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B2B E-commerce Technology Strategic to Nigeria’s Economy Diversification – Alerzo CEO

Adewale Opaleye, the group chief executive officer of Nigeria’s leading business-to-business e-commerce platform, Alerzo, has stated that tech-enabled B2B e-commerce startups will contribute significantly to the diversification of the Nigerian economy, if well-harnessed.
He said e-commerce platforms in the B2B segments are playing critical roles by supporting the manufacturing sector to thrive through the provision of logistic systems and infrastructure such as warehouses and last-mile facilities to enhance inventory movement and make distribution of consumer goods faster.
“With the help of technology, online marketplaces as well as digital payment platforms built in support of the Federal Government’s financial inclusion and promotion of cashless economy,” Opaleye added.
Opaleye’s statement corroborated the Executive Vice Chairman/Chief Executive Officer, Nigerian Communications Commission (NCC), Prof. Umar Danbatta, that technology has significantly impacted Federal Government’s economy diversification policy.
Danbatta had said at an event in Abuja recently that e-commerce was an important stream of technology revenue that has improved the national Gross Domestic Product (GDP). He stated that an estimated 76.7 million Nigerians shop online with expected rise to 122.5 million by 2025.
While welcoming the impressive performance of the technology sector as encouraging, Opaleye said B2B platforms would continue to be pivotal to the growth of the manufacturing and informal retail value chain as a major driver of the e-commerce system.
He said as the technology frontiers expand, many more Nigerians would migrate online for shopping and adopt digital payment platforms because of convenience while the national economy would grow stronger.
Speaking on his firm’s strategic roadmap for the growth of B2B e-commerce in Nigeria, Opaleye stated that among the numerous solutions put in place by Alerzo is ownership of more than 400 vehicles and 40 warehouses across Nigeria to ensure goods get to the consumers in all the cities, towns and villages across the country faster by delivering to the retailers at no extra cost.
‘‘Alerzo is Nigeria’s an indigenous tech startup focused on bolstering the growth of the informal sector in Nigeria. We are a strategic company, so we have created an end-to-end cocoon in the B2B ecosystem by serving the critical need of the niche Factory-to-Retail distribution segment to deliver fast moving consumer goods to retailers in different cities across Nigeria.
‘‘Our over 40 warehouse facilities and 400 vehicles ensure goods are delivered to the retailers even in hard-to-reach locations, free of charge. The creation of proprietary infrastructure and provision of bespoke digital products such as Alerzoshop, Alerzopay, Veedez among others are ways we are promoting the growth and profitability of informal retailers and micro businesses,’’ he said.
Opaleye further stated that through Alerzopay PoS terminals, informal traders are empowered with a new stream of income, in addition to the ease and profits they get as subscribers on the e-commerce platform, while investment in owned fleet and warehouses ensure deliveries are done within four hours of order.
He also disclosed that through geo-mapping of coverage areas, the company has developed softwares to provide banking solutions to customers, one of which is Veedez app that supports micro, small and medium enterprises (MSMEs) with easy-to-use bookkeeping and inventory tracking systems.
News
SEC Probes Ponzi Scheme Linked to FF Tiffany

The Securities and Exchange Commission has revealed plans to commence investigation into the activities of an entity operating under FF Tiffany, allegedly running a fraudulent investment scheme that has defrauded citizens.
A statement by the SEC on Tuesday in Abuja said preliminary information revealed that the scheme, which promised investors unusually high and unrealistic returns, had resulted in the loss of several billions of naira.
The SEC said it viewed the activity as a threat to investor confidence and the overall integrity of the financial system.
The commission assured the public that it was working closely with law enforcement agencies and other relevant bodies to bring everyone involved in the unlawful operation to justice.
According to SEC, those found culpable will be prosecuted in accordance with the Investment and Securities Act and regulatory provisions.
SEC reiterated its earlier warnings to the general public to desist from engaging in Ponzi or unregistered investment schemes that promised guaranteed or exaggerated returns.
“These schemes are not registered with the SEC and do not offer investor protection under the law.
“The commission is currently investigating 79 schemes and will make a statement on its findings at the conclusion of the investigation,” the SEC said.
The commission encouraged investors to conduct due diligence and verify the registration status of any investment firm or product by visiting the SEC website or contacting the commission directly through official channels.
SEC said it remained committed to its mandate of protecting investors, ensuring fair practices, and maintaining confidence in Nigeria’s capital market.
News
US Launches ‘Window on America’ @ Ogun Tech Hub

The Ogun Tech Hub in Abeokuta, Nigeria received a significant step towards increasing digital access and empowering young people as US Embassy in Nigeria launched the ‘Window on America’ facility.
The newly opened centre will offer free high-speed internet, computer access, and targeted programs to help young Nigerians build essential skills in technology, entrepreneurship, and leadership.
In a post on X (previously Twitter), the US Embassy described the hub as a modern ICT and resource centre meant to promote digital inclusion and provide youths with skills.
“Hello Abeokuta! We’re thrilled to announce the opening of the Ogun Tech Hub Window on America. This dynamic space offers free high-speed internet, computers, and programs to help young people gain tech, leadership, and entrepreneurial skills,” the Embassy wrote.
The facility was established in collaboration with the Ogun State and GFA Technologies, a software solutions provider for startups and SMEs.
The Embassy said the facility is part of its wider network of 29 American hubs across Nigeria, designed to empower youth and broaden access to global knowledge and opportunities.
Speaking during the launch, Ogun State governor Dapo Abiodun urged young people to use the ICT industry for self-sufficiency and competitiveness globally.
He lauded the program as a public-private cooperation that connects Nigerian youngsters with global innovations.
The governor said: “The Ogun Tech Hub serves as a collaborative space for technologists, startups, and social entrepreneurs to develop tech-driven solutions for societal challenges. The partnership is aimed at positioning Ogun State as a leading tech hub in Africa, supporting creative problem-solving and commercial innovation.”
With the ‘Window on America’ program fully operational, Ogun State is well-positioned to boost youth empowerment and digital literacy.
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