GSK’s departure from Nigeria will worsen poverty index – Peter Obi

The presidential candidate of the Labour Party in the 2023 election, Peter Obi, has regretted the impending exit of British pharmaceutical giant GlaxoSmithKline from Nigeria after 51 years.

This follows the company’s announcement of plans to end its prescription medicines and vaccine production in the country.

The PUNCH reports that the multinational pharmaceutical company said it would transition to a third-party direct distribution model for its pharmaceutical products.

Reacting to the development in a tweet on Friday night, Obi said that the company’s reason for leaving Nigeria is even more disheartening as they no longer perceive a prospect for the country as a business environment that would be anchored on productivity.

According to him, these are some of the consequences of the cumulative poor management of our economy.

“As a result, millions are losing their jobs and our poverty index is worsening, even though we’re already being perceived as…