Retail Supermarkets Nigeria Limited (RSNL), the operator of the Shoprite franchise in Nigeria, has dismissed reports suggesting the brand is exiting the country.
In a statement issued on Friday, the company clarified that recent observations of empty shelves and temporary closures at some outlets do not indicate an exit but form part of a broader “reset” of its business model.
RSNL explained that it is currently undergoing a turnaround programme, supported by new investors, to adapt to Nigeria’s challenging economic climate marked by exchange rate volatility, rising inflation, and liquidity pressures.
The retailer acknowledged that its previous model—running large-format stores heavily dependent on imports and high overheads—was no longer sustainable. As part of its reset strategy, the company said it will shift focus to smaller, more efficient store formats, strengthen local supply chains with over 80% of products sourced within Nigeria, and introduce affordable private-label options.
The plan also includes measures to improve liquidity management, optimise energy use, and implement cost-saving initiatives across outlets.
RSNL’s Chief Strategy Officer, Bunmi Cynthia Adeleye, emphasised that the restructuring is not a collapse but a strategic reset.
“While it has been a tough period, we are rebuilding Shoprite to be more local, culturally relevant, affordable, and resilient. With the backing of new investors, we will come back stronger to serve Nigerian customers better than ever,” she said.
The company reaffirmed its long-term commitment to Nigeria, pledging to continue serving millions of customers and partners across the country.
