Exit of multinationals has cost Nigeria N95 trillion in five years

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.