Ikeja Shopping Mall shuts down, as management begins upward price adjustments, customers stranded

By Sylva Emeka-Okereke, JP, Publisher 
Muted agitations and frustrations trail the sudden closure of Ikeja Shipping Mall today, as customers besieged and crowded the  mall under lock and key. 
It would be noted, that Shoprite, South Africa discontinued its 16-year-old operations in Nigeria in June 2022, after struggling with supply chain disruptions and repatriation of funds, caused by acute dollar shortage. 
This frustration led to eventual takeover of the grocery firm by a Nigerian consortium.
Since then, the Mall has been fledgling due to heightening economic reality in the country, which caused the shutdown of the mall today.
The ongoing price adjustments, SylvaNews gathered is part of the company’s plan to   withstand the test of time. 
Efforts to reach out to the management of the mall proved abortive, though one of the sales men, who spoke from inside the mall said, “we shall open, as soon as we finish our stock-taking”  
Sensing possible implications of speaking to customers on the issue, he was seen covering his name-tag, to avoid any possible repercussion from the management.
Investigation shows that, as from tomorrow, Tuesday, February 6, customers will begin to pay higher prices for goods at the mall, hence the new price review would jerk-up the prices of existing goods to meet up with the naked reality of the nation’s economy.
The grocery company sold its Nigerian business to Ketron, a company owned by a group of local investors, led by property firm Persianas Investment.
Ketron retained the name under a franchise arrangement, and said after the deal that it would sell more Nigerian-made products.
In exiting Nigeria, Shoprite followed the steps of other foreign companies like Mr Price Group, Woolworths and Truworths International that had also come unstuck,  following similar operational challenges.
                                                                              Some customers, who spoke to SylvaNews were divided over the planned increment of prices in the mall.                                                                                                                    While some supported the planned increments based on the reality on ground, others said, the increase may scare some customers, if such increment is much, as they buy goods in large quantity. 

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