Exodus Of Multinational Companies Clearly Symptomatic Of Governance Problem

The Presidential Candidate of the Labour Party Mr Peter Obi, has addressed the recent exodus of multinational companies from Nigeria, highlighting that the departure of these companies is a clear indication of underlying governance issues.

In a series of tweets posted today, Mr Obi noted that multinational companies leaving Nigeria reflects a lack of confidence in the country’s economic policies and regulatory environment. Mr Obi stressed that all the companies leaving the nation have highlighted similar problems including and not limited to – a harsh business climate, high energy cost, and insecurity.

The LP flagbearer while questioning why these issues have not been properly addressed, noted that it is the responsibility of leadership and those in charge to urgently tackle the challenges.Obi who was former governor of Anambra State, also called for urgent reforms to stabilize the economy and restore investor confidence. In his opinion, tackling the issue at hand requires creating a business-friendly environment that fosters investment, innovation and growth.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Stop exit of multinational companies from Nigeria, Tinubu toldMr Olatunbosun Oyintiloye, a chieftain of the All Progressives Congress (APC) has appealed to President Bola Tinubu to stop the continued exit of multinational companies from Nigeria.
منبع: vanguardngrnews - 🏆 5. / 75 ادامه مطلب »

Improve Nigeria’s economy, stop exit of multinational companies — Oyintiloye begs TinubuAn appeal has gone to President Bola Tinubu to continue to do everything possible to improve on the economy and attract more investment to the country, rather than for the ones operating within her territory to exit.
منبع: DailyPostNGR - 🏆 11. / 59 ادامه مطلب »

APC chieftain to Tinubu: Address challenges causing exit of multinational companiesOlatunbosun Oyintiloye, APC chieftain, has urged President Bola Tinubu to address the challenges causing the exit of multinational companies.
منبع: thecableng - 🏆 2. / 80 ادامه مطلب »

Nigeria lost N95trn after exit of multinational companiesFormer Labour Party, LP, presidential candidate, Peter Obi, on Monday said Nigeria has lost N95 trillion in the past five years to the exodus of multinational companies from the country.
منبع: DailyPostNGR - 🏆 11. / 59 ادامه مطلب »