Peter Obi, a former governor of Anambra State, expressed his worry on Twitter about Jubilee Syringe Manufacturing’s (JSM) alleged departure from Nigeria. Awa, Onna Local Government Area, Akwa Ibom State is home to JSM, which is regarded as Africa’s largest syringe maker. CONTINUE FULL READING>>>>>
Obi described this development as painful, highlighting the continuous departure of multinational companies from Nigeria and raising doubts about the government’s claims of attracting investors.
The exit of Jubilee Syringe Manufacturing (JSM) from Nigeria signifies a distressing setback on the country’s national journey, as expressed by Peter Obi. JSM, which had gained recognition as Africa’s largest syringe manufacturer, was a pivotal force in the Nigerian healthcare industry. This unexpected departure speaks volumes about the challenges faced by businesses within the country and raises concerns about the government’s effectiveness in creating a conducive environment for investment.
Obi emphasized that the consistent exodus of multinational companies should be alarming to every concerned Nigerian. The departure of such companies undermines the government’s claims of successfully attracting investors and casts doubt on the reliability of their strategies and policies. It calls into question the country’s ability to retain and nurture foreign investors, which is crucial for economic growth, job creation, and technological advancement.
The former governor pointed out that such developments must be viewed in the context of Nigeria’s economic challenges, including the lack of infrastructure, insecurity, and an unfavorable business environment. These issues, if left unaddressed, deter foreign investors from establishing and maintaining their operations within the country. CONTINUE FULL READING>>>>>