Shehu Sani, a former senator from Nigeria, raised concern in a recent tweet about the various business attitudes to Nigeria’s challenging economic and security conditions.
Sani observed that Chinese enterprises are tenacious and continue to operate even in the most risky regions, but numerous major Western corporations are departing the country due to economic instability and an unpleasant business environment. …CONTINUE READING
In his words, “Some Western multinationals are shutting down their businesses in Nigeria citing economic issues or hostile business environment. I still wonder why Chinese firms aren’t closing down; the Chinese are even present in the bandits infested villages of Zamfara, Kaduna, Niger, and Nasarawa mining for gold, gypsum, kaolin, and lithium. What kind of people are the Chinese?”
Sani’s tweet sparked a conversation about Chinese firms’ resilience and risk tolerance in comparison to their Western counterparts. It highlights a trend: Chinese enterprises are not only staying in Nigeria, but also expanding their presence in some of the country’s most dangerous places, whilst Western corporations are leaving.
