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Why Multinationals are running away from Nigeria — Edun

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By Kayode Sanni-Arewa

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.

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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.

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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.

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Insecurity! Bandits k!ll 7 farmers, burn 50 bags of maize in Niger state

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Bandits have k!lled seven farmers, including a vigilante, and burnt 50 bags of maize inside a truck in Bangi, Mariga Local Government Area of Niger State.

Sources on Saturday, November 23, told Daily Trust that the victims had gone to bring the harvested maize home from their farm when the bandits ambushed them, k!lled all the occupants in the truck and set the truck.

Bandits have killed seven of our farmers who had gone to farm to bring the maize they had harvested home. The attackers hid and waited until after the victims had loaded the 50 bags of maize into the truck and were about to take off to return home when they opened fire on them. After k!lling the victims, they also set the truck and the 50 bags of maize already loaded ablaze,” a source said.

He said it was difficult for farmers in Mariga to harvest their crops this year due to k!llings and kidnappings by bandits.

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SAD! Roman Catholic Oldest Priest Monsignor Thomas Oleghe dies at 103

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The Bishop of the Catholic Diocese of Auchi, most Rev. Dr. Gabriel Ghieakhomo Dunia announces the passing unto eternal glory of Rt. Rev. Monsignor Thomas Oleghe, at the Immaculate Conception Cathedral Auchi, during the solemnity of Christ the King

Rev. Monsignor is the oldest Catholic Priest in Nigeria.

Monsignor Oleghe death is very remarkable as the centenarian died during the feast of Christ the King.

The demise of the priest of the order of Melchizedek should be best described as (TRANSITION TO GLORY)

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NECO accredits more foreign schools for SSCE, BECE

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The National Examinations Council (NECO) has given accreditation to more foreign schools to write the Senior School Certificate Examination (SSCE) and the Basic Education Certificate Examination (BECE).

The Acting Director, Information and Public Relations, Mr. Azeez Sani, disclosed this in a statement.

The newly accredited schools are in Niger Republic and Equatorial Guinea.

“NECO Accreditation Team visited the Schools to assess their readiness to write the SSCE and BECE.

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“The Accreditation Team inspected classrooms, laboratories, libraries, computer laboratories, workshops, examination halls and sport facilities to determine their adequacy and suitability for NECO Examinations.

“After a thorough evaluation and comprehensive assessment, the schools were granted full SSCE and full BECE accreditation status,” the statement said.

The statement added that the accreditation of additional foreign schools is a testament to NECO’s commitment to providing quality education and assessment beyond the shores of Nigeria.

“With its expanding global presence, NECO is poised to become a leading examination body in Africa, offering opportunities for students worldwide to benefits from its expertise, thus contributing to the advancement of education in Africa and beyond.”

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In another development, the statement disclosed that candidates are participating in the on-going NECO SSCE External in Diffa, Niger Republic.

“The UNHCR School, Diffa, Niger Republic is the first NECO SSCE External Centre outside Nigeria.”

NECO examinations are now written by candidates in Benin Republic, Togo, Cote’ d’Ivoire, Niger Republic, Equatorial Guinea and Saudi Arabia.

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