Shehu Sani, a former senator representing Kaduna Central in the National Assembly, has said the exit of Shoprite, a South African retail store, from the Nigerian market will help the growth of local supermarkets.
He said this in a tweet on Monday.
If Shoprite wants to stay,they can stay;if they want to go,they can go;it will help local supermarkets to grow.
— Senator Shehu Sani (@ShehuSani) August 3, 2020
Shoprite announced its exit from the Nigerian market after 15 years . It announced on Monday that it has commenced a formal process to consider the potential sale of all or a majority stake in its supermarkets in Nigeria.
Their exit has also forced reactions from many social media users who blamed the move on the poor economy.
So Shoprite is pulling out of Nigeria after years….Lol
I will be waiting for one Ayourb or Ajuri to lecture me on how this won’t affect Nigeria economy, and how Buhari war against corruption led to it. They might come up with “corruption is going in shoprite”. Predictable.
— Premier (@SodiqTade) August 3, 2020
The exit of Shoprite from Nigeria should tell you what you need to know about the “size of the Nigerian consumer market” and the economic incompetence of the present administration.
Anyway, Leventis & Kingsway Stores suffered the same fate under a previous Buhari Administration.
— Onye Nkuzi (@cchukudebelu) August 3, 2020
Buhari the grim reaper.
When he started fighting corruption in 1983, Kingsway and Leventis packed up and left.
When he started fighting corruption in 2015, Mr Price, Woolworths, and now Shoprite. Soon enough, Multichoice.
The Middle Class #Nigeria is fantastically corrupt.
— Chxta (@Chxta) August 3, 2020
Cost of doing business is so high in Nigeria. You provide your own power, your own water etc…
Costs just keeps getting higher and higher.
The unfortunate thing about this Shoprite debacle is the huge loss to staff, contractors and supplier.
An unfortunate domino effect.
— the Morris Monye factor (@Morris_Monye) August 3, 2020
In South Africa and Nigeria, Shoprite caters to a lower middle class population. This means Nigeria’s lower middle class population has reduced so much that even they can no longer cover Shoprite’s cost of doing business. Sigh. https://t.co/0O6GqVGfcm
— Ayo Sogunro – #Transformist (@ayosogunro) August 3, 2020
Here is Nigeria in the past 2 Months:
– ShopRite leaving Nigeria.
– Nipost wants to handle deliveries.
– Government demanding N25,000 per head for secondary schools before opening.
Do you still pledge to Nigeria?
— Somto. 🅰️🈵 (@SomtoSocial) August 3, 2020
Mr Price has closed shop and left Nigeria. Apparently Shoprite too is closing its operations and leaving Nigeria after selling its stakes.
Very soon multichoice and MTN might also leave. Buhari is really doing a great job and Nigerians are lucky to have him as President.
— Kelvin Odanz (@MrOdanz) August 3, 2020