Procter & Gamble (P&G), an American multinational consumer goods, says it has plans to transition from local production to solely importing its products as the firm winds down its on-ground presence in Nigeria. Andre Schulten, chief financial officer, P&G, disclosed this on Tuesday, during his presentation at the Morgan Stanley global consumer & retail conference in New York. P&G is the manufacturer of common Nigerian household items such as Pampers, Always, Oral B, Ariel, Ambi-pur, SafeGuard, Olay and Gillette. Schulten said the decision is a result of the challenging business…
Read MoreFEW MONTHS AFTER SANOFI-AVENSIS, GLAXOSMITHKLINE EXIT: PROCTER & GAMBLE SET TO QUIT LOCAL PRODUCTION IN NIGERIA
