BEARS: Another Multinational Exits Nigeria

BEARS: Another Multinational Exits Nigeria

The Unilever Nigeria Plc has joined the list of conglomerates leaving Nigeria on account of environmental business unfriendly.

It is leaving but renting out its facility to a third party at an annual value payment. Don’t be surprised to see one of the mega churches in Lagos as the occupant. Which serious and incorruptible manufacturing concern can sustain purchase of raw material and other imports with an exchange rate of N1,400 to a dollar?  

The President and his team members spend so much to travel and seek foreign investors when they can’t work on the macroeconomic variables to retain the existing ones!

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