Former Kaduna lawmaker, Senator Shehu Sani, in his reaction the report on exit of retail giant Shoprite from Nigeria, has said it will provide an opportunity for local supermarkets in the country to grow.

In a tweet he shared, Sani stated that the company is free to stay if they intend doing that and if they have decided to leave teh country, then they are also free to go.

He wrote on Twitter:

If Shoprite wants to stay, they can stay; if they want to go, they can go; it will help local supermarkets to grow.

https://mobile.twitter.com/ShehuSani/status/1290210647943258118

So shop rite has been the reason local supermarkets have not grown.

Proverbs 17:28 says "Even a fool, when he holdeth his peace, is counted wise: and he that shutteth his lips is esteemed a man of understanding".


Stop coming to my mention with your frustration.
Nigeria where local supermarkets extort people.
I never knew local supermarkets grow by selling at exorbitant prices.

Aside shoprite, what about other Nigerian businesses folding up, mr blogger?
Tell Buhari the truth, the economy is dying under him

Dammmnn Niggarrrr

Isoright

Exactly

...

So what is stopping them from growing when shoprite is still active now, why wait till the exit of shoprite?

B

Issoryt......We can actually build our own bigger shopping mall ourselves.

Just incase you need Raw Original Honey...don't hesitate to contact O 81O16667 71 let's talk about it now.. Health is wealth ...stay safe and blessed

He didn't think about it been a bad signal for prospective international investors. Smh.

Want to buy anything from eBay.com? Check link below for our promo offer.
https://www.nairaland.com/6030736/ebay-checkout-promo-lets-buy#92428114

Well, it will be somewhat but has he thought about the other effects that comes with it.

It's apparent that Covid 19 is really hitting hard and it shows on their report that Nigeria only accounts of 11.6% of the total group sales while SA with 1/4 of our population accounts for 78% of the group sales, that means SA has got a better Purchasing power parity than ours and we have very low middle class and high class level in the country. They will be selling it to another investors which means the FX remittances will be to the head in SA and Nigeria will only benefit from the taxes accrued from the sales. Also, the investors might decide to shut down some of the retails that is not adding quantitative and qualitative values to the chain, hence there will be job loss. I heard from grapevines it's going to be a franchise, I just hope it won't be another case of Mr biggs.

Where they growing prior to the Advent of ShopRite. Wasn't it ShopRite that came to the rescue of Nigeria shoppers and fun lovers with facilities that defines an exquisite mall. If care is not taken some Churches will be the ones that will purchase ShopRite buildings just as they purchased some Commercial buildings left over by other frustrated companies

Shoprite has never stopped local supermarkets from growing,there are loads of towns without Shoprite.What is causing shoprite to leave us the bad economic policies of this government, thesame bad economic policies is what is stopping local supermarkets from growing

Do we really need Shoprite ?
Can Nigeria economy crash if Shoprite removed their investment in our country?
Are they our only source of shopping?

Okay

this one na Okoto meow skrr, like say na ShopRite no gree make local marts no thrive...

That is a big lie. Why didn't they grow before ShopRite arrive in the first?

The fact is that Nigeria system of government will not allow a private company that has no government or political affiliation to grow up to world standard level

The reason small businesses have refused to grow is because of the hostile business environment, not shoprite.

I don't wish any Body bad.. but have ShopRite violate any rules?

Competition is always needed for business to strive

Technocrats can decipher

Iya Bilikisu will be excited with this news.

They should just try and keep their snack vendors behind.

Hmmn

Does one need to be an economist to know the truth?

Time for roban, market square, next, addide and co to expand.

The market is not friendly.

What do I know.


Install a car tracking device and let your car feel safe.

Check my signature