The Labour Party presidential candidate in the 2023 elections, Peter Obi, has once again decried the exit of multinational companies from Nigeria as Procter & Gamble, popularly known as P&G, has announced that it is winding down its on-ground presence in the country.
This is coming a few months after a British pharmaceutical company, GlaxoSmithKline, popularly known as GSK, exited the country.
Reacting to the development, the former Anambra State governor in a series of tweet on his X handle on Thursday evening wrote, “A few months ago, I lamented the exit of one of the top global Pharmaceutical giants, GlaxoSmithKline from Nigeria.
“GSK remains a top global pharmaceutical manufacturer and has had 51 years of operations in Nigeria. The reason for their exit was that there was no longer a perceived growth in Nigeria anchored on productivity.
“Today, Procter & Gamble, the world’s largest personnel care and household products company, makers of iconic…