Quote from Ndubuisi Ekekwe on September 15, 2019, 5:01 PM

This is what U.S. Treasury Secretary Steven Mnuchin said about Amazon: "it destroyed the retail industry across the United States."

U.S. Treasury Secretary Steven Mnuchin alleged that Amazon.com Inc. has “limited competition” and harmed the retail industry as the Trump administration announced a broad antitrust review into whether technology companies are using their power to thwart rivals.

“If you look at Amazon, although there are certain benefits to it, it destroyed the retail industry across the United States, so there’s no question they’ve limited competition,” Mnuchin said in an interview with CNBC Wednesday.

Jumia and Konga have a long way to go before the word "disruption" can be used for them in Nigeria.