Worried by the persistent exit of International Oil Companies from Nigeria, which has cost the nation a staggering N95 trillion in the past five years, the 2023 presidential candidate of Labour Party (LP), Peter Obi, has called for the elimination of harsh business climate.
Mr. Obi, in a series of tweets on his X handle on Monday, pointed out that tackling these issues requires creating a business-friendly environment that fosters investment, innovation and growth.
The former Anambra Governor, therefore, solicited the prioritizing of security, stabilizing our policies, and reducing energy costs as well as cultivating a culture of transparency, accountability, and good governance.
According to him, the reasons behind the exodus of these Companies after many years of operations in the country, were largely governance-related problems.
The former Anambra Governor therefore solicited the prioritizing of security, stabilizing our policies, and reducing energy costs as well as cultivating a culture of transparency, accountability, and good governance.
“Why are we not facing and solving these problems head-on? The responsibility lies with our leadership, those we put in charge to urgently address these challenges.
“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,” the LP Presidential Candidate noted.
According to a report by The New Telegraph, in the last year alone, over ten multinational giants such as GlaxoSmithKline, Equinor, Sanofi-Aventis, Bolt Food, Procter & Gamble, Jumia Food, PZ Cussons, Kimberly-Clark, Diageo and others, have exited Nigeria, citing eerily consistent reasons.
