Business and Economy

Online-offline retail chain, Yudala, targets N500m daily sales

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.

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“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.”

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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.

Bankole Orimisan – Guardian

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