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Women: Major force in Nigeria’s retail sector

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Women: Major force in Nigeria’s retail sector

Women: Major force in Nigeria’s retail sector

By Olorunfemi Adejuyigbe

Women: Major force in Nigeria’s retail sector

 

 

In its report highlighting the impact of women on Nigeria’s economic development, PwC Nigeria, Advisory partner and Chief Economist, Andrew Nevin, indicated that women account for 41 percent ownership of micro-businesses in Nigeria, with 23 million female entrepreneurs operating within this segment.

The strong entrepreneurial spirit of women no doubt makes them a major force in the contribution of the micro business sector to Nigeria’s GDP. 90 percent of Nigeria’s retail market transactions according to reports are estimated to worth $100 billion out of which the food and consumer goods retail market alone accounts for an estimated over $40 billion.

 

 

 

 

 

 

 

Founder and Chief Executive Officer of leading B2B e-commerce platform Alerzo, Adewale Opaleye, once commended the contributions of women to the socio-economic growth of Nigeria. His perspective on the import of women to the micro business segment is inspired by his mother who was a shop owner. He experienced firsthand the challenges his mother, like other shop owners, faced in the running of her business – issues of inventory management, access to capital, logistics and so on – which seemed endless. His subsequent study in China and witnessing how the country used technology in solving similar problems, inspired him to tackle business challenges in Nigeria using the same technology. This was how Alerzo was born.

Today majority of the micro business owners on the Alerzo platform comprise women. The core focus of B2B e-commerce companies like Alerzo is to help micro business owners stock their stores with original and quality products directly from manufacturers and distributors, delivering the products to them free of charge, thus helping them to overcome most of the challenges associated with their business.

 

 

 

 

 

 

 

Micro business owners in general no longer have to deal with most of the issues that affect their profitability and ease of doing business, thereby changing the landscape for them one delivery at a time. With its delivery services, retailers save time, energy, and resources that they would have otherwise expended in restocking. These benefits have resulted in 85 percent of the retailers on the Alerzo platform reducing their two to four times a week restock trips to zero. This is further transforming the businesses of all informal retailers on the platform.

With B2B e-commerce bringing continuous improvement to how retailers, including women, run their businesses, the import of women to the micro business sector and economic growth in general cannot be undermined.

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APC Ondo North Primary: Reports Show ATM in Early Lead

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Reports from the field in Ondo North Senatorial District indicate that voters, officers, and agents at the voting centers across the wards have put Abdul Tunji Mohammed (ATM) in the lead.

According to the current figures collated from the centers, ATM is polling with wider margins of votes

Going by these figures, ATM is poised to win all the six Local Government in the Senatorial Districtt.

We urge all party members and supporters to remain peaceful as collation continues.

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Senate Leader Opeyemi Bamidele Hosts Ondo North Aspirant Abdul Tunji Mohammed, Backs Grassroots Development Agenda

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Senate Leader Opeyemi Bamidele recently hosted Chief Abdul Tunji Mohammed (ATM), a prominent aspirant for the Ondo North senatorial seat.

The meeting highlighted a strategic alignment between progressive forces, with both leaders emphasizing a shared vision for grassroots development and legislative excellence.

Senator Bamidele, a respected figure in Nigerian politics, is recognized for his contributions to national cohesion and impactful policymaking, drawing on his experience as a legal luminary and human rights activist.

Chief Mohammed, an astute businessman and dedicated grassroots mobilizer, has made a notable impact on Ondo North through his philanthropic work and commitment to constituents’ welfare. His approach blends corporate discipline, economic ingenuity, and a deep concern for people—qualities that have reshaped the region’s political narrative.

The two leaders discussed the district’s critical needs, exploring avenues for socioeconomic growth, legislative reform, and stronger community integration. Senator Bamidele stressed the importance of supporting President Bola Ahmed Tinubu’s Renewed Hope Agenda, a sentiment echoed by Chief Mohammed.

The convergence of Chief Mohammed’s vision with Senator Bamidele’s legislative experience offers hope for Ondo North. This synergy between grassroots ambition and seasoned mentorship points to a promising future for the district’s representation in the Senate. With ATM’s drive and the guidance of leaders like Senator Bamidele, Ondo North is positioned for progress and transformative governance.

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2027 Ondo North Senate: ATM secures Backing of Monarchs, Chiefs

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APC Senatorial aspirant for Ondo North, Abdul Tunji Mohammed, popularly known as ATM, received a resounding endorsement on Thursday during a high-profile visit to Ikare-Akoko.

The endorsement came from the Olukare of Ikare, His Royal Majesty Oba Akadiri Momoh IV, the Owa Ale of Ikare, His Royal Majesty Oba Adeleke Adedoyin, and the Ikare Council of Chiefs, who described ATM as a credible son of the soil with the capacity to represent Ondo North effectively at the Senate.

Speaking at the palace, the Olukare commended ATM for his consistent engagement with the people and his track record in business and community development. “We have watched your contributions to Ondo North over the years. You are one of us, and we believe you have the experience and character to speak for our people in Abuja,” the monarch said.

The Owa Ale, in his remarks, stressed the need for unity and quality representation. He urge him to continue the help to the people at home that he’s doing. He urged other stakeholders to support aspirants with proven commitment to the district’s progress, noting that Ikare and Akoko land require strong voices at the National Assembly.

In his response, Abdul Tunji Mohammed thanked the monarchs and chiefs for their blessings and trust. He reaffirmed his commitment to prioritize infrastructure, education, healthcare, youth empowerment, and agricultural development if elected.

“Ikare is central to Ondo North, and your support strengthens my resolve to serve with integrity and results. I will not betray this trust. My campaign will remain issue-based, and my representation will reflect the hopes of our people,” ATM stated.

The visit was marked by prayers, cultural displays, and solidarity from party leaders, youth, and women groups across Ikare-Akoko.

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