Shoprite Planned Exit From Nigeria Triggers Mixed Reactions On Social Media
Twitter was filled with mixed reactions and debate after news broke on Monday that South Africa retail giant, Shoprite plans to leave Nigeria.
Earlier, glamtush reported that the company, which is one of Africa’s largest supermarket chains, had begun a formal process to exit – 15 years after it began operations in the country.
Shoprite explained in a trading update it published earlier that it took the decision following approaches from various potential investors.
It stressed that this was in line with its re-evaluation of the Group’s operating model in Nigeria, saying its business in the country “may be classified as a discontinued operation” when it reports results for the year.
According to the latest update, Shoprite’s Nigerian business posted a -6.3% decline in sales for the year ending June 2020.
The announcement to exit the comes about two months after another South African retailer, Mr Price, said it would close its Nigerian business.
However, the news of Shoprite’s exit has sparked various reactions from Twitter users, including Senator Shehu Sani who represented Kaduna Central senatorial district in the 8th National Assembly.
While some Twitter users debated whether the government should be blamed for the decision taken by the South African firm, others gave hilarious reactions.
See some of the tweets below:
