Economy

KFC Closes Its Operations In Nigeria Due To Low Patronage and Lack Of Profit

Published

8 years ago

February 20, 2017

The branches of the multinational company, Kentucky Fried Chicken, KFC has closed down in Lagos State following incidents of low patronage and profitability. Lagos residents have expressed their displeasure following the recent development that popular fast food chain, KFC, will shut down operations across the State. It was learnt that all KFC outlets in Lagos will shut down operations from tomorrow, Monday, February 20, 2017, except the ones operative in shopping malls due to low patronage and high cost of power.

As a result, KFC Outlets in popular areas such as Ilupeju, Sabo, Ikeja, Ogba and other parts of Lagos metropolis will effectively close with residents unable to have their favourite meal at the outlets.

While one can’t rule out the current economic downturn in the country as a factor leading to the decision by the company, this development has however led to a myriad of Lagosians condemning the economic policies of the present administration in the country.

According to Muyiwa Olumide,

“it is so sad businesses shut down due to low sales and high cost of power.” Another resident, Oluseun succinctly puts his thought as “the industry is so cold.”

Efforts to reach the management of KFC for comments proved futile as at press time. It is however shocking that KFC is shutting down operations at a time when other fast food outlets such as Mega Chicken, The Place, Dominos and more are expanding operations in Lagos.