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‘Thousands will be without jobs’ — reactions as Shoprite plans to exit Nigeria

‘Thousands will be without jobs’ — reactions as Shoprite plans to exit Nigeria
August 03
11:36 2020

Shoprite, Africa’s largest food retailer, has sparked a plethora of reactions on social media over its plans to exit the Nigerian market.

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In a trading update filed at the Johannesburg Stock Exchange (JSE) on Monday, the retail giant said it is planning to discontinue its operations in Nigeria after posting a continuous decline in sales.

“Following approaches from various potential investors, and in line with our re-evaluation of the Group’s operating model in Nigeria, the Board has decided to initiate a formal process to consider the potential sale of all, or a majority stake, in Retail Supermarkets Nigeria Limited, a subsidiary of Shoprite International Limited,” the update read.

The news has stirred reactions from a number of Nigerians on social media platforms, especially Twitter, where they expressed their differing opinions.

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“If Shoprite wants to stay, they can stay; if they want to go, they can go; it will help local supermarkets to grow,” Shehu Sani wrote.

“So Shoprite is leaving Nigeria, thousands of people will be without jobs now, other thousands depending on those people’s incomes, my new neighbour works with Shoprite in Ibadan&he has 3kids, his wife is a private school teacher and hasn’t worked in a while, so many people like that,” a Twitter user said.

“Africa’s biggest grocery retailer, Shoprite, is exiting the continent’s most populated country, Nigeria, after 15 years. The SA retailers have struggled in the Nigeria market & most recently Mr Price also exited Nigeria. Is there ease of doing business in Nigeria? Job loss again,” another user wrote.

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Here is what some Nigerians had to say:

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https://twitter.com/__Omoissy/status/1290206712041893888?s=20

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