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Over 50 companies have left Nigeria since 2015 when the All Progressives Congress -led government took over the reins of power at the federal level.
From 2015 to 2022, over 50 companies closed or relocated. Prominent exits include brands such as Unilever, Procter & Gamble, and Microsoft. Vincent Nwani, an economist, noted that the departure of multinational companies has led to an estimated N94 trillion loss in output over the last five years. He stated that with the Naira's decline and rising operational costs, businesses find it increasingly difficult to remain competitive.
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