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Home ยป Peter Obi Laments Exit Of GSK From Nigeria After 51 Years
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Peter Obi Laments Exit Of GSK From Nigeria After 51 Years

OsunDailyBy OsunDailyAugust 5, 2023No Comments2 Mins Read
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It Started From Nigeria - Peter Obi Reveals More Details About His 'UK Immigration Detention'
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Labour Partyโ€™s presidential candidate in the 2023 election, Peter Obi, has lamented the planned exit of pharmaceutical corporation GlaxoSmithKline (GSK) from Nigeria.

GSK was incorporated in Nigeria in June 1971 and opened for operation in 1972, which means that the company has been operating in Nigeria for about 51 years.

Recently, the company released a statement to announce that it will stop producing prescription drugs and vaccines in Nigeria. The company also revealed that it would start using third-party direct distribution for its pharmaceutical products in the country.

On Friday night, Obi took to Twitter to express his concern over the development, noting that GSK decided to exit the country because the company no longer sees a thriving business climate in the country.

Also, the LP flagbearer lamented that the companyโ€™s exit was a result of the countryโ€™s poor management of the economy, decrying the negative impact GSKโ€™s exit would have on the countryโ€™s economy.

Obiโ€™s series of tweets read in parts, โ€œAs a result, millions are losing their jobs, and our poverty index is worsening, even though weโ€™re already being perceived as the worldโ€™s poverty capital.โ€

He added, โ€œThe multinationals that are leaving our country have not only created jobs but have created immeasurable training that contributed immensely to our human capital development over the years.

โ€œNow they are leaving our shores one after the other. GSK, which has a manufacturing facility in Agbara, Ogun State on over 25 hectares of land, had directly employed over 400 highly technical workers like pharmacists, microbiologists, biochemists, chemists, dentists, doctors etc, and also employed over 1000 other staff.

โ€œIt indirectly provided jobs and business opportunities for thousands of Nigerians across the nation. They are now leaving all these behind and pushing more people back into unemployment.

โ€œI have consistently maintained that in turning our nation around, we must move the economy from consumption to production, part of which included encouraging and supporting local and foreign investments, like GSK, in the country.

โ€œThe creation of an environment that creates and sustains multinationals to invest in our country is key to our dream of greatness. In the new Nigeria that we seek to create, the emphasis on production will encourage investors to stay and expand on our shores.โ€


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Exit GSK Laments Nigeria Obi Peter Years
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