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See why Nigeria's economic problems are good for business

09 September 2016, 13:08

Lagos - The Chief Executive Officer of Jumia Travels, Paul Midy, believes that the current recession in Nigeria is good for business, reports Today.ng

He disclosed this while on a three-day working visit to Jumia Travels, Nigeria office.

He said, “The fall in the value of Naira makes it cheaper for people who want to trade with Nigeria and for businessmen and women to travel through Nigeria to other destinations both in Africa and beyond.”

Also read:10 ways to survive the recession

Midy disclosed that in spite of the difficult operating environment occasioned by the recession and rising inflation, this was where the strength of Jumia Group lay.

“We see recession as a short term and mid-term situation but in the long term, Nigeria is still the strongest market with 200 million people.”

Read more at Today.ng

- News24


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