I think the Nigerian economy is bad as a result of depending on the importation of certain good and service that can with time be produced and manufactured very well here in this country.
Knowing fully well the currency used for the payment of this imported goods is Dollar which is very high as of now, we exchange our Naira into Dollar whereelse they are taking more of our Naira, which at the very end consumer's tend to suffer the price increases of this commodities.
The government are doing extremely nothing for the well being of enhancing manufacturing companies that will help reduce the rate of importation of goods as to reduce the cost of living and unnecessary expenses. I wonder how long we should wait for them to help us do this, if they should continue keeping a deaf ear to all this then we start it ourselves doing it personally or as a firm
Topic: [ECONOMICS] Which Way Nigeria? - page 2. (Read 313 times)
Op what are these companies producing in the country?
Op you can make things easy for others to understand this thread.
Op you can make things easy for others to understand this thread.
First Watin I see for the thread just they very clear and if you pay just small attention to the 2nd paragraph you go notice Watin the op they try talk for there for the aspect way be the company way wan move out, the company Nia dy incharge of diz our regular used toothpaste way we dy call OraB and other plenty plenty things way both our ladies and new born babies they use.
The op still come they talk about the fact way our government they leave Watin them suppose invest money for carry money they do things way no go help the economy go any were instead them they spend money for people way don make am head instead of them to carry am set up Watin fit bring investors come diz our 9ja.
Another question way the Op comes also dy ask nah if we get companies way fit give us Watin we want in replacement for products way diz people way wan move been they produce, we get local made toothpaste but the question nah how effective dem they and which kind resource dem they use way go determine the quality way dem wan give us as our government no they support dem nah just private individuals they struggle to see how to do am there self.
You know, going through this your thread, It just hit me how worst things actually are. We actually aren’t attracting anymore investors but are actually, expelling them and this time, not by crisis related issues but, the crisis in our economy.
The itemized products happens to be an everyday need for a large population of Nigerians and the shift that would be experienced would be on a large scale as well with the price hike these changes would bring and like you said, are we going to have quality alternatives that would be locally made…
The itemized products happens to be an everyday need for a large population of Nigerians and the shift that would be experienced would be on a large scale as well with the price hike these changes would bring and like you said, are we going to have quality alternatives that would be locally made…
The primary concern is not merely the likelihood of price hikes but whether Nigerian companies exist that can step in with high-quality, locally manufactured alternatives once Procter & Gamble exits the market.
I’ll like to recount that, Nigerians are highly industrious people. Always on the look out for a means to survive the cruel governance we are constantly suffering. I wouldn’t be surprise to see new brands coming up to fill in the gaps but, I don’t think it’s going to come with lots of quality or would be hoping that our Nigerian brothers and sisters would be devoted to buying locally made goods for its question on quality. 
Op this your thread is very much complicated and I don't think people understand this thread ohh. Me sef I don read like four times to understand so I can say something but no way. And the only place I can understand small is the first paragraph which say that politicians are using the money from tax to do things for themselves and if Procter & Gamble stop their operations in the country I don't want will happen because I don't even know these two companies in Nigeria. Op what are these companies producing in the country?
Op you can make things easy for others to understand this thread.
Op you can make things easy for others to understand this thread.
This nation is all we have, and while politicians allocate billions of taxpayer funds to foreign trips and renovating the residences of the Vice President and the President's Chief of Staff straining the economy. Procter & Gamble, a major consumer goods company, is set to discontinue its ground operations in Nigeria, opting for an import-only business model.
Procter & Gamble, renowned for products such as Oral B toothpaste, Pampers, Always sanitary pads, Ariel detergent, and Gillette shaving sticks, cites the challenges of operating as a dollar-denominated entity and the prevailing macroeconomic conditions in Nigeria as reasons for its strategic shift.
It's noteworthy that this move follows GSK's departure from Nigeria earlier this year, leading to a surge in medicine prices. Similar repercussions are anticipated for Procter & Gamble's products—Oral B toothpaste, Pampers, Always sanitary pads, Ariel detergent, and Gillette shaving sticks.
The primary concern is not merely the likelihood of price hikes but whether Nigerian companies exist that can step in with high-quality, locally manufactured alternatives once Procter & Gamble exits the market.
https://nairametrics.com/2023/12/06/pg-to-dissolve-ground-operations-in-nigeria-revert-to-an-import-only-business-model/
https://africa.businessinsider.com/local/markets/pandg-to-end-manufacturing-operations-in-nigeria-reverts-to-an-import-only-business/55d8rp8#:~:text=P%26G%20produces%20a%20range%20of,toothpaste%2C%20and%20Gillette%20shaving%20stick.
Procter & Gamble, renowned for products such as Oral B toothpaste, Pampers, Always sanitary pads, Ariel detergent, and Gillette shaving sticks, cites the challenges of operating as a dollar-denominated entity and the prevailing macroeconomic conditions in Nigeria as reasons for its strategic shift.
It's noteworthy that this move follows GSK's departure from Nigeria earlier this year, leading to a surge in medicine prices. Similar repercussions are anticipated for Procter & Gamble's products—Oral B toothpaste, Pampers, Always sanitary pads, Ariel detergent, and Gillette shaving sticks.
The primary concern is not merely the likelihood of price hikes but whether Nigerian companies exist that can step in with high-quality, locally manufactured alternatives once Procter & Gamble exits the market.
https://nairametrics.com/2023/12/06/pg-to-dissolve-ground-operations-in-nigeria-revert-to-an-import-only-business-model/
https://africa.businessinsider.com/local/markets/pandg-to-end-manufacturing-operations-in-nigeria-reverts-to-an-import-only-business/55d8rp8#:~:text=P%26G%20produces%20a%20range%20of,toothpaste%2C%20and%20Gillette%20shaving%20stick.
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