Shoprite calls it done with Nigeria, put mall for sale
Considering the growth and reduction in Nigeria’s Economy, tax, tariff and related cost which business owners has been pre-occupied with as a means of payment to the government and government agency, one of the biggest international Shopping mall has decided to call it done with Nigeria. The shopping mall is currently put up for sale, while Nigerians are complaining bitterly on tweeter; we hope the government does something about,
For about two years thereabout, Shoprite has helped Nigeria in boosting the sales of made in Nigeria goods, hopefully the government will consider this, and also the number of Nigerians who will be rendered jobless if this company folds up.
Africa’s biggest grocery retailer, Shoprite, is exiting the continent’s most populated country, Nigeria, after 15 years. The Cape Town-based retailer has started a formal process to consider the potential sale of all or a majority stake in its supermarkets in Nigeria, it said in a trading statement for the 52 weeks to end June released.