'Yudala will hit N500m daily transactions by mid-2017' - chairman

folarin okunola

November 16, 2015 12:39 PM

Ojo stated that this projection was made based on the huge expansion efforts and multi-platform offerings being launched to aid the growth of the company.

Sam Ojo, Yudala Chariman, with a guest at a Yudala store launch

Chairman of composite online and offline retail chain, Yudala, Mr. Sam Ojo, has projected that the company will hit N500 million in daily transactions by the second half of 2017.

According to Nigeria CommunicationsWeek, Ojo stated that this projection was made based on the huge expansion efforts and multi-platform offerings being launched to aid the growth of the company.

“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 turnovers 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 N500m by 2017,” said Ojo according to the report.

READ: Composite retail chain to use drones for door-to-door deliveries

Speaking to journalists at an evet in Lagos recently, Ojo added, “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.”

Few months ago when Yudala launched its operations officially, the company’s website crashed due to the amount of traffic it was getting. Yudala is a first of its kind eCommerce retail platform that combines online stores with offline physical stores.

folarin okunola