Walmart Is Planning to Open Retail Outlets in Nigeria

Tuesday, August 4, 2015

Walmart, the world’s largest retailer by revenue, is in advanced talks to open big box stores in Lagos, Nigeria’s economic hub.

The retailer’s top executive for Europe, the Middle East, Africa, and Canada, Shelley Broader, met this week with Lagos state governor Akinwunmi Ambode. After fruitful talks, it appears the iconic Walmart signage will soon be sighted in Lagos.

Governor Ambode revealed his excitement at the prospect of Walmart opening up stores across the mega-city he governs.

“We have a population of over 21 million people and four million of that population is in the middle class,” said the governor.

He also noted that Walmart would create job opportunities for Lagos’ bulging youth demographic.

“We want to make sure that we attract as much investment in Lagos that can help us to take our youths off the streets and give them employment,” he said.

But neither Ambode or Walmart gave any timing for the first store.

Source: Quartz (link opens in a new window)

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Entrepreneurship
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business development, consumer products