If you could recall, we stated earlier in accordance to reports that Shoprite will be leaving Nigeria. Well, a new update has emerged, precisely from the management stating that it has no plans to leave Nigeria.
According to Ini Archibong, Country Director for Chastex Consult, interviewed by Vanguard;
“Shoprite is not leaving Nigeria.“We have only just opened to Nigerian investors which we have also been talking to just before now. We are not leaving, who leaves over a $30billion invest and close shop? It doesn’t sound right.“We only just given this opportunity to Nigeria investors to come in and also help drive our expansion plan in Nigeria. So we are not leaving.“I have tried to say this as too many people as I can. There should be no panic at all and all of that. There is no truth in that report.”
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