P&G exit Archives - JKCYNO BLOG

There’s Fire on the mountain – Peter Obi

A few months ago, I lamented the exit of one of the top global Pharmaceutical giants, GlaxoSmithKline (GSK) from Nigeria. GSK remains a top global pharmaceutical manufacturer and has had 51 years of operations in Nigeria. The reason for their exit was that there was no longer a perceived growth in Nigeria anchored on productivity.

Consumer goods giant Procter & Gamble has stated it plans to dissolve on-ground operations in Nigeria and carry out imports only. The Chief Financial Officer of the group Andre Schulten stated this during his presentation at the Morgan Stanley Global Consumer & Retail Conference. The company explained that it is difficult to do business in