₦airaland Forum

Trimjos:
Zömbie... Blaming everyone else other than themselves and their clueless APC empty heads

The reverse of what you said there is also true.

Many of these companies leaving Nigeria are leaving because of FX losses. Nigeria had been substituting the USD for them for years. They then repatriate the USD to their countries.

Moreover, have you asked about the companies buying them off? Many of these companies are being taken over by indigenous business owners and other foreign companies as well.

In view of these, while it is a smart move to look inwards to know and understand why things happen, sometimes, it is not out of place to look outwards as well.

justtoodark:
they should just all leave....

importin things and then wonderin why nobody can afford it....

things are much cheaper in local markets....
nonesense....pity anybody that wants to live western style in nigeria....na your budget go suffer ram....

yes you nailed it. Rice beans garri yam and red oil are very cheap because they are locally produced
Satire

There is no light at the end of the tunnel,the earlier other multinational realize the better.loss loss loss at the end of the day.

theafricadailyp:
https://theafricadailypost.com/319859/business/pick-n-pay-exits-nigeria-after-four-years/

umahi will say they should go.that em and pick and pay are not in the same level.Na level country we Dey now.

You want to pick and not pay before nii?

theafricadailyp:
https://theafricadailypost.com/319859/business/pick-n-pay-exits-nigeria-after-four-years/

My favorite store.

Trimjos:
Zömbie... Blaming everyone else other than themselves and their clueless APC empty heads

and you have nerves to be callin others Zömbie....

things cant continue like this....we either start producin enmass again or suffer international prices....
nigeria could end up even payin more than western nations....nigeria only of the rich and the rest risk to get abroad....

BouquiLake:
You want to pick and not pay before nii?

Pawa100:
T-PAIN economic guru

What is your specialization


You still get money buy Data come on line

Insult everyone including your self

You try build something get people to work
After all no one is perfect

TonySpike:
Well, Pick n Pay is also closing down most of their stores in South Africa. I don't think this is just a Nigerian problem.

Like banks closing down ATMs, pick n pay is going online in SA.

FatimaAbubakar:
Where is the fake first class accountant?

In Aso Rock

slimfit1:
Can you imagine agbero economics by Wale you can't tax your way out of this problem you have created. Taxing companies that are just managing to stay up is not the way out. Tax break for new investors as long has they have more than 900 workers.

You want them to sell everything they imported without tax? Use your head, they are leaving because the way they enrich themselves have always been to the detriment of the country, new ones are coming up, indigenous, locally recognized ones.

Nawa o

Supermarket business is actually booming in the country.
This is a case of being stiffled out of the competition.

While some are packing up, Bokku Mart is busy spreading into every nook and cranny in the country.
Just pray you sell what they don't sell, because their prices are better.

More grocery stores own by local have emerged in my Juction we have over 7
Prestige
Justrite
Beta day
Prime store
Twins fajia
Jendol
Boku etc


B4 we all go to ShopRite or pick and pay

Competition have send them away

Learner247:
The reverse of what you said there is also true.

Many of these companies leaving Nigeria are leaving because of FX losses. Nigeria had been substituting the USD for them for years. They then repatriate the USD to their countries.

Moreover, have you asked about the companies buying them off? Many of these companies are being taken over by indigenous business owners and other foreign companies as well.

In view of these, while it is a smart move to look inwards to know and understand why things happen, sometimes, it is not out of place to look outwards as well.

The way you guys try go cover up bullshit is amusing.

There's no country on earth that doesn't provide incentive in one way or another to businesses. Your say government provides USD to them at subsidized rate, and you're making it seem it's their fault out FX is in the dumps?
And this nonsense of "they get taken over by local companies", if that's the case why is your government wasting billions of taxpayer dollars in gallivanting around the globe claiming to seek for investors?

Una dey tire me. Admit it, the APC government is a failure

Heli. nus, Coronavirus

Pro and there likes .

Won't you say something here

A big shame that Nigerians are not only getting poorer but cannot afford basic meals again cos of a leader who doesn't have his people at heart all in the name of tribal and religious divides

Franking:
We see road enter bush because of tribalism. Day never even break.

So tell us the best candidate among the top 3 presidential aspirant polithiefcians....

T pain to the world

It’s certain there will be no Black Friday this year.
The prices of products of those who want to embark on it will be so mocking

drugnibu

Reducing the purchasing power of the people can never be a workable economic strategy for growth.

Tinubu has happened to them . Useless president.

TinubuCriminal:
If Buhari is better than you then you are a complete failure.

This one loud. And it seems likely

Another job losses again adding to more unemployment in the Corntree


Bad time to be unemployed in Nigeria


What do you expect from someone who said Emilokan to be President


Oya o Emilokan till 2031 we support you, we're enjoying you already if you don't like it go and hug a transformer...

Mindlog:
Nigeria has a huge population with very low purchasing power.

yes ooo, but Nigeria still have purchasing power than all other west Africa countries. Tp

Zooposki:
I have no idea why Nigerians patronize these South African companies. The money they get allows them to take care of the South African people spreading propaganda against us on Social Media. I wish Nigerians will create a viral # to boycott all South African businesses in Nigeria.

Is it only SA companies leaving nigeria?
Besides did you read the part of partnership with leventis?

rapheal5:
So tell us the best candidate among the top 3 presidential aspirant polithiefcians....

Obi would have been better because of his prudence and lack of impunity and extravagance.
Atiku would have been better because of his experience at the Federal level. There are many mistakes Tinubu has made which Atiku would not make because of his experience.

justtoodark:
they should just all leave....

importin things and then wonderin why nobody can afford it....

things are much cheaper in local markets....
nonesense....pity anybody that wants to live western style in nigeria....na your budget go suffer ram....

dunce

By the time the doomed dingBAT is done ravaging the shyyythole, Nigeria will be auctioned on jiji😂😂😜😜🤣🤣😁😁😎😎😄😄

Useless govt of self serving THIEVES AND BLOODTHIRSTY TERRORISTS 💯💯💯

Zooposki:
I have no idea why Nigerians patronize these South African companies. The money they get allows them to take care of the South African people spreading propaganda against us on Social Media. I wish Nigerians will create a viral # to boycott all South African businesses in Nigeria.

Wetin you dey talk sef? This is the sought after foreign investment. When a foreign company enters naija market they will provide much needed jobs. Forget where the company comes from. Our naija people never wan learn. Govt after govt keep bringing up policies that frustrate foreign investment in nigeria but they keep going abroad to beg for foreign company to come and invest in nigeria. Abegiii