Shoprite has debunked a report which says that it is preparing to exit Nigeria.
The retail giants are said to be preparing exit plans after its business outside South Africa recorded losses.
Speaking to Vanguard, Country Director for Chastex Consult, Ini Archibong, stated that it only gave Nigerian the opportunity to invest in the company.
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 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.”