International movie streaming platform, Netflix has denied rumours of its alleged exit from Nigeria, emphasizing its dedication to the country’s creative ecosystem.
This came following falsified reports, stating that Netflix exited the West African country due to low patronage and economic conditions.
In a statement to TechCabal, the streaming giant clarified that it remains committed to its Nigerian operations despite speculations fueled by economic challenges and regulatory pressures.
“We are not exiting Nigeria. We will continue to invest in the country’s stories to delight our members,” the company stated.
Netflix, which launched in Nigeria in 2016, has played a pivotal role in bringing local content to a global audience. The platform has supported numerous Nigerian productions, showcasing the country’s rich storytelling to millions of viewers worldwide.
This reassurance highlights Netflix’s intent to maintain its presence and foster growth in Nigeria’s entertainment industry.