OLX Closing Down Outlets In Nigeria

OLX (Photo Credit: Techpoint.ng)

OLX, a popular online platform which facilitates the buying and selling among individuals is reportedly set to close shop in Nigeria.

Information obtained by Naija News reveals the decision was formally communicated to workers on Tuesday through a notice of termination but the close down won’t take effect until March.

“We made a difficult but important decision in Nigeria to consolidate our operations between some of our offices internationally. Our marketplace will continue to operate here – uninterrupted – as it has since 2010, and we remain committed to the many people here who use our platform to buy and sell every month.”

“We continue to be focused on constantly innovating to make sure that OLX remains the top classified platform in the country. Of course, we are committed to helping our affected colleagues during this transition and have already offered them meaningful financial and other support.

“As we’ve expressed to them directly, we are extremely grateful for their many significant contributions to OLX’s success.”

The organization’s head of public relations and communication, Uche Nwagboso, confirmed to Punch they would not be maintaining physical presence in Nigeria beyond the specified period but would continue to maintain a market place.