Reps Probe Closure Of Local Coys, Multinationals Exit
Reps Probe Closure Of Local Coys, Multinationals Exit
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Reps Probe Closure Of Local Coys, Multinationals Exit
The House of Representatives has resolved to investigate the mass exodus of Multinational Companies from Nigeria. This resolution followed a motion moved
Foreign companies, especially manufacturers and energy firms, have been leaving Nigeria with many citing the current foreign exchange crunch and devaluation of the naira, as reasons.
It will be recalled that Bolt, which currently offers food delivery services in 16 countries and 33 cities across the world, was launched in Nigeria in October 2021 after increased demand for food delivery services during the Covid-19 pandemic. Since its launch in the country, Bolt Food stated that it has partnered with over 10,000 restaurants, delivered over 1 million meals, and on boarded 23,000 agents and 12,000 merchants.
DISTURBING developments recently have ignited fears of severe adversity ahead for Nigeria’s manufacturing industry.