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Peter Obi laments exit of multinational companies from Nigeria

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Last Updated on June 24, 2024 by Fellow Press

Mr Peter Obi, the Labour Party presidential flagbearer of 2023 election is berated the alarming rate of massive exodus of multinational companies from Nigeria.

According to Mr Obi, a staggering N95 trillion in the past five years has been lost.

He added, “According to The New Telegraph, in the last year alone, over ten multinational giants such as GlaxoSmithKline, Equinor, Sanofi-Aventis, Bolt Food, Procter & Gamble, Jumia Food, PZ Cussons, and Kimberly-Clark, Diageo and others, have exited Nigeria, citing eerily consistent reasons.

“According to The Punch, “Multinational firms exit Nigeria over harsh business climate.” The Guardian reports, “Insecurity, high energy costs force companies to leave Nigeria.” The Nation states, “Poor business environment, inconsistent policies drive companies out of Nigeria.”

“These companies have highlighted the same problems across the board. It is clear these issues are not coincidental but symptomatic of a larger governance problem. Why are we not facing and solving these problems head-on?

“The responsibility lies with our leadership, those we put in charge to urgently address these challenges. Tackling these issues requires creating a business-friendly environment that fosters investment, innovation, and growth.

“This includes prioritizing security, stabilizing 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, not just a privileged few.

“Let us unite to transform Nigeria into a nation conducive to business, attractive to investment, safe and prosperous for all citizens. Together, we can make Nigeria a beacon of hope and progress in Africa and the world.

“A new business friendly Nigeria is possible.”

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ASUU to embark on strike in two weeks if FG fails to honour agreements

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Last Updated on June 29, 2024 by Fellow Press

The Academic Staff Union of Universities, ASUU, has declared that it would embark on strike in the next two weeks if agreements with the Federal Government are not met.

The Zonal Coordinator of ASUU, Calabar Zone, Comrade Happiness Uduk, said this while addressing a press conference and protest organized by Calabar Zone of ASUU, at Abia state University, Uturu Main Campus.

She said that various agreements between the union and the Federal government were yet to be honoured, leaving the academic staff and educational sector at large in deplorable condition.

She listed the issues to include no salary increment, salary arrears, poor funding of universities and non-payment of Earned Academic Allowances, among others.

The union rejected the Integrated Personal and Payroll Information System (IPPIS) and the introduction of Treasury Single Account (TSA) in Abia State University, Uturu, and also condemned the victimisation of members of ASUU in Ebonyi State University (EBSU).

It expressed regrets that monthly wages of lecturers have been rubbished by the high cost of living in the country.

ASUU also rejected the Federal Government’s loan package for Nigerian students, warning that it would enslave the students.

“Universities would be shut down for academic activities in the next two weeks. Please take the message to them,” Uduk said.

Also speaking, the Chairman of ASUU in Abia State University, Dr Chidi Mba rejected the Treasury Single Account.

Mba, who said the lecturers are owed between 11 and 14 months salaries, also complained that salaries of some workers were slashed.

The ASUU Chairman called on the Abia State government to increase the funding for the school.

Calabar Zone of ASUU comprises of seven Universities namely University of Calabar, University of Uyo, Alex Ekwueme University, Abia State University, Ebonyi State University and Akwa Ibom State University.

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I don’t want to return to Aso Villa, its stress is too much – Patience Jonathan

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Last Updated on June 29, 2024 by Fellow Press

Former First lady, Dame Patience Jonathan. has stated that she wouldn’t want to return to the presidential villa she and her husband, Goodluck Jonathan, occupied for eight years because “the stress of Nigeria is too much.”

 

While at a public function on Friday, June 28, Mrs Jonathan said;

“If you call me now for villa, I wouldn’t go there. I won’t. Don’t you see how young I am? The stress is so much. The stress of Nigeria is so much. If God manages to bring you out of it, you should glorify God and thank for the lord’s doing because it is marvellous in his eyes. He has taken you there once, why do you want to go there again? Me I won’t go oo!!!” she said

The Jonathans exited the presidential villa in 2015 after Buhari won the elections and was sworn into office.

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