Grocery Retail Giant, ShopRite Nigeria has debunked the story making the rounds that it intends to close shop in Nigeria.

Recall that several news outlets including Newsbreakers reported that Shoprite is set to end operations in the country after 15 years. Several Nigerians also reacted to the news as it became a trending topic on social media. The company, in its operational and voluntary trading update, had said, “Retail Supermarkets Nigeria Limited may be classified as a discontinued operation when Shoprite reports its results for the year.

However, the Country Director for Chastex Consult, Ini Archibong, in a telephone conversation with Vanguard, debunked the rumours. According to him, the company was only trying to give opportunities to Nigerian Investors.

He said, “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 investment and close shop? It doesn’t sound right.”

He added, “We only gave 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 to many people as I can. There should be no panic at all and all of that. There is no truth in that report.”

 

Also Read: PDP Slams Gov Abiodun for Asking Ogun State Students to Pay #25,000 for COVID-19 Test

Hits: 2

ALSO READ  Why Nigerian stocks are rising