Obi noted that the reasons being adduced by these departing firms after many years of operations in the country are similar and largely governance problems that require urgent attention to stem the tide
Writing in his X handle, the former Anambra State Governor said he is compelled to address the alarming exodus of multinational companies from Nigeria, which has cost the nation a staggering N95 trillion in the past five years. 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, Kimberly-Clark, Diageo and others, have exited Nigeria, citing eerily consistent reasons.
He said these companies have highlighted the same problems across the board emphasising that these issues are not coincidental but symptomatic of a larger governance problem. Obi questioned why Nigerians are not facing and solving these problems head-on.
According to him, the responsibility lies with our leadership, those we put in charge to urgently address these challenges.
He noted that tackling these issues requires creating a business-friendly environment that fosters investment, innovation, and growth which includes prioritizing security, stabilizing our policies, and reducing energy costs.
He said Nigerians must also cultivate a culture of transparency, accountability, and good governance so we can build an economy that benefits all Nigerians, not just a privileged few.
Obi advised that people should unite to transform Nigeria into a nation conducive to business, attractive to investment, safe and prosperous for all citizens for together, we can make Nigeria a beacon of hope and progress in Africa and the world.