Retail giant to launch in Lagos soon

folarin okunola

July 31, 2015 9:55 AM

Walmart's presence in Lagos would go a long way not only to create jobs for the teeming youths, but also boost the state's economy.

A Walmart supermarket in the US

Lagos State governor, Mr. Akinwunmi Ambode, has assured a Walmart Incorporated delegation of the state's readiness to give necessary support to assist the firm in establishing its presence in the state.

The Walmart delegation was led by Shelley Broade, President and Chief Executive Officer of Walmart Europe, Middle East, Africa and Canada, on Thursday.

Ambode said Walmart's presence in Lagos would go a long way not only to create jobs for the teeming youths, but also boost the state's economy.

The Governor also said the success of the brand, which currently operates in 28 countries with over 2.2 million employees, would be beneficial to the growth of the.

The governor said, “That summaries the reason why Walmart has to berth in Lagos. We are committed to expanding the business scope for Walmart and like I said, I am interested in having your brand signature in Lagos.

“You have been pro-people and that’s why we find a congress between the objectives of Walmart and Lagos State Government.

“As we speak, we have a population of over 21 million people and four million of that population are in the middle class. We have a bulging youth that is craving for employment and whatever it is that we do, we want to make sure that we attract as much investment to Lagos that can help us to take our youths off the streets and give them employment.

“What I stand here to offer is the commitment to make the investment climate favourable to investors. We want to ensure that whatever it is that would make the business bigger for you, we are committed to it.”

“I want to assure you that if it is in the area of land permits or authorisation for issues that relate to setting up business, we are committed to making sure that we fast-track and do it as transparent as possible to allow more businesses to come to Lagos.”

The Walmart executive in her response acknowledged the investment opportunities that abound in the state, adding that the Group was ready to expand its business horizon and create jobs for the people.

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