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Stop Multinational Corporations From Leaving Nigeria, APC Chieftain Tells Tinubu
Hon. Olatunbosun Oyintiloye, a prominent figure in the All Progressives Congress (APC), has expressed concern over the recent departure of multinational corporations from Nigeria.
Oyintiloye urged President Bola Tinubu to prioritize economic improvement and attracting investment to prevent further exits of companies operating in Nigeria.
Speaking to reporters in Osogbo on Sunday, the former lawmaker highlighted the potential consequences of continued multinational exits, including reduced foreign investment, significant job losses, and diminished economic output.
Oyintiloye specifically referenced the departure of Kimberly-Clark, the multinational company behind Huggies, as a troubling development.
In addition, Oyintiloye highlighted that GlaxoSmithKline Consumer Nigeria Plc, Sanofi-Aventis Nigeria Limited, Procter and Gamble, and other multinational corporations have either fully or partially ceased their operations in Nigeria.
He pointed out that Unilever discontinued the production of its well-known OMO, Sunlight, and Lux brands in 2023 as part of cost-cutting measures to focus on more promising growth prospects.
Oyintiloye emphasized that the departure of these multinational companies not only impacts the manufacturing sector but also affects the oil industry.
Oyintiloye also noted that over 26 oil companies and investments have withdrawn from Nigeria, selling their stakes to domestic investors.
He said “These include influential oil mining multinationals such as Shell, ExxonMobil and ENI. These companies left mainly because of heightened insecurity in the Niger Delta and the inability of the government to provide their counterpart funds to enable the joint venture agreements to explore and exploit new oilfields.”
Oyintiloye, a former member of the defunct APC Presidential Campaign Council (PCC), emphasized that the exit of these companies would not only lead to job losses but also negatively impact the value chain and contribute to a decline in the country’s Gross Domestic Product (GDP) growth.
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Musa Joins Jaiz Bank As Ambassador
Super Eagles Captain, Ahmed Musa has been signed up by Jaiz Bank as a brand ambassador.
An elated Musa made the disclosure in a statement on his verified handle on micro-blogging site, X on Thursday.
The Kano Pillars striker urged his fans to troop to Jaiz Bank to do business for trusting him with the new role.
He exclaimed, “And to my amazing fans – if you want to support me, make sure to head over to Jaiz Bank and open your accounts with them today! ”
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He wrote, “✨Alhamdulillah✨ I am SO excited to announce that I’ve officially joined Jaiz Bank as their newest ambassador! 🎉💼
“A huge thank you to @JaizBankNG for trusting me and allowing me to be a part of this amazing journey! 🙏🏼💚 It’s an honor to represent a brand that believes in growth, security, and financial empowerment.
“I can’t wait to share all the incredible things we’ll be doing together! 🚀💡
And to my amazing fans – if you want to support me, make sure to head over to Jaiz Bank and open your accounts with them today! Let’s grow together! 💪🏼🔑
“@JaizBankNG is a non interest Financial institution poised with a mission to make life better through ethical Finance. 👌👌”
#NewBeginnings #BankWithJaizBank #PartneredUp #TeamJaizBank”
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Kenya Celebrates First Lady Rachel Ruto’s 56th Birthday
On November 20, 2024, Kenya’s First Lady, Rachel Ruto, celebrated her 56th birthday and her husband President William Ruto publicly expressed his love and appreciation for his wife on this special day, wishing her well.
The birthday celebrations were marked by an outpouring of goodwill from political figures, media, and citizens across Kenya, who praised her for her grace, leadership, and significant contributions to society, particularly through initiatives like the Joyful Women Organisation, which aims to empower rural women.
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The day was characterized by a collective acknowledgment of her role as a national figure dedicated to community upliftment.
In a heartfelt message, President William Ruto took to social media, writing, “Happy birthday my love, @MamaRachelRuto. Continue being a blessing to me and our children. Mungu akubariki sana,” which translates to “God bless you abundantly.”
Other prominent leaders also extended their wishes to the First Lady, with Anne Waiguru, EGH, OGW, Governor of Kirinyaga County, tweeting, “Happy Birthday First Lady,” further showing the respect and admiration for Rachel Ruto’s leadership and impact.
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Gas Explosion in Katsina Filling Station Damages Six Vehicles
A gas cylinder explosion at a filling station in Jibia Local Government Area of Katsina State has resulted in significant damage to six vehicles, according to a statement from the Katsina State Police Command.
The command’s spokesperson, Abubakar Sadiq-Aliyu, confirmed the incident, which occurred on Friday, November 15, 2024.
He explained that a loud explosion alerted police operatives from the Jibia Divisional Police Headquarters. Responding promptly, the Divisional Police Officer led a team to the site, supported by military personnel.
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“Upon arrival, operatives found a truck loaded with gas cylinders engulfed in flames at Tamal filling station, along Kagadama-Magamar Jibia Road,” Sadiq-Aliyu stated. The joint team acted swiftly, deploying measures to protect lives and limit property damage. Their efforts successfully extinguished the fire.
The spokesperson added, “Six motor vehicles were significantly affected by the fire incident, but fortunately, no life was lost.”
State Commissioner of Police, Aliyu Abubakar-Musa, has directed a thorough investigation to determine the cause of the explosion. Updates on the findings will be provided as investigations progress.
This incident highlights the need for heightened safety measures at gas filling stations to prevent such occurrences.