DEEBOZZ:
Do we really need Shoprite ?
Can Nigeria economy crash if Shoprite removed their investment in our country?
Are they our only source of shopping?

would you provide jobs for them?
It is never something Nigeria as a nation to take likely when Companies fold, it only leads to high crime rate due to unemployment

Just look at this dullard...

How many local businesses are currently doing well??! Other nations with foreign businesses also have local businesses doing just fine.

A bad economy is a bad economy... The business climate in this nation is toxic!!! Stop beating about the bush!!! Mtchewww!!!

Brandonx:
So shop rite has been the reason local supermarkets have not grown.

Proverbs 17:28 says "Even a fool, when he holdeth his peace, is counted wise: and he that shutteth his lips is esteemed a man of understanding".


Stop coming to my mention with your frustration.
Nigeria where local supermarkets extort people.
I never knew local supermarkets grow by selling at exorbitant prices.

If you don't understand the facts behind his reasoning, why not do simple research. It's just like how Walmart in the US have muscle out small groceries or retail stores. And thats even an American company. In this case, Shoprite is foreign owned, probably by white south Africans with European roots. While the latter is not the point, it also contribute to capital flight. I wonder what stop Nigerians from coming together to create a local retailer as that. We have to wait for foreigners to come do everything.

Why not the existence of local and international supermarkets together in order to create more jobs?Are the locals afraid of the international?

MiddleDimension:


Nigerian Access bank recently took over a Kenyan bank. Dangote is in several countries at least 14 African countries. Glo is all over west Africa too. there is UBA in other African countries including Kenya. we have businesses scathered everywhere. and it is important we continue to encourage intra africa trade

Now they betrayed your trust due to decline in sales...who needs who? We're doing them a great favor,they need us more than we need them. What further encouragement is expected of we Nigerians. Your friends didn't buy your products as expected due to corona then you paid back by leaving.

NightHawke:


When a shopping outlet like Shoprite closes it has negative ripple effect. Businesses and various suppliers who thrive through Shoprite will be affected. Job losses etc'

I have observed over time the increase in Nigeria value added products on sale at Shoprite. I can refill my kitchen up to 80% of our needs with discount of 5-15%.

Household purchases i can do up to 60% excluding specific needs or options at bargain pricing.

The economy is already a mess. Right now we need to keep companies from quiting. 100% or 0% sales Shoprite has a huge energy and maintenance bill etc Some outlets in the mall cant market themselves and thrive on customers coming to make purchases at Shoprite to stopover..

Shehu Sanni is comfortable and until he can replace Shoprite with an equivalent or better brand with more opportunities for Nigerians let him keep his peace......Lunch time is about over now and incoming email indicates three more regular staffs dropped. Meanwhile 2019-2020 forcast initially projected 6-8 possible employment and 16x2shifts for production...Is it still feasible?

Shopping may seem good for buyers but for every Shoprite there are thousands of micro and small business lossers that have lost customers and their means of livelihood to Shoprite. Aside from the comfort it provide to shoppers, it's a bad omen for Nigeria, especially with the fact that it is a foreign entity. Shoprite is :crying now because it's probably having problem moving its funds out of Nigeria because of dollar crunch. A local entity wouldn't face that especially if most of the products are local. Nigerians are slackers who have to wait for a foreign own retailer to shop comfortably. What does it take to run a retail business as that?

bbbabes:
Former Kaduna lawmaker, Senator Shehu Sani, in his reaction the report on exit of retail giant Shoprite from Nigeria, has said it will provide an opportunity for local supermarkets in the country to grow.

In a tweet he shared, Sani stated that the company is free to stay if they intend doing that and if they have decided to leave teh country, then they are also free to go.

He wrote on Twitter:



https://mobile.twitter.com/ShehuSani/status/1290210647943258118

Abeg, you guys should tell this man to cut his hair so that fresh sense can permeate through it.

FEGNO:
Shoprite supports a lot of local businesses. Chicken and eggs are from Nigeria. Tomatoes are from the Jos/Kaduna axis. Not to mention all the supplies they take from local manufacturers.

You're absolutely right! That's what I consider more important. A lot of suppliers will lose that opportunity of easy access to the market.

Of course other supermarkets will spring up or expand in due course. There's Foodco, Justrite etc apart from the ones mentioned earlier.

Stealing by employees is another major issue though.

ajl:


Shopping may seem good for buyers but for every Shoprite there are thousands of micro and small business lossers that have lost customers and their means of livelihood to Shoprite. Aside from the comfort it provide to shoppers, it's a bad omen for Nigeria, especially with the fact that it is a foreign entity. Shoprite is :crying now because it's probably having problem moving its funds out of Nigeria because of dollar crunch. A local entity wouldn't face that especially if most of the products are local. Nigerians are slackers who have to wait for a foreign own retailer to shop comfortably. What does it take to run a retail business as that?

You've shedded more light on these.

DEEBOZZ:
Do we really need Shoprite ?
Can Nigeria economy crash if Shoprite removed their investment in our country?
Are they our only source of shopping?

They are not the only but they are the major

Web2020:
Nigeria is 3rd to the last worst country to do business. google it

What's their reasons.

MiddleDimension:


Nigerian Access bank recently took over a Kenyan bank. Dangote is in several countries at least 14 African countries. Glo is all over west Africa too. there is UBA in other African countries including Kenya. we have businesses scathered everywhere. and it is important we continue to encourage intra africa trade

Aside from the banks and Dangote, show me any other Nigerian biz entity that operates outside Nigeria. I have no problem with inter-Africa trades but if it's one-sided then there is a problem. Nigerians are not doing enough. The problem is with Nigerians and not the foreign businesses that come here. If we can't run a business comfortably at home, then how can we go to other markets. Most of our so-called billionaire and millionaires are simply profiteers.

What an ass...he is an aboki so I don't blame him...

delpee:


You're absolutely right! That's what I consider more important. A lot of suppliers will lose that opportunity of easy access to the market.

Of course other supermarkets will spring up or expand in due course. There's Foodco, Justrite etc apart from the ones mentioned earlier.

Stealing by employees is another major issue though.

Not really against intra-African trade but we need more local competitors. The issue of shoplifting employees is not as big as that in the scheme of challenges facing them. Let them spend more on security technology. I know that a Nigerian employed to man the CCTV monitoring room will work hard to impress his/her boss.

ajl:


Aside from the banks and Dangote, show me any other Nigerian biz entity that operates outside Nigeria. I have no problem with inter-Africa trades but if it's one-sided then there is a problem. Nigerians are not doing enough. The problem is with Nigerians and not the foreign businesses that come here. If we can't run a business comfortably at home, then how can we go to other markets. Most of our so-called billionaire and millionaires are simply profiteers.

didn't you see Glo there? what about God Is Good and other transport companies?

ajl:


Not really against intra-African trade but we need more local competitors. The issue of shoplifting employees is not as big as that in the scheme of challenges facing them. Let them spend more on security technology. I know that a Nigerian employed to man the CCTV monitoring room will work hard to impress his/her boss.

the local people should step up their game

israelmao:
Why not the existence of local and international supermarkets together in order to create more jobs?Are the locals afraid of the international?

Number problem is our banks. It's expensive to obtain loan to create a business or expand. Foreign entities that come to Nigeria have access to cheaper credits. The banks are the "devils doing" us. Who will go collect loan with 26% interest to open a retail business. Nigeria will flourish if credit is cheaper like 6 -10% interest credit. Thats why business people in countries like US or Europe seem like "magician". They are probably less talented but they have access to cheaper funds and superb operating conditions. Our enemies are the elites. The banks and public officials. Don't you see that both even collude to keep the people poor. Politicians steal money and hand it over to the banks. Banks choose to give loans at crazy interest rate because they have no genuine commitment to support local business. Their main customers are the "theiving" politicians. Imagine, banks are also into businesses that does not concern them like selling recharge cards. Just imagine!

MiddleDimension:


didn't you see Glo there? what about God Is Good and other transport companies?

You mean Nigerian transport businesses operating outside Nigeria as independent biz entities in other African countries? Educate me.

Brandonx:
So shop rite has been the reason local supermarkets have not grown.

Proverbs 17:28 says "Even a fool, when he holdeth his peace, is counted wise: and he that shutteth his lips is esteemed a man of understanding".


Stop coming to my mention with your frustration.
Nigeria where local supermarkets extort people.
I never knew local supermarkets grow by selling at exorbitant prices.

Oil dey your head

Goldp5988:
Exactly

MTN SHOULD FOLLOW THEM BIKO

MiddleDimension:


Nigerian Access bank recently took over a Kenyan bank. Dangote is in several countries at least 14 African countries. Glo is all over west Africa too. there is UBA in other African countries including Kenya. we have businesses scathered everywhere. and it is important we continue to encourage intra africa trade

YOU JUST FINISH SHEHU SANI !

That Aboki may need a PARACETAMOL to get his senses normalised.

Extortion is just too much. Any kind of unsettled or presumption like this price of thing will shoot up. Even though we said shoprite things are cost but it still preferable to most of our local or regular shops and supermarket. Though few of them like foodco etc if they could put their prices in check, stock up varieties of products and establish more branches across the nation will surely cushion the effect of shoprite exist.

PS: the cost of doing business is just too much in this country. A man few minutes ago was complaining bitterly on twitter of spending over #2m and still counting on nafdac, vat , transportation etc excluding the main business spendings(pure water factory - satchet and bottle)

Brandonx:
So shop rite has been the reason local supermarkets have not grown.

Proverbs 17:28 says "Even a fool, when he holdeth his peace, is counted wise: and he that shutteth his lips is esteemed a man of understanding".


Stop coming to my mention with your frustration.
Nigeria where local supermarkets extort people.
I never knew local supermarkets grow by selling at exorbitant prices.

I love this comment,you have forgot to write mixing fake products with the original ones in those local shops.

FEGNO:
Shoprite supports a lot of local businesses. Chicken and eggs are from Nigeria. Tomatoes are from the Jos/Kaduna axis. Not to mention all the supplies they take from local manufacturers.

it is painful!!!!

dadamicheal35:
Let d south-african sucker leave.... wat benefits av we enjoy from Dem.... dey pay workers in south Africa dan naija here....
dere useless DStv is subscribenon a pay as u go in south Africa but in naija naa daily runs....
abeg SHOPRITE should pack and go

Blame Nigeria labour system...

How much is minimum wage?

obviously has a grudge with shoprite, they don't sell fura.

BigBashiru:


And between 1960 and when Shoprite came (over 45 years) why didn't it grow ??

I should school you but you must be humble to learn.

Small scale businesses are affected because they can't compete favorably with these "foreign" companies because of their force of finance. The businesses have obviously been growing but they can't COMPETE with these people!

There's a reason Mugabe chased white farmers away from Zimbabwe in 2002. I don't have strength or I would have elaborated more.

They are good sources of FDI, but they have many disadvantages.

I read Politics and Geography btw

ajl:


Number problem is our banks. It's expensive to obtain loan to create a business or expand. Foreign entities that come to Nigeria have access to cheaper credits. The banks are the "devils doing" us. Who will go collect loan with 26% interest to open a retail business. Nigeria will flourish if credit is cheaper like 6 -10% interest credit. Thats why business people in countries like US or Europe seem like "magician". They are probably less talented but they have access to cheaper funds and superb operating conditions. Our enemies are the elites. The banks and public officials. Don't you see that both even collude to keep the people poor. Politicians steal money and hand it over to the banks. Banks choose to give loans at crazy interest rate because they have no genuine commitment to support local business. Their main customers are the "theiving" politicians. Imagine, banks are also into businesses that does not concern them like selling recharge cards. Just imagine!

You made alot of sense.

michjunior:



MTN SHOULD FOLLOW THEM BIKO

As in eh, they should GO.

ethicallyright:


I think luring foreign investors to Nigeria is the most cost effective way of increasing our forex or dollars reserve. The foreign investors will exchange a lot of dollars at CBN with naira to fund their business in Nigeria only if we have a solid legislative banking.

For instance , if Walmart comes to a Nigeria where foreign rice , poultry , beef , tomatoes is banned through serious import restriction they'll actually exchange dollars to buy with naira from the local farmers and producers of those goods.

We actually need more producers in Nigeria than finished goods traders. The rate at which Walmart will sell the locally produced goods will throw local retailers out of the market but will also result in the emergence of more commercial farms where those goods can be sourced.

The local retailers actually get rich alone, it is only producers that provide more employment opportunities. While a retailer may need two or three salesman at each shop to sell rice, a producer of rice will need not less than 20 farmers at each rice farm to produce the rice. All things being equal, the producer will need to purchase bags of fertilizer from a Nigerian fertilizer company who is employing not less than 20 people, will buy bags for packaging from another Nigerian company who will employ not less than another 20 people.

Bringing in investors with plan to restrain their imports will affect local retailers but will improve the production process in the country which encourages income distribution than local retail which encourages the wealth of a few retailers.

we aren't ready for such,the reasons is
1.the foreign investors are mostly corrupt and will cut corners with our corrupt nass.
2.you see how our useless nass always call out DStv when they want DStv to pay them some money.
3.the foreign investors takes majority of their profit back to their home countries.
For example,I know of an Indian manager who prefers buying or importing products from India,he knows what he is doing.
We have men who can fill the void.
Imagine if obasanjo had encouraged glo to have a headstart in Nigeria?he would have gone far.
Dangote in oil, cement,floor .
Ivm and proforce are capable of Manning the automobile sector.
Banking and finance of course doesn't need foreign investors.
I repeat,we have what it takes to be a great nation without foreign input.

Oh

Don't they have Nigerians as employees?