A Safe Haven
- By solomon2day
- On 03/05/2021
- Comments (0)
- In Solomon's Column
It is stale news that a considerable number of companies have divested from Nigeria.
Their relocation revolved around challenges of energy, infrastructure, and insecurity which has rendered business operations in the country prostate.
It is regrettable that Those-in-Charge has woefully failed to retain the confidence of investors by sustaining crucial industry support requirements viz electricity, good roads, and security.
Interestingly while the multinationals and a number of indigenous companies have taken refuge in Ghana and other countries, the Chinese, Indians, Lebanese, and Koreans have filled the gap and taken a firm grip of the economy. This set of investors have a reputation for exploitation, casualization, and the payment of stipends as wages to helpless workers.
In a number of instances, the workers are subjected to long hours of work without leave or holidays. Sadly, Those-in Charge has endorsed the country as a safe haven for this particular set of investors, who have over the years undermined the efforts of the law enforcement and security agencies.
It is not surprising the Debt Management Office(DMO) has disclosed that Nigeria is indebted to China to the tune of $3.7 Billion.
Curiously, the ambition and other selfish reasons of some helmsmen in the states which has almost brought Nigeria to its knees are the major stimuli for their intentions to conduct Local Government elections in these perilous times.
Nigeria Governance Investors Government
