Procter & Gamble, a global leader in consumer goods, has announced plans to transition its Nigerian operations to an import-only model, effectively dissolving its on-ground presence in the country. This decision stems from the challenging business environment in Nigeria, primarily attributed to dollar-denominated operations and unfavourable macro-economic conditions. The immediate implication of this is that thousands of jobs and millions of dollars in investment will be lost in the country from the company’s move. Having been in Nigeria for over three decades, the firm has invested millions of dollars in…
Read MoreHarsh Business Climate: Procter & Gamble Nigeria exit ends 5,000 jobs
