Following the mass exodus of some multinational companies from Nigeria, with the nation losing a staggering N95 trillion in the past five years, the Presidential Candidate of the Labour Party (LP) in the 2023 general election, Mr. Peter Obi has tasked the Federal Government on creating a business-friendly environment.
Mr. Obi who posted this on his X handle on Monday said, all the companies highlighted harsh economic environment as reason for their exit, so why is government not solving the problem head on? Obi questioned.
He said, “the responsibility lies with our leadership, those we put in charge to urgently address these challenges.
“Tackling these issues requires creating a business-friendly environment that fosters investment, innovation, and growth.
“This includes prioritizing security, stabilizing our policies, and reducing energy costs. We must also cultivate a culture of transparency, accountability, and good governance. We can build an economy that benefits all Nigerians, not just a privileged few.
“Let us unite to transform Nigeria into a nation conducive to business, attractive to investment, safe and prosperous for all citizens.
“Together, we can make Nigeria a beacon of hope and progress in Africa and the world. A new business friendly Nigeria is possible”, he said.
Meanwhile, report has it that over ten multinational giants such as GlaxoSmithKline, Equinor, Sanofi-Aventis, Bolt Food, Procter & Gamble, Jumia Food, PZ Cussons, and Kimberly-Clark, Diageo and others, have exited Nigeria.
