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More Economic Woes As Huggies Plans Exit From Nigeria
Kimberly-Clark, the global manufacturer behind the ‘Huggies’ diaper brand and various sanitary products, is set to shut down its production facility in Ikorodu, Nigeria.
This closure follows a $100 million investment in the facility, which was launched in 2022.
According to an anonymous source, the company has been grappling with Nigeria’s difficult economic conditions, operating below capacity since late 2023.
The source said “Running cost is extremely on the high side. Our fixed spend every month is above N500 million and we spent about N100 million on just gas consumption for powering the gas engine aside from maintenance.
“The company has two assets and for last year, these assets didn’t run for like 90 days in 365 days.
“Earlier this year, the company had to downsize to 2 shifts from 4 shifts. We run 24hrs and 7days and 365 days before but currently we don’t run on Friday, Saturday and Sunday anymore because of the economic situation.
“There is already an embargo on external recruitment. The company is looking for ways to reduce cost since it is not making a profit.” The source added
This closure marks the second time Kimberly-Clark has ceased operations in Nigeria; the company previously shut down in 2019 after a business review but reopened with its significant investment in the Ikorodu site.
Kimberly-Clark’s exit is part of a broader trend of multinational companies withdrawing from Nigeria.
Over 15 companies, including industry giants Procter & Gamble and GlaxoSmithKline (GSK), have left the country between last year and May this year.
The Nigeria Employers’ Consultative Association has highlighted the severe impact of these exits, reporting the loss of 2,000 jobs.
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Inside Tinubu’s Closed-Door Meeting With Opposition Leaders – SDP, IPAC Reveal Details
The Social Democratic Party (SDP) and the Inter-Party Advisory Council (IPAC) have disclosed details of their recent closed-door meeting with President Bola Tinubu, explaining that the engagement focused on strengthening Nigeria’s democratic process ahead of the 2027 general elections.
The clarification came amid speculation surrounding the meeting, which took place at the Presidential Villa in Abuja after leaders of several opposition parties attended an Iftar dinner hosted by the president earlier in the week.
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Speaking during a gathering hosted in Abuja by the SDP’s former presidential candidate, Adewole Adebayo on Friday, the party’s National Chairman, Prof. Sadiq Gombe, said the meeting with Tinubu followed an official invitation from the Presidency and lasted about an hour.
According to Gombe, the discussion centred on the need to strengthen Nigeria’s electoral laws and restore public confidence in the country’s electoral process ahead of the 2027 polls.
He explained that the meeting provided an opportunity for party leaders to remind the president of the importance of conducting transparent, free, and credible elections.
Gombe noted that democracy can only thrive when governments listen to the concerns of citizens and ensure electoral processes that guarantee fairness and accountability.
The SDP chairman also expressed concern over growing voter apathy, pointing to the low turnout recorded in the recent Area Council election in the Federal Capital Territory.
He said the Abuja Municipal Area Council election witnessed only about seven per cent voter turnout, which he described as a clear sign that many Nigerians are losing confidence in the electoral system.
Gombe urged the government and members of the National Assembly to take urgent steps to review electoral laws and rebuild public trust in Nigeria’s democracy.
Also speaking, the National Chairman of IPAC, Dr. Yusuf Dantalle, said political parties used the meeting to raise concerns about aspects of proposed electoral reforms, particularly issues related to indirect primaries and the mandatory electronic transmission of results.
Dantalle explained that the parties appealed to the president to use his influence to encourage legislative review where necessary, noting that reforms should strengthen, rather than complicate, the democratic process.
He expressed optimism that Tinubu would consider the concerns raised and support necessary amendments that would improve the electoral system.
The IPAC chairman also called on the Independent National Electoral Commission (INEC) to strictly adhere to electoral guidelines as preparations for the next election cycle begin.
Earlier in his remarks, Adebayo cautioned political actors against turning the 2027 general elections into a do-or-die contest, stressing that the primary goal of democracy should be the progress and stability of Nigeria rather than personal political victories.
He urged leaders across political parties to encourage citizens to actively participate in the democratic process and ensure that elections are conducted peacefully and transparently.
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