Atiku Abubakar, the presidential candidate of the Peoples Democratic Party, PDP, has expressed concern over the planned exit of GlaxoSmithKline from Nigeria.
Atiku spoke on Saturday in a post on his verified Twitter handle.
According to him, the company’s showed how horrific the country is becoming for businesses.
DAILY POST recalls that GlaxoSmithKline in a statement on Thursday issued to the Nigerian Stock Exchange by its Secretary, Frederick Ichekwai disclosed its plan to shut down operations in Nigeria.
In reaction, Atiku expressed sadness that many international firms are exiting Nigeria due to the harsh economic environment.
He lamented that the situation would further worsen the state of unemployment in Nigeria.
The former Vice President advised that the government needs to do more to encourage foreign investors.
He added that there is need to revamp the country’s infrastructure, improved fiscal, monetary measures
“The planned exit of GlaxoSmithKline (GSK) from Nigeria after more than five decades of doing business in Nigeria underscores how horrific the environment has become for both local and foreign businesses.
“Sadly, many international firms have, in recent times, sold their assets and bid farewell to Nigeria after several years of operating in our country.
“These exits have led to further loss of jobs in an environment that is already bleeding jobs. We need to do a lot more not only to encourage investors to make Nigeria their preferred destination but also to encourage companies already operating in our land not to ‘japa.’
“To this end, we must revamp our infrastructure, endeavour to enthrone a sustainable regime of energy security and retool our fiscal and monetary policy”, he wrote.
Nigeria experiencing horrific business environment – Atiku worried over GlaxoSmithKline’s exit
