In Nigeria, the House of Representatives want to prevent Kimberly Clark, makers of Huggies and Kotex, from leaving the country. Kimberly Clark has been in the country for fifteen years and invested $100 million in Foreign Direct Investment (FDI) two years ago. Other multinational corporations have left the country due to high costs and low supply of energy, high cost and insecurity of raw materials (in other words, there’s a lot of corruption).
Hon. Babajimi Besen moved the adoption of the motion to address the issues of doing business in Nigeria, noting the increased standards of living and health for Nigerian women and infants who could access Kimberly Clark’s products, as well as the 10,000 direct and indirect jobs the factory created.
Kimberly Clark’s website states that, “Kimberly-Clark will close its manufacturing facility and commercial office in Lagos and will no longer manufacture, market, or sell its Huggies and Kotex products in the country.”
Source
Kwen, James. 5 June 2024. “Reps Move to Halt Exit of $100m Diaper-making Firm from Nigeria.” Leadership.
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