The Presidential Candidate of the Labour Party, Peter Obi, has addressed the recent exit of multinational companies from Nigeria, highlighting that the departure of these companies is a clear indication of underlying governance issues.
In a series of tweets through his X handle, Obi noted that multinational companies leaving Nigeria reflects a lack of confidence in the country’s economic policies and regulatory environment.
Obi stressed that all the companies leaving the nation have highlighted similar problems including and not limited to – a harsh business climate, high energy cost, and insecurity.
Obi also called for urgent reforms to stabilize the economy and restore investor confidence, and create a business-friendly environment that fosters investment, innovation and growth.
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