American technology giant, International Business Machines (IBM), has denied reports suggesting it has exited the Nigerian market.

Speculation about IBM’s departure surfaced earlier this week, sparking concerns over the company’s long-term presence in Nigeria.

However, in a statement addressing the rumors today, IBM clarified that it remains actively engaged in the Nigerian economy and continues to support businesses, government institutions, and startups through its technological solutions.

“IBM remains dedicated to Nigeria and the broader West African region. Our focus on fostering innovation, driving digital transformation, and upskilling local talent remains unchanged,” a company spokesperson said.

IBM has partnered with Nigerian organizations to provide enterprise solutions and training programs aimed at enhancing the country’s digital workforce.

The company’s reassurance comes at a time when several multinational firms are reconsidering their business strategies in Nigeria due to economic challenges and regulatory shifts.