Nigerian Startup, Klump Shuts Down After Five Years - Business (3)

Nigerian Startup, Klump Shuts Down After Five Years - Business (3) - Nairaland

Nairaland Forum › Nairaland General › Business › Nigerian Startup, Klump Shuts Down After Five Years (12130 Views)

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Re: Nigerian Startup, Klump Shuts Down After Five Years by jimmynauty: 7:18am On Oct 27

they tried
Me na punting favor to. Survive alabi

What goes up, coms down

But to rise you need info

Re: Nigerian Startup, Klump Shuts Down After Five Years by udemzyudex(m): 7:27am On Oct 27

The company can not compete, that's why it is shutting down. grin

Re: Nigerian Startup, Klump Shuts Down After Five Years by Jayhome24: 8:13am On Oct 27

Design4l:
jumia dropped many works, they are just managing to be in business. I ran into an old friend at Pen cinema Agege who used to work with them, what he told me about jumia wasn't funny, now he doesn't have work anymore.

Still not making any sense.

Re: Nigerian Startup, Klump Shuts Down After Five Years by dopestkidda(m): 8:30am On Oct 27

Yes because removing subsidy without a clear plan to deal with the after effect is the reason we are where we are today.

Can you believe that dangote was finding it hard to buy oil directly from nigeria. Imagine a country with abundant oil, our one and only refinery can not get cheap oil .

A wise president would have considered and fixed these bottle necks before blindly removing the subsidy.

Now up till today, we still don't know what tinubu did with the subsidy money.

I believe obi would have will do better because of his background in finance. I can't say the same for atiku.

akpumping7720:
If any of the two major candidates is the current president and they remove subsidy and float the naira as they promised in 2023; Are we not going to be in this same present condition?

Re: Nigerian Startup, Klump Shuts Down After Five Years by billyG(m): 8:59am On Oct 27

udemzyudex:
The company can not compete, that's why it is shutting down.

Compete with which company?

1 Like

Re: Nigerian Startup, Klump Shuts Down After Five Years by udemzyudex(m): 9:20am On Oct 27

billyG:
Compete with which company?

That's a sarcastic post.

Re: Nigerian Startup, Klump Shuts Down After Five Years by poweredcom(m): 10:34am On Oct 27

More startups to shut down soon ....una never see anything

Re: Nigerian Startup, Klump Shuts Down After Five Years by airsaylongcome: 4:23pm On Oct 27

laivwire:
I used Sepa as an example. I know it's an EU thing but something similar would be a priority for a commercial BNPL model to work effectively in Nigeria considering the typical Nigerian repayment mentality.

Totally agree