Tinubu's reforms fail to stem investor exodus amid Nigeria's economic turmoil
• Record inflation, a weak currency, and poor financial infrastructure are making investors wary of Nigeria despite economic reforms by new president Bola Tinubu.
• Some international companies like Shoprite, Procter & Gamble, and GSK are reducing operations or exiting Nigeria due to economic uncertainty.
• Other firms like PZ Cussons and Unilever are restructuring to simplify business activities in response to market conditions.
• Tinubu has enacted controversial reforms like ending fuel subsidies and freeing the naira to try to improve public finances and attract investment.
• Experts say investors are making a mistake by leaving as Nigeria still offers major opportunities with its large consumer market.