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This Is Terrible News – Nigerians React As Shoprite Announces It Is Leaving Nigeria

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Shoprite Experiences Biggest Fall In 20 Years, See Why

Retail giants and one of Africa’s biggest grocery store, Shoprite on Monday announced that is it working out formal plans to leave Nigeria or sell a majority share of its operations in the country.

The organization said this in its operational and voluntary trading update for the year ended on June 28, 2020 made available to newsmen.

The company announced that its decision follows “approaches from various potential investors, and in line with our re-evaluation of the group’s operating model in Nigeria.”

After the announcement, many Nigerians have taken to the micro-blogging site, Twitter to express their views and opinions on the development.

Some claim it is a bad sign for the country and further evidence that the economic situation in the country is very harsh.

Many others are worried about the fate of thousands of workers and their families that will be affected by this move.

See some reactions:

Some others are blaming the administration of President Muhammadu Buhari for the decision of Shoprite and some other companies to leave Nigeria.


Others however are of the opinion that it is a good thing as other indigenous companies are ready to fill the void that will be created and Nigeria will be better off for it.

Source: Naija News

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