The presidential candidate of Labour Party (LP) Peter Obi said Nigeria has lost N95 trillion in the past five years since the exit of multinational companies from Nigeria.
Obi made this known on his X handle on Monday. He blamed the exit of these multinational companies on governance and leadership.
He wrote, “I am compelled to address the alarming exodus of multinational companies from Nigeria, which has cost our nation a staggering N95 trillion in the past five years.
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“According to 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, and Kimberly-Clark, Diageo and others, have exited Nigeria, citing eerily consistent reasons.”
He further urged the government to create a business friendly environment for multinational companies to grow pointing out that Nigeria can become a beacon of hope and progress in Africa and the world.
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