Save Austin Fair Yudala banner
Yudala, a company to watch — Chris Uwaje

By News Express on 27/04/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 509

•Former ISPON President, Dr. Chris Uwaje.
•Former ISPON President, Dr. Chris Uwaje.

Dr. Chris Uwaje, former President, Institute of Software Practitioners of Nigeria (ISPON), in an interaction with young technology students has disclosed that e-commerce company Yudala has the potential of breaking the boundaries of the Nigerian stock market in the next few years, given its strategic positioning and futuristic combination of online and offline in the Nigerian e-commerce industry.

According to Uwaje, the remarkable achievements and disruptions by Yudala, a fledgling start-up launched at a time the Nigerian economy entered the current recession, makes it a company to look out for in the business space.

He said: “Yudala’s achievements should instruct you to anticipate a golden future for your tech-savvy generation. It is important you think outside the box and innovate like the founders of Yudala have done.

“Today, the centre of gravity of the digital knowledge domain resides in understanding the chemistry of IT and Software Development Ecosystem. Humanity today, lives in a ‘Software-first’ world, where innovation, bold and disruptive creativity have become the centre of gravity of life and significance of human existence where over 3.6 billion people are connected to the Internet, making e-Commerce the ultimate game-changer.

“For example, the Internet of Things (IoT) is projected to connect about 50 billion devices by 2020 at an estimated market value of about $19 trillion USD.  In my professional evaluation, this represents the most constructive, disruptive, and strategic pathway to Africa’s future.  A future dictated by technological know-how and where Nigeria must take the lead and protect her survivability. Our future resides in the mastery, application and sustainable control of our intellectual capital. This is why Yudala has become the most creative and potent milestone in the innovation landscape and a company for major case study in 21st century.

“I encourage you to increase your passion for the technology sector and fuel your hunger to achieve because technology leaders are global citizens. A company like Yudala is essentially a technology company founded on a strong technology backbone, sound human capital and a clear duplex retail roadmap. The company’s impressive strategies and sustained market relevance even where others have failed, is a pride to the nation and I would not be surprised if the company becomes the biggest company on the Stock Exchange in the nearest future.

“If the Yudala business was launched by a white man, it would have been lauded to the high heavens and would have certainly diminished the intellectual confidence of the average Nigerian. So we must take pride in this purely Nigerian company which I hear, was founded by a 23-year old Nigerian.”

Taking the students down memory lane, Dr. Uwaje, a former President of the Association of Telecom Companies of Nigeria (ATCON) and distinguished Fellow of the Nigeria Computer Society (NCS), recounted the impacts of notable personalities whose actions helped shape the developments in the Nigerian technology industry. Charging them to study the Yudala strategy, he noted that today’s youth are better placed to surpass the achievements of the older generation.

His words: “When you consider the trajectory of the Nigerian technology sector; our generation started small as we did not have the kind of exposure you have today. People like myself, Chief Don Etiebet and Leo Stan Ekeh, among others, did our best to lay the foundation but your generation is better placed to achieve so much more within a shorter period. You have the tools, access to knowledge and required exposure.

“If the Management eventually decides to go public as was widely published some time ago, I think Yudala has the potential of becoming one of the most valuable companies on the Nigerian Stock Exchange in the near future. And I am sure a lot of you would create even bigger companies and this shall resolve the unemployment challenges, branding issues and stronger future of our nation as a true member of the global community.”

Speaking further, Uwaje called on the Federal Government to see reasons for it to throw its weight behind sterling start-ups in the technology sector such as Yudala in line with the huge potential of the sector as a major employer of labour.

“The problem is for the Government to realise the importance of the ICT sector as a mass employer of labour and support the growth of companies in the sector.

“The current economic recession has taken a huge toll on businesses, with many of them having no choice than to embark on staff cuts or retrenchment. Many companies in the ICT sector have helped to reduce the burden of many families as they not only employed a lot of Nigerians but also refrained from mass sacks throughout this period.

“Companies such as these should get special concessions from the Government as a means of encouraging them to do more. These concessions could be in form of tax holidays or other waivers. This is one way of promoting the spirit of entrepreneurship in Nigeria as the success of a well-structured business holds positive signs for the growth of the Nigerian economy.”

Source News Express

Posted 27/04/2017 12:24:13 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Anambra Guber: Peter Obi wins polling unit •Counting...

NPA boss assures safety of vessel on Nigerian...

Customs vows to eliminate smuggling of frozen poultry...

Cool your temper, Nigerians; May 29 remains handover...

Nnamdi Kanu: Buhari’s reason for disobeying court order...

Nigeria’s democracy unique, says U.S. Envoy

Corruption: Ensure adequate protection for whistle-blowers, stakeholders urge...

REIGN OF TERROR BY ONITSHA REVENUE COLLECTORS •CLO’s...

Nigeria, 3rd poorest country in the world, World...

Alarm bells ring as KILLER POTHOLES SPRING UP...

We’ll overcome evil people —Edo Commissioner for Oil...

Shut NNPC Depot in Abia Bounces Back, Re-opens...

 

Latest News 3 policemen dismissed for drug trafficking How to reduce cancer risk — Expert Christmas: Ugwuanyi declares free transportation for Enugu indigenes nationwide Nigeria, 69 other countries adopt statement on e-commerce •Japan announces $300m for ICT infrastructure in developing countries Firm to flood market with local rice Shell rewards energy entrepreneurs at Accelerator event INVESTIGATION: How financial gap, non-enabling business environment ruin Nigeria’s MSMEs Dickson’s government to display scorecard on 6th anniversary: Commissioner Otukwu laments widespread ritual killings, other vices; charges Nigerians to fear God Pro-Buhari group flays calls for sack of VON DG Shooting of Bayelsa female journalist: NUJ urges Govt., Police to check proliferation of arms Cut the risk: how to diversify your investments

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (301,073 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (285,927 views) Shameless Genevieve Nnaji exposes breasts in public (230,587 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (193,527 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (183,507 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (170,231 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (147,253 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (132,609 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (130,641 views) Lagos plane crash: Journalist releases victims’ names (119,106 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (115,542 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (112,246 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,820) Business Verdict (28) Columnists (777) Complaints & Requests (94) Enterprise & Opportunities (195) Entertainment (420) Features (523) Global Business Monitor (194) International (1,690) Interviews (138) Live Commentary (28) Love Matters (92) News (30,990) Opinion (845) Pidgin (9) Politics (4,212) Religion (654) Sports (1,381) Stock Watch (25) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

MOBO Awards

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!