The Peoples Democratic Party presidential flagbearer, Atiku Abubakar has expressed concern over the planned exit of GlaxoSmithKline from Nigeria.
The former Nigeria’s Vice President took to his verified Twitter handle on Saturday to express his concerns.
He explained that the planned exit of the multinational company showed how horrific the country is becoming for businesses.
He maintained that some international firms are exiting Nigeria due to the harsh economic environment and this would further worsen the state of unemployment in the nation.
He called on the government to do more to attract foreign investors into the country.
He tweeted, “The planned exit of GlaxoSmithKline (GSK) from Nigeria after more than five decades of doing business in Nigeria underscores how horrific the environment has become for both local and foreign businesses.
“Sadly, many international firms have, in recent times, sold their assets and bid farewell to Nigeria after several years of operating in our country.
“These exits have led to further loss of jobs in an environment that is already bleeding jobs. We need to do a lot more not only to encourage investors to make Nigeria their preferred destination but also to encourage companies already operating in our land not to ‘japa.’
“To this end, we must revamp our infrastructure, endeavour to enthrone a sustainable regime of energy security and retool our fiscal and monetary policy.”
It could be recalled that GlaxoSmithKline in a statement on Thursday issued to the Nigerian Stock Exchange by its Secretary, Frederick Ichekwai disclosed its plan to shut down operations in Nigeria.