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Shoprite says Viral Reports are false, Company is Not Leaving Nigeria

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South Africa-owned Retailer, Shoprite has faulted viral media reports that the organization intends to close down tasks in Nigeria.

Business Elites Africa (BEA) just as numerous National papers prior announced that the megastore may have been hit by the worldwide financial wreck occasioned by the novel Coronavirus – therefore its choice to close shop in Nigeria.

The Country Director for Chastex Consult, Ini Archibong, who addressed Vanguard paper, notwithstanding, said the coursed reports are false.

He stated, “Shoprite isn’t leaving Nigeria. We have just barely opened to Nigerian speculators which we have additionally been conversing with not long before now. We are not leaving, who leaves over a $30billion speculation and close shop? It doesn’t sound right.

“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.

“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.”

The report had demonstrated that Shoprite has been battling with income and that the organization report misfortune continuously quarter of 2019.

Review that Mr Price, Truworths, additionally South Africa-owned retailers left Nigeria a couple of years back. They were said to have thought that it was hard to continue productivity in the nation.

BEA is yet to get official correspondence from the administration of Shoprite Nigeria as our enquiries about the issue have not been responded to.

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