NEWS

Government should carry stakeholders along in policy formation – Nnamdi Ezeigbo

The Founder/ Chief Executive Officer of SLOT Limited, Mr. Nnamdi Ezeigbo urged governments at all levels to carry stakeholders in the sector along in policy formation.

Speaking on the topic “Retail – Our opportunities, Our Challenges, Our Potentials”, Ezeigbo categorised the major factors affecting the retail in Nigeria into external and internal challenges, adding that retailers must come together and focus attention on how to solve these challenges

He broke down the challenges of the sectors as cost of finance, cost of real estate, government policies, volatility of forex, geographical uncertainty, unstructured business environment, poor regulator, multiple taxation and infrastructural challenges among others.

Acoording to Ezeigbo, “the Nigeria retail market can generate huge economic growth by exploring some of the following avenues – foreign investment, franchising, joint venture, manufacturing in Nigeria, improved shopping experience, banking services and various payment options.”

 

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