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Real Truth About Viral Shoprite Exit From Nigeria News

The news that welcomed us into August was the exit of Shoprite from Nigeria due to the economic effect of the lockdown in the country but before you read further, the viral news is fake!

Shoprite has come out to debunk the news and clear the air on the rumors surrounding its establishment.

The South African owned retailer, through the country director for Chastex Consult, Ini Archibong disclosed that the rumors are untrue but Shoprite is welcoming new Nigerian investors who are interested in joining the business.

Currently they are in talking terms with a number of potential investors which they did not disclose but that is as far as it gets, they are staying in Nigeria.

“We only gave this opportunity to Nigerian investors to come in and also help drive our expansion plan in Nigeria, so we are not leaving”
A number of other south African owned stores that were present in Nigeria like Mr price, Truworths Left Nigeria a while back but shoprite are confident that they are not leaving their $30 billion Nigerian investment to go back to south Africa rather they foresee an expansion.

Shoprite boast of being the largest retailing company residing in Nigeria, since it’s entry into the Nigerian market in 2005, they have been expanding, they have over 2000 employees with retail stores across different states in the nation.

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