeria is high, insecurity, exchange rate , inflation, etc.
They are leaving both Ghana and Nigeria simply because both countries are run by idiots who believe becoming president is their birth right .
Ntando is hard to listen to
When they keep saying, 'the market', are they using code for muzungus…?
Are this multinationals not part of the problems
They don't mean well for any African country.
Let them all leave, how can you be paid in dollars in a naira denominated economy. They should leave while indigenuous company are taking charge now. The PTInubu govt socioeconomic systems reforms are on forward fast drive, the Naira is fast gaining strength now against USD, now at N1340/USD and our foreign reserve is up in green. All the shenaniganS of past misrules before this current govt are being swept away. The country is getting better and stronger GOD WILLING IFSHA,GOD BLESS OUR NIGERIA IFSHA.
We keep devaluing when we are not exporting. We wanted to impress the foreign cooperatives until we start building our own factories develop and incentivize our local businesses we are going no where
It is an opportunity to fill up the vacuum. Nigerians have be touted as brilliant and innovative. Help the locals and I believe they would seamlessly fill the gap. God bless Africa, Nigeria and Ghana. We can and must do it for us.
If they're leaving thats a very welcome idea cause they were part and parcel of our problems in Africa from the beginning, these are not investors but invaders.
How can my brothers be so stupid as to award contracts to Chinese. The truth is that such contracts do not benefit the indigenous population in terms of technical know-how and employment. Most of the labour are Chinese and the management is purely Chinese. The chinese are very brilliant in such projects from sri Lanka to Montenegro
Nigeria got too many scammers corrupt individuals are a majority not forget their leadership
Nigeria is a weird place. So many bright, inventive and entrepreneurial minds yet so corrupt. No stable instituations. No real industries established. No wonder even nigerians themselves are leaving
Why? Because, number 1, it's a hell hole and 2, all that cheap money generated by the baby boomers sloshing around with low interest rates for years looking for any investment regardless of risk has dried up as they retire, pulling out and throwing it into cash and TBills…
Simply put! Amplified corruption, insecurity and energy bottlenecks the shackles of the Nigerian economy.
Ladies, Nigeria Diaspora remittances for 2013 is estimated to be about $35bn. Any foreign company that can just pack and leave should not be allowed to return to Nigeria. Only investors that are there to stay, both in good and bad times should be welcomed.
This South African lady needs media training. It’s tough hearing her talk.
As an investor, I would never go to Nigeria. The corruption is multi-layered and it is hard to carry out private projects without unnecessary commission or forced kickbacks.