The Western Metal Products Company has denied reports that it is planning to close its metal products business and exit Nigeria.
WEMPCO indicated this in a statement made available to our correspondent on Tuesday.
Referencing reports in the media about its proposed sale of the Lagos Oriental Hotel and exit from Nigeria, the firm said there had never been and there was no intention of the group exiting Nigeria.
“Our Group has been in Nigeria for several decades and has witnessed many cycles of the Nigerian economy.
“Although the Nigerian economy faces tough times, our firm belief in the resilience of the nation‘s economy remains unshaken and we will continue to develop alongside Nigeria for many decades to come.
“WEMPCO Group of Companies remains fully committed to contributing to the ongoing growth and development of Nigeria.”
Source: Punch Newspaper.
