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Why Multinationals are exiting Nigeria — Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has explained that multinational companies exiting Nigeria did not have a liquid foreign exchange market.
According to him, the government is working on the economic and investment climate to attract more multinationals into Nigeria.
The Minister stated this while fielding questions as a guest on Channels Television’s Sunday Politics programme.
Edu said a proposal to make things easier for both local and foreign manufacturers in the country is in an Economic Stabilisation Package before the President Bola Tinubu.
“One of the major drawbacks for them (exiting multinationals) was they did not have a liquid foreign exchange market.
“Companies will always come and go, of course, our aim is to not only keep them but to have them even more coming to invest, and we are sure that with the environment that we put in place, they will come.
“We are in a difficult place, so every single day, every single month, we are looking at an improved economic situation for Nigeria,” he said.
Among multinationals that have exited the country in the last one year include Procter and Gamble (P&G), GlaxoSmithKline (GSK), Unilever, Sanofi-Aventi Nigeria, manufacturer of Huggies and Kotex brands of diapers, Kimberly-Clark, among others.
The companies cited high energy cost and currency depreciation as their reasons for exiting the country.
News
Christian leaders to stage protest over Plateau killings during Easter

*Says, will not be silent
By Francesca Hangeior
Christian leaders in Plateau have announced plans to stage a protest over the unending attacks and killings in the state.
The protest, scheduled for Easter Monday, will be held under the banner of the “2nd Peace Walk Against Continuous Killings”.
Dr Gideon ParaMallam, president of the Gideon and Funmi Peace Foundation and a member of the protest planning committee, confirmed the development.
ParaMallam said the procession was organised by denominational leaders and the Plateau chapter of the Christian Association of Nigeria (CAN).Nigerian cultural tours
His words: “Between March 27th and April 2nd, 2025, nearly 80 innocent lives were brutally cut short in Bokkos local government area. This does not include Bassa LGA and other parts of Nigeria.
“As a mark of honour for the dead and a cry for justice, the Church is organising a 2nd Peace Walk to demand an end to these senseless, unprovoked, and continuous attacks in Plateau state and other parts of Nigeria.
“We must not be silent. We must not allow their blood to cry out unheard.”
He said the protest would begin at the PRTV roundabout in Jos and end at the New Government House in Little Rayfield.
ParaMallam said the demonstrators will deliver their demands to President Bola Tinubu through Plateau Governor Caleb Mutfwang.
He called on all Christians in the state to join the procession dressed in black as a symbol of mourning.
He said: “The protest is a call for peace, justice, and security for every life on the Plateau and across Nigeria.
“We have asked all Christians to wear black to church on Easter Sunday, 20th, and during the Peace Walk on Monday, 21st.
“Black, red, and white clothes are to be worn as visible symbols of our mourning — black for grief, red to call for an end to the killings, and white to represent peaceful resistance to impunity.”
The protest follows a series of deadly attacks in Plateau.
News
Gunmen invade Plateau community in fresh attack, Kill 40 People

By Francesca Hangeior
At least forty people have been reportedly killed in a fresh assault on the Zike community, Kimakpa, Kwall district of Bassa Local Government Area of the state.
Despite reassurances from government authorities, the spate of attacks in Plateau has continued.
According to a Kwall community leader, Wakili Tongwe, the attackers invaded the village in the early hours of Monday and shot sporadically at residents who were scampering for safety after hearing gunshots.
The community leader told Channels Television on the phone that a team of vigilantes, including himself and some security personnel, were on patrol in another community when the attackers invaded the village and started shooting.
Though the security personnel engaged the invaders and succeeded in repelling the attackers, the damage had been done, with about thirty-six persons shot dead and four others dying later.
Some other residents sustained gunshot wounds and are receiving medical attention at the hospital.
Security agencies in the state are yet to comment on the attack, which is coming less than two weeks after fifty-two persons were killed in some communities of the Bokkos Local Government Area of the North-Central state.
Plateau State has, for several decades, been a hotbed of killings, with gunmen sacking entire communities. About 200 people were killed at Christmas 2023 celebrations during a bloody attack on a majority Christian community. In May last year, around 40 people were killed and homes torched in the town of Wase.
Experts blame the fight for resources between farmers and herders as a major cause of the attacks.
But the governor of the state, Caleb Muftwang, says there is more to the attacks.
“I can tell you in all honesty that I cannot find any explanation other than genocide sponsored by terrorists. The question is, who are the persons behind the organisers of this terrorism? This is what the security agencies must help us to unravel,” the governor said on a recent edition of Channels Television’s Politics Today.
He said bandits have taken over 64 communities in the state.
“As I am talking to you, there are not less than 64 communities that have been taken over by bandits on the Plateau between Bokkos, Barkin Ladi, and Riyom local governments,” Muftwang said. “They have been taken over, renamed, and people are living there conveniently on lands they pushed people away to occupy.”
The Federal Government has been talking tough following the recent wave of attacks, vowing to flush out the assailants. The Inspector General of Police (IGP), Kayode Egbetokun, “ordered the immediate and comprehensive deployment of police tactical assets to the affected areas of the state”.
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Just in: Namibia Moves to Deport Over 500 Americans in Bold Visa Policy Shift

In a shocking diplomatic move that is making waves across the globe, Namibia has announced plans to deport over 500 American nationals currently residing in the country without valid visas.
The decision comes as part of a sweeping policy overhaul led by President
Netumbo Nandi-Ndaitwah
aimed at asserting reciprocity and strengthening Africa’s sovereignty on immigration matters.
“If Africans need visas to enter the United States, then Americans must also need visas to enter Namibia,” the President declared firmly during a nationally televised address. “This is not aggression — it is fairness. It is dignity.”
According to government sources, the Americans targeted for deportation are individuals who have overstayed or entered without proper documentation. Immigration officials have already begun serving notices, and coordinated efforts with law enforcement are underway to ensure a lawful and orderly process.
The move has ignited debate worldwide, with some calling it a bold stance for equity in international relations. Others are urging caution, warning of potential diplomatic fallout.
But the Namibian leader appears undeterred.
In a separate announcement, the President revealed ongoing efforts to make Namibia a visa-free country for all African nations, promoting intra-African travel, trade, and unity. “It’s time we stop treating our African brothers and sisters like foreigners on their own continent,” she said. “Africa must rise — and we must rise together.”
The policy shift has been hailed by many Pan-African advocates as a landmark moment in Africa’s geopolitical awakening.
As reactions pour in from Washington and other world capitals, all eyes are now on Namibia — a small nation making a mighty statement on the global stage.
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