Shoprite’s planned exit creates opportunity for Market Square

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Market Square, for now, has 12 stores around Nigeria and is is the new anchor tenant for the Tropicana Mall, Uyo, Akwa Ibom State, after Shoprite withdrew their interest.

The lettable area in the mall has been increased from its initial 5,000sq to about 9,800sq, through the renovation and remodeling of the complex.Local businesses in Uyo – like Jossy Furniture, Quenthall Pharmacy, Oliver Tweest Food, ShadeCover, and the Choice Mall – have signed up for the shops.

Gabriel Ukpe, a former employee of PricewaterhouseCoopers, who heads a technical committee on foreign direct investments in the state, assured the mall tenants of the state government’s protection against multiple taxation and other forms of exploitation. Even the cinema was not bringing any money into the government coffers, as movie tickets were subsidised by the government and Silverbird Showtime Ltd, the company which operated it, reportedly did not also make any returns to the Akwa Ibom government.

 

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let them go please...we too we are tired of them. let grow our own.

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