Nigeria TV Info – Shoprite Nigeria Receives Fresh Investor Backing, Eyes Growth and Local Sourcing

Lagos, Nigeria – Retail Supermarkets Nigeria Limited (RSNL), the operator of Shoprite supermarkets in Nigeria, has announced new investor support, signaling strong confidence in the company’s future and its long-term commitment to the Nigerian market.

In a statement released on Friday, RSNL said the fresh investment provides the capital base to accelerate its turnaround strategy and marks a renewed phase of growth for Nigeria’s leading supermarket operator.

Acknowledging the challenges faced by the wider retail sector in Nigeria, including rising costs and liquidity pressures, RSNL stated that it has implemented measures to address these pressures and is now focused on delivering its turnaround strategy with the backing of its new investors.

As part of this renewed growth phase, the company is meeting past and current obligations to suppliers, strengthening long-standing partnerships, and collaborating with Nigerian entrepreneurs to fully localize its supply chain. RSNL emphasized its priority to ensure customers continue to access affordable, high-quality products.

The company further noted that over 80 percent of its product assortment is already produced locally in Nigeria. RSNL is also driving operational efficiency, introducing affordable private label products, value pricing, energy optimization, productivity improvements, and modern store formats designed specifically for Nigerian shoppers.

This renewed investment underscores Shoprite’s commitment to the Nigerian retail sector and its determination to remain a key player in the market.