Boss13:
They didn’t state the reason why they are shutting down. The proposed products the plant is expected to
Manufacture are fast moving. Didn’t they do their NPV and IRR analysis and also take into consideration other external factors and risks.

Well I wish them well

Watermelonman:
The terrible condition of roads around Agbara and Lagos-Badagry expressway is enough reason for all the companies and people(local and expats) to shut down.

Yesterday, I made up my mind never to put my car on that road for whatever reason. From Alakija down to Seme is the worst stretch of road any human being, dead or alive, has ever seen.

onatisi:
what do you expect a expect a dullard to say if not that ? after all on of his aides said yesterday that Nigeria has more than enough electricity she can consume . TITANIC FOOLS IN POWER

izzou:


So a company as big as P&G, with over decades of experience doing business all over the world, and invested about $300 million building a plant, didn't do a NICE FEASIBILITY STUDY, according to you?

You are very funny, you know

Organism000:


Absolutely, distribution is great now because with eCommerce, one can turn his BQs and Backyard to warehouses and put pictures online and delivery also to malls and shops but it should be mostly consumables and other fast-movers.

franchasng:
Oh I see...its really a big project, thought its something one could monetize and sell to the masses, with the installation cost, it wont sell in Nigeria unless one target the upper class in some choice locations in Lagos, Abuja, PH and Enugu

izzou:


So a company as big as P&G, with over decades of experience doing business all over the world, and invested about $300 million building a plant, didn't do a NICE FEASIBILITY STUDY, according to you?

You are very funny, you know

Organism000:


Yeah, my factory was shut down and I also shelve the idea of a larger one I had already completed drawings, site construction and surveys for. I have decided to focus on alternative investments that brings in less cashflow but which guarantees me a stable peace of mind. There is no point hiring an army of people without making much profits in the name of having a large business.

Nigeria has really deteriorated since Buhari took over. Import charges and taxation are just going up unpredictably.

gurunlocker:
I don't blame them, doing business in Nigeria is not easy most especially those that depend heavily on electricity. Even small small business are struggling not to talk of big companies, running cost will be high with limited profit.

kabarka:


One of his aide Femi Adesina said "Giving land for ranching is better than Death"

Bunch of moros

SoNature:


Why can't this govt give a company as big as P&G grants to keep them in business until they stabilize?

I remember that Obama administration bailed out General Motors and Chrysler during the time of US credit crunch.

Why can't we do the same in Nigeria?

crunchyg:

Please can I chat you up. I am new in production business, needs some advice and mentorship

izzou:


So a company as big as P&G, with over decades of experience doing business all over the world, and invested about $300 million building a plant, didn't do a NICE FEASIBILITY STUDY, according to you?

You are very funny, you know

Organism000:


The deplorable road conditions are a different kettle of fish. We must not run away from our country. We must begin aggressive voters education, starting from Nairaland. The Gods can not do for Man, what Man, must do for itself. If at the end, Buhari still wins, it means Nigerians are now addicted to seeing blood, addicted to drugs, addicted to suffering and addicted to hearing sounds of Generators on their heads. As for me, I no longer turn on my generator at night, cos of the noise. So no more AC, I just keep the windows open with nets closed, cos apart from the noise giving me bad dreams, the thought of spending N10,000 per day on diesel for a big house is really making me think that I may not have enough kept for my kids and grand kids after I am gone.

So I now prioritize in order to have good reserve for my bloodline after I am gone.

NOETHNICITY:
If they did a nice feasibility study then why are they crying and closing down now?

You just want to blame it all on Buhari while failing to acknowledge the position of govt, which seeks to encourage more input of local contents. The company simply wants to be granted exclusive favor from govt. And govt cannot do that knowing there are other competing products like Moflix which is doing great.

peeps4u:
Lalasticlala, didn't Buhari recently say investors were falling over themselves to come to Nigeria?

But take note of this quoted from the report.

"About 272 manufacturing plants were shut down across the country in 2016,according to the Manufacturers Association of Nigeria."

Organism000:


That happens in a country, where the Government has direct line of communications with Manufacturers and Employers of Labor. So, they constantly discuss on what the Government can do to keep the Employment Stats up.

But in Nigeria, if you make money in business, the Govt sends different task forces, in different uniforms with different batches to come and take all manner of levies, fees, taxes and at the end, you are frustrated out of business. I am going from a plan to hire at least 100 people to a plan that I will hire about 5, while making about less what I wanted, at lower start up cost but with a great peace of mind.

Same goes to these Big Corporations, other countries are begging businesses to come, as long as production will be localized in the country, but we have APC and PDP working as enemies for their 'pockets' instead of working for the masses.

Nigerians, of today might survive this, but our kids may not have a country that works. But a country filled with loud, lazy and chaotic minds. Which is why Nigerians are considered loud in other countries. Smart people are not loud, smart people are not hurstlers. Smart people plan 5 generations ahead, and do not waste the little they have.

Let me even present you a bleak picture of Nigeria in 50 years, which you can relate to.

Fossil Fuel will no longer be a globally accepted commodity, meaning it will go the way of groundnut pyramid and cocoa plantations in the North and SW, right.

So, what is the next commodity that this whole Federal and State Government will depend on ? NOTHING.

The Society will crumble. Yes, there will be no cash for civil servants. IMF and World Bank will take our foreign reserves for their loans. Crime will increase and tribal wars will break out, cos people will need land for subsistent farming to survive. Yahoo Yahoo will be a dead business because AI is taking over fraud monitorings. So, robbery will increase.

There is nothing saving Nigeria from this 50 years prediction, NOT Prophesy, EXCEPT, we as a country, use all we have to diversify into Steel Manufacturing, Development of Export Terminals. Fabrication of Machinery. Development of IT sectors and Tourism is out of the equation because there are too many thieves here.

So as a man, what will you do with this information, for the sake of your future generations ? Well, I have already began my own plans, and I am here telling people.

AceRoyal:


Place a ban when the country cannot boast of adequate availability of raw local materials?
I bet you really don't know what's going on in this country!

cyrielo:

But then what is your point? They have clearly stated the reasons they are shutting down the plant, and that information could have been gotten from their feasibility study in my opinion. But still, I see where you're coming from given their reputation but their reason is baffling as it should have been identified earlier.

SoNature:


You have painted a very worrisome picture of Nigeria

Na to find way leave this country for una be my plan because tribalism and religion have ruined the country already

SMH

weyreypey:

Your president is the midwife of the departure

slimfit1:
The government should band them from importing anything or any of their products simple.

Tobyarab:
That factory was under construction before Buhari regime. They didn't know they would be this frustrated under his leadership.

kayfra:
A responsible government will try and address the needs of manufacturers to make operational costs more profitable

SoNature:


You have painted a very worrisome picture of Nigeria

Na to find way leave this country for una be my plan because tribalism and religion have ruined the country already

SMH

peeps4u:


https://www.premiumtimesng.com/news/headlines/274899-exclusive-pg-to-shut-down-300-million-nigeria-production-plant-one-year-after-launch.html?_e_pi_=7%2CPAGE_ID10%2C8855754542

izzou:


I have no problem with anyone voting Buhari because of tribal or religious reasons

But voting Buhari because of his policies and because you think he's the best amongst others candidates shows that you are either still eating your mother's food, or you don't have any sense left in you.

P&G have been in business here for more than 2 decades, and a new plant commissioned in 2017 is being put up for sale in 2018? Na wa

peeps4u:
Lalasticlala, didn't Buhari recently say investors were falling over themselves to come to Nigeria?

But take note of this quoted from the report.

"About 272 manufacturing plants were shut down across the country in 2016,according to the Manufacturers Association of Nigeria."