Loss Of Jobs Continue Under Buhari As Company Is Set To Shutdown $300m Plant

By Ikenga Chronicles July 4, 2018

It seems that there is no end in sight yet for the destruction of Nigeria’s economy by the President Muhammadu Buhari-led federal government.

The economy and employment issues in the country took another blow as heavyweights, Procter & Gamble announced plans to shutdown their $300million plant set up about a year ago.

The company, which is a huge employer of labour has announced that forthwith, its production plant in Nigeria will be shutdown.

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Reacting to this, one of Nigeria’s smartest entrepreneurial brains, Perez Tigidam said;

“I don’t understand this country really. We did not sign the continental free trade agreement because we want to protect our manufacturing industry. How are we protecting the industry if today P&G is shutting down a $300m plant they inaugurated just last year?

“Also to point out that this is the single biggest non-oil investment in Nigeria at the moment yet we say we are looking for ways to diversify?

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“Maybe we are protecting the ghost yards dotted across the country by manufacturing firms that have shut down since 2016 and now, over 200 of them. 200 of them, 200.”

The Nigerian economy has suffered massive hits since June 2015, when President Buhari was elected.

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