Retail Supermarket Nigeria Limited (RSNL), owner of Shoprite in Nigeria, has announced it will be ceasing operations at Maryland Mall in Lagos.
RSNL chairman Tayo Amusan stated this in a release on Monday.
“We have made the difficult, but necessary, decision to discontinue business operations from Maryland, for now. We thank the surrounding community for years of patronage and loyalty. Our commitment to Lagos state is unwavering and we look forward to providing area shoppers with enhanced shopping experiences in the future,” Amusan explained.
“RSNL is looking to achieve faster growth, have greater impact, and allocate resources, including its workforce (comprising 2,000 workers, 99 percent of whom are Nigerian citizens) to more profitable investments.
“Since acquiring the business in June 2021, we have achieved very impressive, above inflation, growth in sales and are looking to build on that success while continuing our investment in different parts of Nigeria, with the support of our stakeholders.”
Shoprite currently has stores across 11 states and the Federal Capital Territory.
The management said it plans on expanding to other states, creating employment opportunities, partnering with more local businesses and playing a major role in growing the Nigerian economy.