ABN – Walmart, the largest retailer in the world by revenue, is in advanced talks to open superstores in Lagos, Nigeria.
Shelley Broader, Walmart’s top executive for Africa, Europe, Canada and the Middle East, was discussing the opportunity with Lagos state governor Akinwunmi Ambode this week.
Ambode said he was excited at the prospect of Walmart opening stores in Lagos, primarily because it would create job opportunities for the city’s young people.
“We want to make sure that we attract as much investment in Lagos that can help us take our youths off the streets and give them employment,” he said.
Walmart is the world’s leading private employer, with stores in 28 countries and around 2.2 million employees.
It has been gradually moving into Africa since 2011, when it bought South African retailer Massmart – which has six outlets in Nigeria.
Walmart listed on the Johannesburg Stock Exchange earlier this year.