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Multichoice, MTN, Shoprite, others given 7-days to stop operation in Nigeria

The meeting between @abikedabiri and @NANSNIG has ended with a resolution that @MTNNG, MultiChoice (@DStvNg), @Shoprite_NG and other South African-owned companies in Nigeria should stop operation and quit the business environment within seven days. #Xenophobia



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The meeting between President Muhammadu Buhari’s Senior Special Assistant on Foreign Affairs and Diaspora, Abike Dabiri-Erewa and National Association of Nigerian Students (NANS) has ended with a resolution that MTN Nigeria, MultiChoice, Shoprite and other South African companies in Nigeria should stop operation and quit the business environment within seven days.

These companies were given seven days ultimatum to shut down their businesses and leave Nigeria pending the time the South African government end the killing of Nigerians in South Africa. The continuous crackdown on Nigerians and other African nationals by South Africans has given rise to intense tension between both countries since the targeted Xenophobic attack began some years back.

[READ ALSO: Lafarge approves the sale of its South African Subsidiary for $316 million]

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NANS, Abike Dabiri and Tayo Faniran

Speaking on behalf of NANS, the President, Comrade Danielson Akpan, urged Nigerians living in South Africa to cancel their stay, while advising South Africans in Nigeria to leave Nigeria as well, as the group plans to start treating South Africans in the country the same way Nigerians are being assaulted, killed, leaving their properties destroyed or stolen.

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“Behold, the killings have continued and have even assumed a more dangerous dimension. This worsening development calls for a swift reaction. Importantly, we want to call on Nigerians in South Africa to reconsider their stay in South Africa and return home.

“Having gone through the first phase without any remorse or practical action to end xenophobic attacks in South Africa, we wish to announce that Nigerian students have decided to take on South Africans same way they are doing to our people. We have seen the helplessness of the South African government in reigning in on their citizens and wish to condemn in unambiguous terms the continued pampering of those involved. Every nation has its own internal crisis hence no citizen of other nation should be sacrificed for criminal activities of South Africans or any other.

“Since the economic prosperity of Nigerians can no longer be tolerated and their lives secured in South Africa, there’s no need also to condone the continued flourishing of South African businesses and her citizens in Nigeria.”

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[READ ALSO: Nigerians are falling yet again for MMM as it makes a come back]

Quit Notice: Danielson Akpan also asked all South African companies in Nigeria to vacate the country.

“We, therefore, wish to officially ask all South African-owned businesses in Nigeria to relocate in the next seven days. We specifically want Multichoice, MTN, Stanbic IBTC Bank, Shoprite and others to close their businesses in their own interest within seven days.

“In the same vein, we request that South African nationals in Nigeria should return to their home country as we can no longer watch them enjoy peaceful living in Nigeria while our citizens in their country continue to pay with dear lives for no reason other than being resourceful and flourishing in their businesses and career.”

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The failure of diplomacy: He further said, “We have consistently maintained that diplomacy has failed in addressing the xenophobic question. We have heard and seen diplomatic measures put in place without any sincere action taken by the South African government. We have seen again that the people of South Africa are not committed to peaceful coexistence with other nationals, hence the wanton killings and destruction of other Africans.

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“The Central Coordinating Committee of the entire students’ movement in Nigeria is hereby activated for mass action. We thank all those who have shown genuine concerns in ending the xenophobic madness and wish to reassure our citizens everywhere across the globe of our determination to fight this to a logical conclusion.”

What does this mean for SA firms: There had been argument in the past regarding how important Nigeria and Nigerians are to South African businesses within Nigeria, with some stating that the relevance of Nigerians will be greatly felt if these businesses were shutdown in Nigeria. This had always fueled the ‘South African businesses must go’ chant, but a recent fact-check done by Nairametrics discovered that the bulk of these companies’ revenue isn’t in Nigeria, as explained by the video below:

What this mean for Nigerians: If these companies decide to exit Nigeria, Nigerians will be affected negatively. In a period were unemployment is on the rise, companies are to be encouraged remain operational rather than shut down. Thousands of jobs will be lost, some of these sectors or market will be affected because Nigeria is not prepared for such outcome.

Nairametrics had previously reported that NANS planned a protest against South African businesses operating in the country last month, July 2019. Some of the protests scheduled to hold nationwide were, however, stopped by the police.

[READ ALSO: How Nigeria can benefit from ECOWAS’ intended single currency]

Shortly afterwards, Model and founder of Oduduwa Classics, Tayo Faniran and his friends were stopped by some South African police officers on their way to a business meeting. A video on Tayo’s Instagram Live showed that more than two Police officers held him down while another officer strangled him in an attempt to prevent him from capturing the assault.

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His harassment by the Police officers occurred days after the media practitioner condemned the South African rapper, Kiernan Jarryd Forbes, popularly known as ‘AKA‘, for the comment he made after South Africa lost to Nigeria in the African Cup of Nations tournament. Faniran had stated that AKA’s tweet was motivated by Xenophobia. Faniran was later arrested before the Nigerian Government secured his release days later.



Government’s intervention: Abike Dabiri, however, advised NANS to exercise patience and not proceed with their clampdown on South Africans and their businesses, stating that President Buhari and the South African President, Cyril Ramaphosa were planning to meet over the Xenophobic attack in South Africa.

She condemned the attack on Nigerians, stating that the killing was becoming pathetic,

“Really it’s pathetic, it’s sad. As we said before, until about 2016, we have had 118 Nigerians killed in South Africa. Between 2018 and today, 88 Nigerians have been killed in South Africa. Out of this 88, 25 were cases of Nigerians killing Nigerians and we have had the case of Mrs Elizabeth Chukwue who was murdered in her hotel room.

“We know that every country has its own challenges, we have ours and they have theirs. But killing other people is not the solution to anything. If a Nigerian commits a crime, you deal with the person.”

Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: [email protected]




    August 8, 2019 at 6:34 pm

    This action,taken by these young Nigerians is long overdue.We cannot continue to play the big brother role in Africa to our detriment.
    Enough is Enough!

  2. Walter Themba Thabethe (Ambassador, Advocate)

    August 9, 2019 at 9:08 am

    If this report is correct and truthful, I have to say that the decision taken by the Nigerian Government against South African companies and the people of my country in general, is regrettably hasty and devoid of wisdom. If I were the Nigerian government, I would not take such a decision prior to sending a high powered delegation on a fact finding mission.

  3. Walter Themba Thabethe (Ambassador, Advocate)

    August 9, 2019 at 9:48 am

    Nigeria and South relations too important and strategic for both countries and the entire African continent. Decisions on such relations shouldn’t be taken based on hearsay and media reports only. Do the people who took the decision even know or care about the fact that many of the Nigerians who were killed in this country were killed by Nigerians, that the majority of the more or less 1million,500 Nigerians who live, study, work, worship and do business here, do so happily and without a problem, that over 50 people die in crime-related incidents in this country and in almost all cases they are South African and not Nigerian or other immigrants, that we have Nigerian criminal gangs in this country who deliver a very bad message about Nigerians? I ask these questions because I care about SA Nigeria relations. I’m former student of Federal School of Arts and Science, Mubi, former Gongola State. I’ve lived studied, worked and currently worship with Nigerians from 1977 to this day, in Europe and here in Africa.

  4. Aziza Nkosi

    August 10, 2019 at 3:44 pm

    South Africans in Nigeria, aren’t selling drugs and abduct kids and women, we welcome them home your people can also go back home.. Futsek!!

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House of Reps to make Youths globally competitive

House of Representatives is determined to make the Youths globally competitive.



Closing of Nigerian-owned shops in Ghana must be dealt with decisively - Femi Gbajabiamila, Lagos State needs N1 trillion for reconstruction - Femi Gbajabiamila
Lawmakers in the House of Representatives have assured Nigerian youths that they are committed to make them globally competitive.
This was disclosed by the Speaker of Nigeria’s House of Representatives, Femi Gbajabiamila, on Wednesday.
 In a tweet, which the speaker shared after a meeting with a group of young lawmakers under the aegis of ‘Young Parliamentarians Forum‘, he  reiterated that some of the demands of the youths following the #EndSARS protests would be addressed constitutionally, as part of the decision was to reform the Police, in a quest to accommodate a better Police Force.
On youth empowerment, the Speaker said that a lot still needs to be done, while pointing out that no government had done more than what the present administration has done.
What they are saying
He said, “All of us, every segment of the government, especially the House of Representatives, before the protests took the initiative, debated motions and took far-reaching decisions on the floor. We gave ourselves 30 days, and since then, we’ve been working night and day, especially with the Nigerian Bar Association (NBA).
“We thought the best way to go about it is that we amend the Police Service Commission Act, and that has been done and the report has been concluded and soon, it will be published and be on the floor.
“We are determined to resolve the Academic Staff Union of Universities (ASUU) matter, and if we can resolve two out of three issues, I think we would have gone a long way to help the lecturers who are on strike.
“There’s a bill on vocational education, I think from the 8th Assembly that was even my bill. We’ll pick it up again and pass it to you (Young Parliamentarians Group) to polish it up and add it to whatever ideas you have.”
While speaking on the giant strides by the current administration in terms of youth empowerment, the Speaker said:
“I make bold to say that no government, in Nigerian history from inception, and I stand to be corrected, has put in as much in youth empowerment as this present government.”

Facts don’t lie, a government that has devoted N500bn to youth empowerment every year. There’s Trader Moni, N-Power, and several others, they are all there,” he added.

Gbajabiamila added that the President Muhammadu Buhari’s administration has done a lot about youth empowerment and is ready to do more.


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COVID-19: Ogun orders full reopening of churches, mosques, hotels

Religious centres and other public places have been reopened following the success recorded in flattening the curve of COVID-19.



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The Ogun State Government has ordered the full reopening of churches, mosques, businesses, hotels, and entertainment centres across the state.

This was disclosed by the State Governor, Dapo Abiodun, in a statement signed by his Chief Press Secretary, Kunle Somorin, via the state’s Twitter handle on Wednesday.

Abiodun stated that the religious centres and other public places had been reopened, following the success recorded in flattening the curve of COVID-19.

According to him, the government is aware that many people are just recovering from the economic hardship imposed by COVID-19, as their activities had been affected by the lockdown, while necessary measures had been put in place to combat the pandemic.

He stated, “In the process of rebuilding the economy, the State Government was irrevocably committed to the successful implementation of the “Building our Future Together” agenda, and would ensure everything possible for people to have increased prosperity that would place the State on a sound footing towards continued development.

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“Government would improve on testing, just as it continues to monitor the development and not hesitate to do selective lockdown should there be any flagrant disobedience to the set COVID-19 protocols.”

What you should know

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Governor Abiodun had closed religious centres, businesses and schools in March, as part of moves to flatten the curve of the coronavirus.

He later announced the reopening of only worship centres and schools in August.

Abiodun pegged the number of worshippers for each service at 200, and insisted that services must not exceed one and a half hours.

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Financial Services

CBN reveals framework for the N75 billion Youth Investment Fund

The Nigerian Youth Investment Fund will be funded through the NIRSAL MFB window of the CBN.



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The Central Bank of Nigeria (CBN) has revealed the implementation framework for the Nigerian Youth Investment Fund.

This was disclosed in a publication by the Development Finance Department under the auspices of the Central Bank of Nigeria.

The CBN stated that the Nigerian Youth Investment Fund (N-YIF) would be funded through NIRSAL MFB window, with an initial take-off seed capital of N12.5 billion.

READ: #EndSARS: FG creates new N25 billion Youth Fund, to increase to N75 billion in 3 years

The N-YIF aims to financially empower Nigerian youths to generate at least 500,000 jobs between 2020 and 2023.

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Objectives of the scheme:

  •  Improve access to finance for youths and youth-owned enterprises for national development.
  •  Generate much-needed employment opportunities to curb youth restiveness.
  •  Boost the managerial capacity of the youths, and develop their potentials to become the future large corporate organizations.

Explore Data on the Nairametrics Research Website

What you should know
Recall that on the 22nd of July, 2020, the Federal Executive Council (FEC) approved the sum of N75 billion for the establishment of the Nigeria Youth Investment Fund for the period of 2020 – 2023.
The fund was created to support the innovative ideas, skills and talents of Nigerian youths, and to institutionally provide Nigerian youths with a special window for accessing much-needed funds, finances, business management skills and other inputs critical for sustainable enterprise development.
  • The fund targets young people between the ages of 18 and 35 years.
  • Beneficiaries of NMFB, TCF and AgSMEIS loans, and other government loan schemes that remain unpaid are also not eligible to participate.
  • Individuals (unregistered businesses) shall be determined based on activity/nature of projects subject to the maximum of N250,000.
  • Registered businesses (Business name, Limited Liability, Cooperative, Commodity Association) shall be determined by activity/nature of projects subject to the maximum of N3.0 million (including working capital).
  • The tenor of the intervention is for a Maximum of 5 years, depending on the nature of the business and the assets acquired, of which interest rate of not more than 5% under the intervention shall be charged annually.
  • The Federal Ministry of Youth and Sports Development (FMYSD) will collaborate with relevant stakeholders to identify potential training for training/mentoring.
  • The youths that are duly screened (and undergo the mandatory training where applicable) shall be advised to login to the portal provided by the NMFB to apply for the facility.

READ: CBN raises alarm over fraudulent loan offers, investment schemes with charged fees

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As a huge percentage of youths are engaged in the informal sector, the NYIF will facilitate the transition of informal enterprises owned by youths into the formal mainstream economy, where they can be supported comprehensively, build a bankable track record, and be accurately captured as active participants in economic development.

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