Opinion: Shoprite, Wealth Distribution and an Adverse Macroeconomic Environment, By Bámidélé Adémólá-Olátéjú
Since the pandemic broke, no incentive has been given to businesses to cushion their losses of revenue. How about tax breaks? When will the naira racketeering and round tripping stop? When is Nigeria going to fix its power problem..?
For Shoprite, finding local investors is skirting the issues. The business model is too import dependent and the rank corruption within the buying and shelving infrastructure of Shoprite. How can we stem the dwindling prospects of foreign direct investment in Nigeria? Well, we have a long way to go. We are not ready to face and pick our poison. We are still enamoured by short cuts and cut and paste solutions. Unfortunately, there are no short cuts.
Since the pandemic broke, no incentive has been given to businesses to cushion their losses of revenue.
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