Netflix has officially responded to claims suggesting it is planning to exit the Nigerian market.

Speculation has been rife that the streaming giant is leaving Nigeria due to economic challenges and regulatory pressures. However, Netflix has firmly dismissed these rumors, reaffirming its commitment to its Nigerian operations.

In a statement shared with TechCabal, the company emphasized its dedication to investing in Nigerian stories and delivering content that resonates with its audience.“We are not exiting Nigeria. We will continue to invest in the country’s stories to delight our members,” Netflix stated.

Since its entry into Nigeria in 2016, Netflix has played a pivotal role in bringing local content to a global stage, showcasing the richness of Nigerian storytelling to audiences worldwide.