Bayer to trim down business operations in Nigeria, three others

 

By Abimbola Tooki

Germany's Bayer is set to trim down its operations in Nigeria and three other Africa countries. The other countries are Kenya, Ethiopia and Ghana.

Consequently, Bayer will contract a third party to distribute its pharmaceutical products in the four African markets, it said, adding that the impact on jobs will be minimal.

The company, which has 200 employees in the region, said the move will not impact its crop science division, which makes up 90 per cent of the business.

Bayer will hand over the warehousing, distribution and sales representation of the medicines business, including for oncology and ophthalmology, to an unidentified third company beginning in May, it said.

The company did not say how many jobs would be affected, saying the process of identifying those roles was ongoing.

Some economic factors affecting the Nigerian business environment include economic growth, interest rates, exchange rates and the inflation rate. These factors have major impacts on how businesses operate and make decisions.

Unfortunately, bad roads and an inconsistent power supply are the two main infrastructural issues in Nigeria. These issues reduce the productivity of every business in the country