The Chairman of Yudala, Nigeria’s composite online and offline retail chain, Mr. Sam Ojo, has said that the company is set to hit the N500m mark in its daily transactions by the second half of 2017, going by the huge expansion drive and multi-platform offerings being introduced.

He spoke to journalists on the sidelines of the formal launch of Guild of Corporate Online Publishers, in Lagos. Ojo, a strategic technology consultant and one-time Chevron Nigeria Head of Management Information System, said that Yudala strategy was a game- changer, which was 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 redefine the retail sector in Nigeria and even beyond. Going by the turnovers being recorded now, both from the online and offline divisions, I can confirm to you that Yudala will definitely hit a minimum daily transaction figure of N500m by 2017.

“Ours is a business model that is being driven by cutting-edge technology, a pool of distinguished professionals who have proved themselves in various business lines as well as a core backbone of investors who see Africa and Nigeria in particular as a prime investment destination,” he said. He added, “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 marketplace and this is one of the reasons for the confidence in the business. ” When pressed on further details of how the company plans to achieve the target of N500m in its daily transactions, Ojo said at the moment that the management and board of Yudala were keeping the winning strategies close to the chest for obvious reasons.

He, however, said that the company’s road map made 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 organisation.

“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,” he said. 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. “The challenge of unemployment is one that cannot be solved by government alone. In view of this, we are supporting the Federal Government’s vision of creating jobs for Nigerians through the YUBOSS scheme. “YUBOSS offers a zero investment platform for many to earn money and ultimately become their own bosses and through this, we will certainly create many millionaires in the next one year,” Ojo added.

With its headquarters in Nigeria, Yudala, which means ‘best wishes’, ‘peace of mind,’ and ‘prosperity’ is said to have carved a niche for itself by being the first organisation to combine a real-time online shopping platform with offline stores located in major cities across the country, with further expansion into other major African capitals.

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