Peter Obi Reacts After Reading The Audited Report Of Nestle Huge Loss

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The Labour Party LP candidate in the 2023 presidential election, Peter Gregory Obi has reacted after he read the audited report of Nestle Nigeria.

In a post that he shared on his official X handle on Friday, he said the audited report that was released by Nestle Nigeria shows that the company is running a huge loss.

Peter Obi stated that 10 years ago, Nestle had a revenue of N140 billion and Nigeria was one of their largest market. Peter Obi said as at then, the profit of the company was N26 billion. He said it is sad that today, Nestle Nigeria is recording a collosal loss.

Peter Obi wrote on his official X handle;

“Yesterday, I read the disturbing audited report of Nestle Nigeria, which represented a huge loss in the company’s history in Nigeria. This is a company that started operations in 1961, a year after Nigeria’s Independence, operating as Nestlé Products (Nigeria) Limited”.


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