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Redefining supply chain in Nigeria’s retail market space

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Redefining supply chain in Nigeria's retail market space

Redefining supply chain in Nigeria’s retail market space

By Olorunfemi Adejuyigbe

Redefining supply chain in Nigeria's retail market space

 

There is hardly a neighbourhood in the country where a retailer is not found and a vacuum automatically gets created in the absence of a formal retail store on any street.

The retail business is growing with the redefinition of how supply meets demand. Most recently, retailers need not worry on how to restock their stores with groceries as technology is being deployed by fast rising business to business (B2B) firms.

 

 

 

 

 

 

 

This evolution is bringing more fulfilment to retailers, wholesalers, manufacturers and these tech firms that play the middleman role with their services readily accessible online and offline.

A micro business owner, Aliyu Bala Idala in Kano is happy that Alerzo, a B2B e-commerce firm goes the extra mile by offering free delivery of goods he orders.

 

 

 

 

 

 

 

 

He shared:”I do buying and selling in Kachachi market, a local government in Kano. I sell provisions and food items at wholesale prices. I have been running this business for the past 10 years. We give glory to God that I have been doing business with Alerzo for the past two years and I am happy doing business with them.

“In the past, we usually wouldn’t get goods delivered to us. We would go round the markets buying from one shop to the other. But now we don’t go through the stress of going to the markets; we order what we want and they deliver to us at our shop. This is a big achievement for Alerzo.”

 

 

 

 

 

 

 

 

Not only that he and other traders get his goods delivered at the right time for free by Alerzo, he added that Alerzo empowered them with PoS machines, “We enjoy making use of the PoS. It helps in our daily dealings with customers.

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GGAN Lauds President Tinubu, Kyari’s Reforms on Food Security

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***Says Decrease in Prices of Food Commodities Good Sign for a Better Nigeria

 

The Good Governance Advocates of Nigeria (GGAN) has commended President Bola Tinubu and Minister of Agriculture and Food Security, Abubakar Kyari, for their efforts in transforming Nigeria’s agricultural sector.

In a statement signed by its national president, Comrade Gideon Unazi, the group hailed the administration’s commitment to driving economic growth and positioning Nigeria as a key player in regional and global food markets.

According to Unazi, the country’s gradual shift from subsistence farming to a robust agribusiness ecosystem is a significant step towards empowering farmers and fostering private sector-led growth.

He noted that the declaration of a state of emergency on agriculture, temporary suspension of tariffs on imported grains and essential food items and other reforms have yielded positive results.

Unazi added: “The collaboration with international development institutions such as the African Development Bank, the World Bank, and the Japanese International Cooperation Agency (JICA) has also been instrumental in driving growth in the agricultural sector.

“The lifting of the ban on importation of food across land borders, the firming up of the Naira, and the reported pausing of bulk purchase of grains that UN and US agencies distribute to IDP camps have all contributed to the recent decline in food prices.

“The election of Kyari as the Vice Chairman of the Governing Council of the International Fund for Agricultural Development (IFAD) is a testament to Nigeria’s leadership in global agricultural transformation.

“This recognition is a clear indication that the country is on the right path towards achieving food security and sustainable agricultural development.

“The Ministry’s efforts to distribute over 2.1 million bags of fertilizers to farmers and provide food aid to flood-affected communities have been particularly noteworthy. These initiatives have not only improved agricultural productivity but also provided relief to vulnerable populations.”

Unazi said the recent decline in food prices is a significant achievement and proof of the Federal Government’s efforts, with prices of some grains crashing by as much as 40% in the past month.

The statement stated: “The recent decline in food prices is a significant achievement, with prices of some grains crashing by as much as 40% in the past few weeks.

“The prices of beans, yam, rice, tomatoes, and garri have all declined, ranging from 10% to 70%. This trend is expected to continue, bringing relief to millions of Nigerians who have been struggling with high food prices.

“According to reports, the prices of major raw food items have declined significantly. Aljazeera reported that the prices of some grains crashed by as much as 40% in the past few weeks.

“BusinessDay highlighted a noticeable fall in the prices of beans, yam, rice, tomatoes, and garri, ranging from a decline of 23% for imported rice to 70% for tomatoes.

“The GGAN wishes to commend President Tinubu and Kyari for their leadership and vision in driving growth in the agricultural sector. We urge the administration to continue its efforts to drive economic growth and reduce poverty.

“We also call on all stakeholders to support the government’s initiatives aimed at achieving food security and sustainable agricultural development. With the current trend of declining food prices, we are optimistic that Nigeria is on the path to becoming a food-secure nation.”

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Between Primate Ayodele and Sacked NNPC Boss, Mele Kyari, Who Laughs Last?

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Between Primate Ayodele and Sacked NNPC Boss, Mele Kyari, Who Laughs Last?

By Shina Dayo

 

“Primate Ayodele may have taken sides in the ongoing misunderstanding in the nation’s hydrocarbon community. Using his platform to rally support for the oil cabal, he sends message to the President, who was not visible in his vission in 2023. Fortunately President Tinubu knows Primate Ayodele better than Kyari”, these were the words of Olabode, one of the defenders of the sacked NNPC Boss, Mele Kyari when Primate Ayodele told President Tinubu to sack him for incompetence.

Primate Ayodele had in August 2024 called on President Tinubu to replace the NNPCL Boss, Mele Kyari, due to the issues in the oil sector. The prophet had said that if President Tinubu doesn’t replace him, Nigeria’s oil sector will continue to be disorganized, and a continued crisis in the oil sector would lead to protests against the government.

These were his words:

“One of the major important things Tinubu should do if he wants to see the prayers of Nigerians. He should sack the GMD of the NNPC. If it is possible, he should be sacked before the end of this month; otherwise,another big protest is coming. This protest can sack Tinubu and can make Tinubu’s government ungovernable. If he doesn’t do this urgently, Tinubu would put himself into the hot pot. Sack the NNPC. There is a lot of rot in the NNPC. Protest not yet over. I’m seeing another protest that would seize the economy for 120 hours.”

This statement, which was contained in a video that went viral obviously didn’t sit well with the camp of the sacked NNPCL group CEO and in retaliation, they began to sponsor several publications against Primate Ayodele.

Among some of their publications were cooked up lies against the personality of the prophet, calling him different unprintable names, referring to him as one whose clients are oil bunkerers, twisting his past prophecies just to say they didn’t come to pass, and all sort of things.

Even when some followers of the prophet debunked some of their lies against the man of God, individuals in the camp of Mele Kyari went all out, paying several blogs to peddle false stories against Primate Ayodele. They even warned him to desist from mentioning Mele Kyari in his prophecies, but Primate Ayodele didn’t flinch.

Instead of listening to their rants, Primate Ayodele continued to warn President Tinubu to sack Mele Kyari, not because of personal issues but in the interest of Nigeria and what God has told him about the administration of the NNPCL boss. Due to his continued clamour for Kyari’s sack, his ‘boys’ thought the prophet had any relationship with oil cabals in the country, they tried to investigate him but found absolutely nothing. The prophet was only doing his job as God’s mouthpiece in the country.

One would have thought that as he advised President Tinubu to sack Mele Kyari, they would have at least sought spiritual guidance on how they can make things right for the good of Nigeria’s oil sector in order to avoid the embarrassment of being removed from office but rather, they started boasting of how the President will not listen to Primate Ayodele, listing the achievements of Mele Kyari including those that didn’t even benefit Nigeria, they were saying all sort of things to discredit Primate Ayodele.

However, months after, Mele Kyari has now been sacked by President Tinubu, alongside all members of the NNPCL Boss with replacements announced immediately.

I have just one question for the Mele Kyari’s camp, where has all the boastings now gotten them to? Primate Ayodele remains a major prophetic voice in Nigeria but what has Mele Kyari become? A sacked NNPCL Boss who may even face more persecutions. If there’s one thing these folks need to take away from this issue is the fact that pride goes before destruction.

“He who laughs last laughs longest”

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STERLING BANK LEADS PROTEST FOR REMOVAL OF BANK TRANSFER CHARGES

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STERLING BANK LEADS PROTEST FOR REMOVAL OF BANK TRANSFER CHARGES

 

LAGOS, NIGERIA – In a landmark move that sets a new benchmark for customer-focused
banking in Nigeria, Sterling Bank has championed the cancellation of bank transfer fees by major banks, announcing it will no longer take any money for itself for any local online transactions by its customers.

The announcement, made on April 1st, initially sparked widespread arguments, with many
assuming it was a marketing prank tied to April Fools’ Day. However, Sterling has confirmed that this is no stunt: the zero-transfer-fee policy is real, and effective immediately.

With this move, Sterling becomes the first major Nigerian bank to take a definitive stand against the long-standing practice of charging customers for everyday digital transfers, an issue that has grown increasingly contentious as digital banking adoption deepens.

“We believe access to your own money shouldn’t come with a penalty,” said Obinna
Ukachukwu, Growth Executive leading the Consumer and Business Banking Directorate. “This is more than a financial decision, it’s a values-based one. It reflects our commitment to making banking fair, inclusive, and truly customer focused.”

“We’re not yet the biggest bank in Nigeria, but we’ve been the boldest,” Ukachukwu added. “Sterling fearlessly believes in the future of Nigeria, and this is us backing Nigerians with more than words.”

Under the new policy, Sterling customers will enjoy free transfers for all local transactions
conducted via the bank’s mobile app. This translates into significant savings, particularly for individuals and new small business owners who make frequent daily transfers.

This customer-first orientation is not new for Sterling. During the COVID-19 pandemic, the bank stood out by providing supplementary payments to healthcare workers in public hospitals—at a time when few others were willing or able to offer additional support. From that moment to now, Sterling has continued to redefine what it means to be a responsible and responsive institution.

The bank’s latest move has been met with widespread public approval, sparking positive
reactions across social media and placing pressure on industry peers to follow suit.

We’re proud to lead this change,” Ukachukwu added. “We hope it inspires others to think
differently about what customers truly need from their banks, not just in services, but in values.”

Online communities were not excluded as WhatsApp Nigeria lit up with viral broadcasts as users forwarded the news across various groups, including one from a prayer circle that read: “Please my good people this is not a joke!!! Sterling Bank has just shocked Nigeria today o!! My neighbour Justina just transferred N100k and no charges!!! God bless Sterling Bank!!”. The message quickly gained traction, sparking massive public interest and mounting pressure on other banks to follow suit.

Sterling’s zero-fee policy is part of a broader strategy to transform the customer experience and deliver transparent, ethical banking solutions at scale.

 

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