Latest News
Reason Why Investors Are Leaving Nigeria – Atedo Peterside
Reason Why Investors Are Leaving Nigeria – Atedo Peterside
Atedo Peterside, the founder of Stanbic IBTC Bank, has outlined significant reasons why investors are increasingly avoiding Nigeria, despite efforts by the administration led by President Bola Tinubu to attract them to collaborate with the country.
This follows the recent announcement of Procter & Gamble’s (P&G) decision to exit Nigeria, making it the third multinational, after GlaxoSmithKline Consumer Nigeria Plc (GSK) and Sanofi-Aventis Nigeria Limited, to make such a move.
Read Also Tinubu’s Minister Dumps Party
Peterside emphasized that businesses prioritizing the rule of law, policy consistency, macroeconomic stability, and a level playing field would continue to withdraw from Nigeria.
“Another way to look at this @ProcterGamble exit story is that multiple investors who cherish the rule of law, policy consistency, macroeconomic stability, a level playing field, etc. are running away from Nigeria.
“They are being ‘replaced’ only partially by investors who know how to ‘partner’ with politicians and/or game the system through waivers, exemptions, etc.,” he wrote on his verified X handle on Thursday.
See his post below;
Stay Updated With More News By Joining Our WhatsApp Group With The Link Below
Another way to look at this @ProcterGamble exit story from @thecableng
is that multiple investors who cherish the rule of law, policy consistency, macroeconomic stability, a level playing field etc are running away from Nigeria. They are being "replaced" only partially by…— Atedo Peterside (@AtedoPeterside) December 7, 2023
-
Latest News2 weeks agoFull List: Tinubu Gives Approval For New Appointments
-
Latest News2 weeks agoKaduna APC House Of Reps Aspirant Pulls Out Of The Race
-
Latest News2 weeks agoFull List: NJC Recommends 12 Justices For Court Of Appeal, Suspends Two Judges Over Misconduct
-
Latest News2 weeks agoAPC Primaries: Full List Of Reps Members Who Secured Return Tickets, State-By-State Breakdown
-
Latest News1 week agoAPC Announces Winners Of Senate And House Of Reps Primaries In Plateau State
-
Latest News7 days ago2027: Updated List Of APC Senatorial Candidates So Far
-
Latest News21 hours agoPresidency Moves Against VDM Over Fake Tinubu Audio Allegation
-
Latest News2 weeks agoFull List: APC Publishes Names Of Disqualified House Of Representatives Aspirants
-
Latest News1 week agoBREAKING: Fubara Pulls Out Of APC Governorship Primary Election
-
Latest News1 week agoTinubu Speaks Out, Says “They Want Me Dead” Over Alleged Cabal Behind Nigeria’s Insecurity
-
Latest News6 days agoList Of APC Governorship Candidates Who Have Emerged For The 2027 Elections
-
Latest News2 weeks agoFull List: Amaewhule, Other Wike Loyalists Clinch APC Reps Primary Tickets