CEO & Co-Founder, Tradedepot
Search every verified Onyekachi Izukanne interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Onyekachi Izukanne, CEO and co-founder of TradeDepot, has described the Nigerian retail market as largely offline, with modern stores accounting for only two to three percent of sales. He stated that the company’s goal is to use technology to reduce supply-chain inefficiencies for informal retailers, who he said represent the majority of the market. Izukanne noted that TradeDepot provides a mobile B2B platform that allows retailers to order goods via an app, WhatsApp, toll-free lines, or USSD, and that the company also offers working capital financing based on transaction histories, reporting a 97% repayment rate in pilots. Izukanne said TradeDepot began operations in August 2015, initially focusing on milk distribution with a large dairy distributor. He added that the company has since worked with organizations such as PSI and is building relationships with consumer goods companies including Coca-Cola. He described the company’s vision as becoming the default B2B supply platform for retailers in the consumer goods space, with a focus on creating APIs to enable direct manufacturer-to-retailer supply.
“The Nigerian retail market is estimated to be worth about $105 million, but modern stores account for just two to three percent of that — most people still buy from neighborhood mom-and-pop stores.”
“Our focus is to put the power of e‑commerce in the hands of these retailers and to make getting access to the goods they need for their stores as simple as a typical e‑commerce transaction.”
“You have between 1.1 and 1.2 million retail stores across the country which are largely independent and serviced by a very fragmented distribution layer — the result is products at those stores are bought at higher prices than they could be.”
“Modern trade stores — stores like Shoprite, SPAR and the bigger supermarkets and hypermarkets — account for two to three percent [of retail sales].”
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Watch Onyekachi Izukanne, Co-Founder, Tradedepot give a brief summary of the startup, Tradedepot. ____ With Tradedepot, you get your products to retailers, effectively and also automate your entire route-to-market, eliminate tedious reconciliation and get products to consumers faster. To know more, visit https://www.tradedepot.co/
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