South Africa’s grocery retailer Shoprite announces plans to exit Nigeria amid economic crisis

Simon Ateba( Chief White House Correspondent )

Simon Ateba is Chief White House Correspondent for Today News Africa. Simon covers President Joe Biden, Vice President Kamala Harris, the U.S. government, the United Nations, the International Monetary Fund, the World Bank and other financial and international institutions in Washington D.C. and New York City.

South Africa’s grocery retailer Shoprite on Monday announced plans to exit Nigeria amid an economic crisis caused by a shrinking middle class, a fall in oil prices, a raging coronavirus pandemic as well as gargantuan corruption ravaging the country and mismanaged loans that have paralyzed the economic activity.