Nigerians React As ShopRite Sets To Discontinue Operations In Nigeria

Shoprite Nigeria

South Africa’s grocery store, ShopRite, is set to leave Nigeria after operating in the country for a period of 15 years.

In a statement on Monday, the company said it has been approached by potential investors willing to take over its Nigerian operations. Bloomberg reports that Shoprite is considering considering an outright sale of its operation in its Nigerian subsidiary.

This process was initiated after the retail chain said in November that it was reviewing its supermarket operations outside South Africa and would consider exiting certain countries if that would help reverse regional sales declines.

Shoprite Nigeria OnoBello

 

This comes just weeks after it was revealed that another popular retail store, Mr. Price Group, is making plans to close its Nigerian business to focus on its home market business in South Africa.

This news has not been well-received by some Nigerians, while some argue that it is good for small business growth at large. Below are some reactions:

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