Letters
By Yahaya Balogun, Arizona, USA.
17 August 2015 | 11:45 pm
SIR: To our folks in Nigeria and in the Diaspora, Walmart is a successful retailer not only in the United States but globally. The company’s management intuitively must have seen the competitiveness and fertile business environment of Nigeria.
SIR: To our folks in Nigeria and in the Diaspora, Walmart is a successful retailer not only in the United States but globally. The company’s management intuitively must have seen the competitiveness and fertile business environment of Nigeria.
But Nigeria’s ugly past and corruption have kept this phenomenon company at bay to invest in Nigeria’s robust business environment. Walmart cautious business optimism may eventually come to fruition in this political dispensation.
Advertently, Walmart is jumping at the opportunity of change in Nigeria to woo and test-market the global hub of investment – Nigeria. The cynics amongst us should have realised by now one of the impending results of the official trip of President Muhammadu Buhari to the United States.
Nigeria is gradually becoming a beautiful bride and destination for global trade and investment. Walmart’s investment in Nigeria will create stupendous job opportunities for our unemployed youth.
It will magnetise other investment companies to Nigeria; and also break the monopoly and exploitation of other retail companies in Nigeria.
One of Governor Akinwunmi Ambode’s transactional laundry list of wishes is to bring Walmart to Nigeria. A fait accompli that will change business environment in Lagos State and Nigeria in general. Walmart successful establishment in Nigeria will also transform the lives of farmers, traders and ordinary Nigerians.
Nigerian farmers will be encouraged and incentivised by getting their farm produce to retail market for profits. Walmart’s antecedent is real. Res ipsa loquitur (fact speaks for itself). It’s a U.S. company that accommodates the rich and the poor in the remote and urbanised cities in the world.
It has created equal job opportunities and possibility for all. That is the true genius of its global success. He can foresee the transformation of business environment in Lagos State through a visionary enthusiast-Governor Ambode and his initiatives at bringing this iconic and supra-retailer to Nigeria. Our nation will be great again.
Related
Let's bring Buhari back
1 day ago
Nigerian anthem: Patriotic conservatives vs patriotic modernists
17 hours ago
Five years on, Kwara takes new identity under Governor AbdulRazaq
18 hours ago
Nigeria’s crumbling security architecture: A call for urgent reform
9 hours ago
One year of Tinubu's oil and gas reforms: Counting the gains
18 hours ago
Tinubu's one year in office: The good, bad, ugly
16 mins ago
2 Comments
You must be logged in to post a comment.
beebwai - 9 years ago
Nonsense; a move like this would have been in the making for months even years. Mr Balogun take your Buhari praise-singing elsewhere sir.
Log in to Reply - Flag as inappropriate
21stCenturySlave - 9 years ago
Lol. As if they just woke up last month and decided to come to Nigeria. Global corporation don’t operate that way. Probably been planning this for years
Log in to Reply - Flag as inappropriate
Latest
Nigeria
Gov. Aliyu begins payment of N4bn gratuity backlog
4 mins ago
Gov. Ahmed Aliyu of Sokoto state on Wednesday commenced the payment of N4 billion gratuity to retired civil servants in the state as part o
- Telegram
Nigeria
Dignitaries pledge allegiance to Sanusi as Emir marks fifth day in palace
34 mins ago
As Emir Sanusi embarks on his fifth day at Gidan Rumfa, a multitude of esteemed individuals from both within and beyond Kano continue to throng the palace to pledge allegiance to him. Recall that on Monday, additional district heads and members of the Tijjaniyya Shura Council paid homage to him, reaffirming their unwavering loyalty. Under…
- Telegram
Features
Nigerian Company MMNL to invest $50 Million to scale up its Tubular Batteries Production to 100,000 with backward integration in Next 5 years
58 mins ago
To cater to the rapidly growing demand of Nigeria’s energy sector; Metal Manufacturing Nigeria Limited (MMNL), Nigeria’s largest tubular battery company is aiming to double its expansion capacity to 60,000 pcs per Month in the next financial year. The company is planning to invest around $50 million in capacity expansion, new greenfield projects in the energy backup segment, R&D, Mining & Beneficiation, Plastic container and carton manufacturing units along with brand building, and channel partner engagement to accelerate its ambitious growth target.
- Telegram
World
You don’t have to attend varsity, UK PM Sunak says amid Nigerian students' financial struggles
1 hour ago
The Prime Minister of the United Kingdom, Rishi Sunak, has advised Nigerians and other foreign students studying in Britain that success in life does not have to be achieved by going to higher education. Sunak, in a short tweet on Wednesday, said, “You don’t have to go to university to succeed in life.” While Sunak…
- Telegram
News
Oyo gets world’s first fully solar-powered oxygen plant
1 hour ago
The United Nations International Children's Emergency Fund (UNICEF) has handed over the world's first fully solar-powered Pressure Swing Adsorption Oxygen Gas Plant to the Jericho Specialist Hospital in Ibadan, Oyo State. This innovative solution, created by Em-One, emerged as the winner of UNICEF's innovation challenge and was funded by the Government of Norway and other…
- Telegram
World
South Africa votes with long ANC dominance in the balance
1 hour ago
South African voters queued -- many of them for hours -- to cast their ballots on Wednesday in a landmark general election that leaves the ruling
- Telegram
News
Harvard to avoid political statements after Israel-Hamas war comment backlash
1 hour ago
Harvard University is set to take a step back from issuing political statements based on new policy recommendations from a university working group, "Institutional Voice" due to controversy over its response to the Israel-Hamas war. Interim Harvard President, Alan Garber, on Tuesday, confirmed the school will follow a report from the group that advised not…
- Telegram
Politics
Obi never got N850m from Abure to prosecute 2023 election — Tanko
2 hours ago
The Chief Spokesperson Obi-Datti and Director of Media Labour Party (LP), Dr. Yunusa Tanko, has clarified insinuations by one Mr Calistus Okafor that the National Chairman of the LP, Barrister Julius Abure, gave the presidential candidate of the party, Peter Obi, N850 million to prosecute the 2023 election. Dr. Tanko, while debunking the claim, said…
- Telegram
Metro
Police accidental gunfire claims two lives in Ekiti
2 hours ago
Two young men have tragically lost their lives when a bullet inadvertently discharged from a policeman's firearm in Ekiti State. The incident, according to witnesses, occurred around 10 pm on Tuesday in the Omisanjana Area of Ado Ekiti, the state capital. Initial reports indicated that an accident occurred in the area, prompting some angry youths…
- Telegram
World
Israel says it seizes key Gaza-Egypt corridor
3 hours ago
The Israeli army said it took control on Wednesday of a vital Gaza-Egypt corridor suspected of aiding weapons smuggling as it intensified it
- Telegram
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
