Yudala to produce millionaires through Yuboss
The Chairman of Yudala, Nigeria’s first true composite online and offline retail chain, Sam Ojo has revealed that the company will focus on creative employment for thousands of Nigerians and Africans by extension through its entrepreneurial scheme known as YUBOSS.
According to him, Yudala is a company to watch in view of its status as a corporate organisation with a conscience. In a chat with the media, he noted that Yudala is a movement in e-commerce and offline retail business orchestrated by distinguished professionals from various nationalities and spheres of business who will continue to unfold our innovative products and services like the recently launched annual Neighbor to Neighbor Mega Deals promotion and now YUBOSS for the benefit of all Nigerians.
“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, Tina George who lives close to our office was paid over a N100, 000 commissions 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”, he disclosed.
“With this, there will be a lot of 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. Everyone will earn income and hardworking students will be able to see themselves through school without outside assistance”, he added.
The Chairman said that the management board of Yudala is not in a hurry for huge profit and that is why they are mandated to partner with employees.
“The 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”, he disclosed.
When asked what percentage of Yudala annual profit will go to staff, 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 50store milestone with same standards”, Ojo explained.
“Yudala is structured to dictate the pace and within one year of 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.”, he concluded.
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