Kimberley Clark, an American multinational personal care corporation has announced its plans to exit Nigeria after almost 15 years of operations.
This was revealed in a statement on Friday by the company.
“Kimberly-Clark today announces it has made the difficult decision to exit its business in Nigeria after almost 15 years, due to recently refocused company strategic priorities globally as well as economic developments in the country, ” the statement said.
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It said the company 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.
“Consistent with Kimberly-Clark’s value of care, the company’s top priority will be to fulfil its obligations and ensure that employees and partners are treated with fairness and respect,” the statement added.
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