OLX Set To Shutdown Nigeria’s Operations

Rumour has before now been going round the internet about the closing down of the Naspers OLX ‘s operations in a number of countries in Africa, specifically Nigeria and Kenya. Ironically, both countries are two key markets in their region, which is why such an apparent decision by the company to close e-commerce site is a bit surprising.

It seems the OLX Nigerian office has even been closed before now, though we can only boast of little details pertaining the decision. According to Techpoint, the CEO of OLX in Asia, Middle East and Africa confirmed Nigeria’s fate with the following statement:

“We made a difficult but important decision in Nigeria to consolidate our operations between some of our offices internationally.

Our marketplace will continue to operate here — uninterrupted — as it has since 2010, and we remain committed to the many people here who use our platform to buy and sell every month. We continue to be focused on constantly innovating to make sure that OLX remains the top classifieds platform in the country.

Of course, we are committed to helping our affected colleagues during this transition and have already offered them meaningful financial and other support. As we’ve expressed to them directly, we are extremely grateful for their many significant contributions to OLX’s success.”

The notable hint from the above statement is that OLX plans to bring up something new by combining all its operations into a single entity. It is however an unclear statement, with the main point being a shutdown of the West African state’s operations.

Well, expect more from us when we get full update on the story.

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