Nigeria: 'Stakeholders Must Position Retail As Next Economic Driver'

Currently contributing about 18 per cent of Nigeria's Gross Domestic Product (GDP), which translates to about $38.8 billion, and grossing a total national sale of about N38 trillion in 2016, experts said the retail sector could become the next economic driver in Nigeria if inherent challenges are tackled.

The experts, who gathered at the fourth edition of the Retail Leaders Conference in Lagos, insisted that a plethora of challenges have continued to cripple the growth of the sector thereby limiting projected opportunities, particularly in the areas of job creation and economic benefits.

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