Nigeria is a great, high-potential country with vast opportunities for doing business but unfortunately many foreign multinational companies have come in and exited Nigeria. Many of them successful in establishing businesses in at least 5 other countries but unable to grow or make a profit in Nigeria. With significant natural resources and ample human resources, the only thing setting this amazing country backwards is leadership. Leadership with the right legislation and checks and balances to reduce corruption, increase standard of living and grow the economy. Nigeria continues to welcome investors into her great country despite the examples of prior failed businesses that continue to discourage investors well into the 2020s. The below are some of the largest foreign companies that invested notably into establishing and growing a base in Nigeria but failed and exited the country. 5 large foreign multinational companies that exited Nigeria in the 2010s:
- Etisalat UAE
5. Tiger Brands
Want to push your dreams in today’s great-people, good-nations, technology-driven, corruption-stricken, high-potential world? You must read Olatorera Oniru’s 2018 e-book titled Push Your Dreams available now on Olatorera.com and on Amazon.com.
The Olatorera Consultancy brand has grown from an ambitious solo-preneur to a team of over 50 people highly assertive on providing the seal and stamp of “Africa’s Best” to great businesses in Africa and beyond. Chief Executive Consultant, Olatorera Oniru is very passionate about seeing businesses succeed and operate optimally. She is also notably passionate about witnessing Africa transformed into one of the world’s greatest continents. Olatorera Consultancy has an annual outline of businesses we work with. We currently do not accept unsolicited applications. To network with the team at Olatorera Consultancy Limited, please add your company to the reviews page here. An Olatorera Consultancy company representative may be in touch with you shortly after reviewing your company’s readiness for business consultation services.