‘E-Commerce Has Potential to Break Stock Market Boundaries’

The emerging e-commerce market has been described as a platform with strong potential to break barriers of all existing trades, including the stock market.

Director General, Delta State Innovation Hub (DS IHUB), Mr. Chris Uwaje, who made the disclosure at a recent interactive forum with technology students, said he was particularly thrilled by the energy and innovation with which Yudala stormed the e-commerce market last year, and explained that Yudala, among other e-commerce platforms, 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 fledging 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.

“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,” Uwaje said.

He therefore 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.

Uwaje who is the former President of the Institute of Software Practitioners of Nigeria (ISPON), said: “Today, the centre of gravity of the digital knowledge domain resides in understanding the chemistry of information technology (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. In my professional evaluation, this represents the most construc- tive, 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.