Nigeria: How to Halt Exodus of Multinationals - Peter Obi

24 June 2024
Daily Trust (Abuja)

Mr Peter Obi, Labour Party's Presidential Candidates in the 2023 General Elections, on Monday, suggested ways Nigeria could tackle the exodus of multinational companies.

The former governor of Anambra State made the suggestions on his X handle.

According to Obi, the exodus of multinational companies from Nigeria has cost the nation N95 trillion in the past five years.

Obi said that tackling the issue would require creating a business-friendly environment that would boost investment, innovation and growth.

"This includes prioritising security, stabilising our policies and reducing energy costs.

"We must also cultivate a culture of transparency, accountability and good governance.

"We can build an economy that benefits all Nigerians. Let us unite to transform Nigeria into a nation conducive for business and attractive to investment.

"Together, we can make Nigeria a beacon of hope and progress in Africa and the entire world," he said. (NAN)

Read the original article on Daily Trust.

Tagged:
Copyright © 2024 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.