Tag: Multinational Companies
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Peter Obi decries exit of multinational companies from Nigeria
The presidential candidate of the Labour Party in the 2023 election, Peter Obi has said exit of top multinational companies from Nigeria has cost the country N95trn in the past five years. The former Anambra governor, in a statement via the microblogging platform, x.com on Monday expressed concern over the exit of over ten major…
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Local content: Senate to probe 100% foreign ownership of some multinational companies
The Committee on Local Content has concluded plans to investigate 100 per cent foreign ownership of some multinational companies registered in Nigeria. The Chairman of the committee, Sen. Solomon Adeola, made this known in Port Harcourt, while briefing newsmen at the end of a two day oversight visit to Rivers and Bayelsa states. He said…