ITRealms:
Yudala is Nigeria’s acclaimed
first true composite online and offline retail chain.
Speaking via online
chat the former Head of Management Information System (MIS) at Chevron, said,
Yudala is a movement in e-commerce and offline retail business orchestrated by
distinguished professionals from various nationalities and spheres of business.
ITRealms recalls that
Yudala recently launched its annual Neighbour to Neighbour Mega Deals promotion
from September 21st till October 2nd, with thousands of
enthusiastic shoppers trooping online and to the Yudala stores to take
advantage of the mouth-watering deals and extended payment terms for
individuals, cooperatives, corporate organizations, educational institutions
and government establishments.
“Yudala is structured
to dictate the pace and within one year of our existence, Africa’s digital commerce
and offline divisions would have had a handshake on the delivery of quality
products and services that Africans wished for, paid for and rightly deserve. We
shall continue to unfold our innovative products and services for the benefit
of all Nigerians, including government establishments, co-operatives, corporate
bodies and individuals. Yudala is possibly the first true investment platform where
professional Africans in the Diaspora, foreign business partners and other
Nigerian-based major corporate players have come together in a well-structured
business and with huge funds to invest. This is why we must roll out across
Africa,” he said.
Mr. Ojo also
disclosed that Yudala is focused on creative employment for thousands of
Nigerians and Africans by extension through its entrepreneurial scheme known as
YUBOSS.
“The launch of YUBOSS
will reveal a little bit of our corporate philosophy. YUBOSS is a league of
emerging entrepreneurs who want to be their own bosses. Through YUBOSS, we are
offering people a chance to become millionaires without investing a dime. We
have test run the scheme for one month and I can confirm that a young lady, one
Mrs. Tina George who stays close to our office was paid over a N100, 000
commission (dala) last week for a 10 day effort in selling from our inventory.
Her only investment was her commitment. This is the way new economies are
built.
“With Yudala, there
will be many millionaires in Nigeria in the next one year. We estimate millions
of Nigerians will join this scheme by the time we officially roll it out next
week. I assure you that your wives, brothers, sisters, students, the
unemployed, under employed, etc. will be a part of this scheme which will reduce
pressure on families. Everyone will earn income and hardworking students will
be able to see themselves through school without outside assistance.
“Though still based
in America, myself and Mallam Farouk Mohammed, former OPEC Executive Management
member, represent majority investors on the Yudala Board and I can confirm that
we are not in a hurry for huge profit. This is why we are mandated to partner
with Yudala employees.
“The Yudala strategy
is profit sharing with all employees and another reasonable percentage will be
dedicated to support charity organizations in every country we do business in.
Every investor in Yudala voted for this and our consultants are working out
modalities based on each country’s tax structure. We are therefore not here to
exploit Nigerians and fly profit out of the country since majority shareholders
are Africans.”
When asked what
percentage of Yudala annual profit will go to staff, Mr. Ojo revealed that a substantial
figure has been agreed for this in line with the desire for quality human
capital to deliver on shareholders’ expectations.
“Our bond with staff
does not end with profit sharing but shall continue with our listing on the Stock
Exchange and beyond. We are a company with assets and not just an e- commerce
platform and that is why we have a composite structure. We have presently
rolled out 13 stores nationwide in seven weeks with great retail ambience like
no other at the moment and I can assure you by this time next year, we would have
reached the 50 store milestone with same standards.
“We are here to
dictate the pace and in line with this, we will review our market influence
with the Press in the next one year. It is important to mention that our
strategy is 21st century focused and completely different from what
currently exists in the sector,” he concluded.
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Pix: Sam Ojo
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