GSK Company, Other Multinationals Are Sadly Leaving Nigeria Over Government’s Poor Economic Management – Peter ObiGSK Nigeria, which has faced increased competition from local companies and imports from India and China, said its half-year sales had dropped to N7.75 billion , from N14.8 billion in the same period a year ago.
GSK Nigeria, which has faced increased competition from local companies and imports from India and China, said its half-year sales had dropped to N7.75 billion , from N14.8 billion in the same period a year ago. Obi, who said this on his Twitter handle on Friday night said, “Today, I was saddened to hear that GlaxoSmithKline , is exiting Nigeria after 51 years of operation. Their reason for leaving Nigeria is even more disheartening; they no longer perceive a prospect for the country as a business environment that would be anchored on productivity.
“Now they are leaving our shores one after the other. GSK which has a manufacturing facility in Agbara, Ogun State on over 25 hectares of land had directly employed over 400 highly technical workers like pharmacists, microbiologists, biochemists, chemists, dentists, doctors etc, and also employed over 1000 other staff.