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Why Investors Are Running Away From Nigeria — Peter Obi - Politics (2) - Nairaland 6t21w

Why Investors Are Running Away From Nigeria — Peter Obi (24969 Views)

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Kossyso: 10:15am On Dec 08, 2023
opamoses1:

Do we refine crude to fuel in Nigeria?
So why should I be ashamed of PO for importing products that are not produced in the country? Is there any country that doesn't have importers?

8 Likes 1 Share

femisplash: 10:17am On Dec 08, 2023
Kossyso:

Ashamed of him being into importation business or what? Has the country stopped importing fuel? I really don't get you.
Stop the silly attitude, he's a criminal, he benefits from the system with his inside connection. He's one of those who brought the country to her kneels by his excessive thirsts for consumer goods imports. He has channels for cheap dollars and waivers benefits while ordinary nigerian groans of high rate. He makes a kill from the arbitrage system and that's why he'd never set up a factory. The same reason importers prefer fuel subsidy than fix the refineries.

2 Likes 1 Share

Kossyso: 10:25am On Dec 08, 2023
femisplash:

Stop the silly attitude, he's a criminal, he benefits from the system with his inside connection. He's one of those who brought the country to her kneels by his excessive thirsts for consumer goods imports. He has channels for cheap dollars and waivers benefits while ordinary nigerian groans of high rate. He makes a kill from the arbitrage system and that's why he'd never set up a factory.
How do other prominent business men in Nigeria source their own Dollars? I don't necessarily like replying to you because of your warped understanding of facts. If you are not ashamed of a drug lord being your president, why should I be ashamed of an importer who doesn't bring contraband products into the nation? So his crime now is looking for a way to get dollar at a cheaper rate? Guy as usual you no get talk abeg. My last reply to you anyways!

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opamoses1: 10:33am On Dec 08, 2023
Kossyso:

So why should I be ashamed of PO for importing products that are not produced in the country? Is there any country that doesn't have importers?
One of the goods he imports and sells at his next supermarket is tinned tomatoes. We produce canned tomatoes in Nigeria.

The one in the picture below was made in Asia.

6 Likes 2 Shares

Kossyso: 10:40am On Dec 08, 2023
opamoses1:

One of the goods he imports and sells at his next supermarket is tinned tomatoes. We produce canned tomatoes in Nigeria.
Na person still dey bring Ofada rice into USA and UK🤷‍♀️. Dem no get rice over there?
Na person dey bring Ketchup into this country. We no get tomatoes for here? Bacon abi we no get pig for here? Corned beef abi cattle no dey here? E.t.c.

8 Likes 1 Share

opamoses1: 10:42am On Dec 08, 2023
Kossyso:

Na person still dey bring Ofada rice into USA and UK🤷‍♀️
Ofada rice is not grown in the USA nah. Abeg use better example grin

1 Like

Kossyso: 10:45am On Dec 08, 2023
opamoses1:

Ofada rice is not grown in the USA nah. Abeg use better example grin
How did you know that his own species of tomatoes is being grown in the country?🤷‍♀️

6 Likes 2 Shares

ExudeLoveToAll: 10:56am On Dec 08, 2023
TimeMachine2:
Coming from the most useless politician in Nigeria of all time. Peter Gringory Obi aka the Pandora thief should be quiet.

Get well soon brother, follow the doctor's prescription deligently. Our prayers are with you

7 Likes

AskProf: 11:01am On Dec 08, 2023
Racoon:
No sane investor will put his hard earned money into prospects under a government filled with the manner of despicable greedy super looters criminals as obtainable today in this nation.


Gbagam!
tsdarkside(m): 11:04am On Dec 08, 2023
he can go tell this fairy tales to his igbo people....

we should be payin them in dollars in nigeria abi....

nonesense....

3 Likes 1 Share

tsdarkside(m): 11:08am On Dec 08, 2023
Never4getU:


Ur linage almost sold it off during Jonathan regime have you forgotten? Your igbo brothers flooded Nigeria with fake products as they were been given waivers to import all importable including taking jobs meant for Nigerians to china for mass production at a cheaper price while the rest of Nigerians go hungry.

Ur wailing is just beginning

let them wail....we dont care no more....

1 Like

Ondoterrorist: 11:11am On Dec 08, 2023
tsdarkside:


let them wail....we dont care no more....


We know you
tsdarkside(m): 11:12am On Dec 08, 2023
Candid:
Can you all please attack the message and not the messenger?

do you think you are here on radio biafra or what....??

2 Likes

tsdarkside(m): 11:14am On Dec 08, 2023
obi should keep shvt and go away....

we dont want to hear anything he has to say....

3 Likes 1 Share

Ondoterrorist: 11:15am On Dec 08, 2023
tsdarkside:


do you think you are here on radio biafra or what....??

We know you afonjaaa

4 Likes

tsdarkside(m): 11:17am On Dec 08, 2023
their is no way this guy will become president of nigeria....

let him rant till next elections,it will still not change our minds....

3 Likes 1 Share

jude79(m): 11:22am On Dec 08, 2023
TimeMachine2:
Coming from the most useless politician in Nigeria of all time. Peter Gringory Obi aka the Pandora thief should be quiet.


What exactly do you mean by Pandora thief, you graduated from a university in Nigeria, then left for England, there you became successful in business and had a lot of investment, later you ed politics in Nigeria and won an election as governor, so you decided to close down your taxable investment and transfer your funds to a more tax friendly country, since British tax is 45%, which means that all your money will vanish by the time you finish your governorship term, you transferred your assets to Pandora in Panama, because of their friendly tax system, to then stated it as one of your asset in your asset declaration, before relocating to Nigeria to serve your term as an elected governor, throughout your term, no transfer was made into this , then some brown envelope journalist cooked it up for your political enemies to use as tool to deceive gullible electorates, it was investigated to track any if criminal transactions existed but none was found, humans roasted this criminal journalist and asked for their head, to which they, the journalist recanted their earlier position and backtracked to avoid litigation, till today after countless investigation by opposition political elements, no criminal activities was seen, so they withrew into their shells, but continue to use animals that are under tribal and religious chains to shout Pandora thief up and down, as if their lives depends on it.

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basseeafricana: 11:29am On Dec 08, 2023
Bobloco:

The Labour Party presidential candidate in the 2023 elections, Peter Obi, has advanced reasons why foreign businesses were shutting down operations in Nigeria, linking the development to what he called a negative medium to long-term prospects strategy, unattractive investment profile and a continuous deteriorating business environment, among other indices.

This is as he urged government at all levels in Nigeria to take immediate steps towards reversing the trend and keeping strategic international investors.


He stated this while reacting to the reported exit of Procter & Gamble (P&G), a multinational consumer goods company in Nigeria.

P&G Pulls Back From Nigeria, Argentina’s Markets In Restructuring Move


LEADERSHIP reports that P&G had announced a limited market portfolio restructuring that includes pulling out of Nigerian and Argentinian markets.

Reacting to the report in a series of posts on X (formerly Twitter) on Thursday, the former Anambra State governor highlighted reasons why Nigeria scares away multinational companies, explaining that with the purchasing power of most Nigerians nose-diving everyday, absence of the rule of law and lack of a conducive business environment, it will be difficult to retain such “iconic companies” and talk more of attracting new ones.





Obi wrote: “A few months ago, I lamented the exit of one of the top global Pharmaceutical giants, GlaxoSmithKline (GSK) from Nigeria. GSK remains a top global pharmaceutical manufacturer and has had 51 years of operations in Nigeria.

“The reason for their exit was that there was no longer a perceived growth in Nigeria anchored on productivity. Today, Procter & Gamble (P&G), the world’s largest personnel care and household products company, makers of iconic brands like Pampers, Gillette, etc, is again leaving Nigeria, for the same reason GSK left.



“Following this also are French pharmaceutical company Sanofi-Aventis, and top Energy firm, Norwegian behemoth Equinor which has sold off its Nigerian business development associates Fifteen years ago, P&G, as they are commonly called, viewed Nigeria as a strategic country of importance and invested millions of dollars in an ultra-modern chain supply structure in Agbara which, sadly, is now up for sale. The presence of these iconic companies in any economy is not only that they signify trust and confidence, as well as belief in the medium to long-term socio-economic prospects of such countries, but they massively create jobs, invest in Research and Development, as well as pieces of training which smaller players in the industry learn from and adapt. They help, to a great extent to develop local talents for both local and global jobs. The exit of these top global companies shows that our medium to long-term prospects strategy is in the negative. Our investment profile is not attractive and our business environment is deteriorating continually.



“The purchasing power of most Nigerians is nose-diving every day. In the face of the absence of the rule of law, and a conducive business environment, it will be difficult to retain such iconic companies and talk more about attracting new ones.”


He, therefore, urged the government to take immediate steps to ensure that institutions of governance are put in place and actively engaging to show that the situation is reversed.

He added that, “National greatness and development cannot be pursued in an atmosphere that is scaring away strategic international investors.”

https://leadership.ng/why-investors-are-running-away-from-nigeria-peter-obi/
Obi, you have said it all. I didn't u but now I'm regretting. Since Tinubu gets to power, everything have turned sour. All the people I convinced to vote for Tinubu cannot even feed themselves again. May God spare our lives and give u a good health, I owe you a vote in 2027. We have bn deceived and messed with 2023's chance.

6 Likes

tsdarkside(m): 11:30am On Dec 08, 2023
jude79:



What exactly do you mean by Pandora thief, you graduated from a university in Nigeria, then left for England, there you became successful in business and had a lot of investment, later you ed politics in Nigeria and won an election as governor, so you decided to close down your taxable investment and transfer your funds to a more tax friendly country, since British tax is 45%, which means that all your money will vanish by the time you finish your governorship term, you transferred your assets to Pandora in Panama, because of their friendly tax system, to then stated it as one of your asset in your asset declaration, before relocating to Nigeria to serve your term as an elected governor, throughout your term, no transfer was made into this , then some brown envelope journalist cooked it up for your political enemies to use as tool to deceive gullible electorates, it was investigated to track any if criminal transactions existed but none was found, humans roasted this criminal journalist and asked for their head, to which they, the journalist recanted their earlier position and backtracked to avoid litigation, till today after countless investigation by opposition political elements, no criminal activities was seen, so they withrew into their shells, but continue to use animals that are under tribal and religious chains to shout Pandora thief up and down, as if their lives depends on it.

he is a stvpid liar....

petty noise maker....

1 Like

Candid(m): 11:31am On Dec 08, 2023
tsdarkside:

do you think you are here on radio biafra or what....??
I'm not Biafran... neither am I igbo.
tsdarkside(m): 11:35am On Dec 08, 2023
Candid:


I'm not Biafran... neither am I igbo.

then why would you side with such a looser....??

you think people that dont like him dont have their reasons....??

1 Like 1 Share

RepoMan007: 11:47am On Dec 08, 2023
The Igbo and Yoruba blocks on Nairaland are severely demented cliques. Both are quick to project growing industries in their regions but are also quick to accept the opposite if it affords them the chance to demonize the other side.

1 Like 1 Share

Abufo: 11:50am On Dec 08, 2023
TimeMachine2:
Imagine this foolish bigot that will never see anything wrong with the carnage going on in his home state, talking nonsense.

While you are at it, why don't you tell us why you are living in lagos after developing anambra? The legendary 'Go and ' nematode has become a gossip blogger dishing outs fake aba made statistics on per second basis.



You mean the carnage happening in your mind and the bloody pages of nairaland...u no serious! The same Anambra that is launching industries left right and center! Na your mumu sef! The APC government just lacks focus and it is showing! Any Nigerian president that fails to understand that what Nigeria lacks in a deep and qualitative market...she makes up with quantity..............even the mass of impoverished humanity in Nigeria na market all the same............what Peter obi is saying is that Tinubu has failed to engender a feel good factor in Nigerians and the international investing market! The mumu in Aso rock should have started his presidency by visiting all 6 geo political zones assuring all and sundry that he got their backs! instead the vindictive orc allowed his mc oluomo urchins to start a vindictive demolition of property of percieved political opponents! That very act spellls TROUBLE COMING to investors.........................

3 Likes 1 Share

Candid(m): 1:05pm On Dec 08, 2023
tsdarkside:


then why would you side with such a looser....??

you think people that dont like him dont have their reasons....??

1. Loser not looser
2. Atta2k the message not the messanger. You can create another thread to attack whoever is speaking.
3. We all our choices to make. I can decide to Obi or Atiku. I can also choose to no one.
4. Are you saying Biafrans and Igbos losers?

4 Likes

Justnation: 1:27pm On Dec 08, 2023
The people's PRESIDENT has spoken well.
I salute your strength, courage and commitment to get Nigeria going well again.

God will put you in the office to actualize your vision for a glorious Nigeria

4 Likes 1 Share

Nonny95: 1:55pm On Dec 08, 2023
opamoses1:

Do we refine crude to fuel in Nigeria?

Don't you see how stupid your question is?

2 Likes

opamoses1: 2:09pm On Dec 08, 2023
Nonny95:


Don't you see how stupid your question is?
My question was not meant for low IQ individuals.

2 Likes 1 Share

Higherthan: 3:09pm On Dec 08, 2023
Seefinish:
This is why I campaign vigorously for this man. He is man who knows what to do
And your campaign was in vain grin
eepeepook: 3:10pm On Dec 08, 2023
Garri cost.
visaclick: 3:10pm On Dec 08, 2023
TimeMachine2:
Coming from the most useless politician in Nigeria of all time. Peter Gringory Obi aka the Pandora thief should be quiet.
i hope you are being well paid for this sole job of defending your masters online but your children will be here to see the aftermath.

3 Likes

JagabanB: 3:11pm On Dec 08, 2023
KillahPriest:
Agbado lunatics will prefer we're perpetually gaslighted, they prefer we talk about Ojukwu's manhood than the fact that politics aside, Nigeria is in a fast downward spiral economically and it's affecting even their closest family if not they themselves. Agbado lunatics need divine help at this time if they can't say the truth to save their own lives. Imagine them celebrating the exit of P&G saying it will help local manufacturers
Imagine u crîtîcîziñg Tinubu for seeking foreign investors because it woñ't help local manufacturers.
Nigèria is fiIIed with hypócrites.

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