…Says it only invites Nigerian investors to join in expanding ShopRite through investments
Shoprite Nigeria has debunked the story spreading around that plans to shut its operations in Nigerian.
This was disclosed by the Country Director for Chastex Consult, Ini Archibong while having a telephone conversation with 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 $30 billion investment and close shop? It doesn’t sound right.
Read also: BREAKING! Retail giant Shoprite to pull out of Nigeria
“We only just give this opportunity to Nigerian 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.
Archibong said this to clear air on our earlier report that it has begun a formal process to consider the potential sale of all or a majority of stake in its supermarkets in Nigeria.
