The Federal Government has made known its unhappiness over plans by American multinational consumer goods corporation, Procter & Gamble (P&G), to exit the country following similar paths to GSK.
The company announced on Wednesday its decision to stop manufacturing activities here in Nigeria and would commence importation.
The company blamed this decision on the Dollar Naira exchange values and issues with the macroeconomic environment.
Reacting in a post via his X handle on Thursday, the Senior Special Assistant on Media and Publicity to the President, Temitope Ajayi, said the news of the American firm leaving Nigeria is sad.
He wrote: “Just like that of GSK, the news of Procter & Gamble leaving Nigeria is dominating the airwaves. As sad as such news may appear it is important to also note that hundreds of high impact local and multinational businesses are opening in Nigeria, in the same economy.
“The stories of major blue chips and other big businesses that are expanding their production lines to increase output hardly make headlines.
“One foreign business decides to leave Nigeria, for whatever reasons, it will dominate mainstream media and social media as if the country is going into extinction.
“Businesses – both small and big file for bankruptcy and close shop, every other day, in America, Europe and other countries. That a business decides to leave a jurisdiction or wind down operations does not necessarily mean an inclement environment. A business can fail as a result of bad management and wrong investment decisions.”
