THE Chairman of Yudala, Nigeria’s first true composite online and
offline retail chain, Sam Ojo has disclosed that the company is set to hit the
N500 million mark in its daily transactions by the second half of 2017,
going by the huge expansion drive and multi-platform offerings being
launched.
Speaking to select journalists
on the sidelines of the formal launch of Guild of Corporate Online Publishers
(GOCOP), a non-governmental organization founded to promote credibility and
accuracy in online journalism in Lagos, Ojo, a strategic technology consultant
and one-time Chevron Nigeria Head of Management Information System, noted that
Yudala strategy is a game-changer which is set to usher in unprecedented boom
in the e-commerce and offline retail sector in Nigeria.
“By virtue of its model,
Yudala is strategically positioned to dominate and re-define the retail sector
in Nigeria and even beyond. Going by the turn-overs being recorded at the
moment both from the online and offline divisions,
I can confirm to you that
Yudala will definitely hit a minimum daily transaction figure of N500 million
by 2017. Ours is a business model that is being driven by cutting-edge
technology, a pool of distinguished professionals who have proven themselves in
various business lines as well as a core back-bone of investors who see Africa
and Nigeria in particular as a prime investment destination.
“As I speak with you, we are
further expanding the pipeline of our offerings and putting in structures and
processes which will see Yudala take its rightful place as the undisputed
leader in the sector. We are yet to see even a quarter of what Yudala stands to
offer in the market place and this is one of the reasons for the confidence in
the business,” he stressed.
When pressed on further
details of how the company plans to achieve the target of N500 million in its
daily transactions, Ojo affirmed that, at the moment, the management and board
of Yudala are keeping the winning strategies close to the chest for obvious
reasons. He, however, noted that the company’s road-map makes it a business to
look out for.
“At Yudala, our road-map is crystal clear.
Our mission is to continue to
dictate the pace with innovative products and services which will offer the
average Nigerian value for money while improving the quality of their lives. It
is worth reiterating here that we are also a socially responsible organization.
This informs the decision
behind the setting up of the YUBOSS scheme which will go a long way in reducing
the burden of unemployment in the country.”
According to him, through
YUBOSS, Yudala is offering millions of Nigerians a platform to create and
sustain wealth with no form of investment on their part.
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