• Thu. Mar 23rd, 2023

Adewale Opaleye of Alerzo, Other Founders Chart Way Forward for Retail Business in Nigeria


Jul 30, 2022

In line with prom​​oting Nigeria’s retail sector through technology, founders of tech startups, stakeholders and enthusiasts converged for several panel discussions, exhibitions, learning and networking at the Lagos Startup Week (LSW).

The six-day event which was held from July 25 to 30 in Victoria-Island, is the sixth edition and witnessed over 3000 attendees and 100 speakers.

One of the sessions on day four, which centred on ‘Future of Consumers and Consumers Trade (Payment, Retail and Trade)’ had Alerzo Group Founder/Group CEO, Adewale Opaleye; Paystack Startup Programs Lead, Nubi Kay; Klump CEO, Celestine Omin; TeamApt Business Lead, Temitayo Ajao and CEO of BUMPA, Kelvin Umechukwu as panel discussants.

Opaleye noted that the theme of the discussion was very important to talk about as there was a need to encourage retailers to move away from the old way of doing things to embracing technology.

He, alongside the panelists highlighted a number of gaps in the retail sector, which the imploring of technology, collaboration of different tech Startup founders and harnessing of their areas of expertise could help solve.

“At the end of the day we all need partners. We need to come together to achieve great things, we need to consolidate on what each of us has done really well and bring fantastic solutions,” Opaleye pointed out.

The CEO of Alerzo stressed how it is necessary for retailers not to shy away from technology, while narrating Alerzo’s strides in solving the problems in the retail sector, as it owns over 400 vehicles which it uses in delivering fast moving goods (FCMG) to customers.

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Also, how it has geo mapped areas of coverage and helped develop softwares to provide banking solutions to customers.

“Retailers need to move away from the old ways of doing business to embracing technology…To provide a solution to the problem of logistics we ended up doing something unthinkable by buying a fleet of vehicles and owning our warehouses.

“We also developed our software. We do deliveries within four hours of order because we own our entire vehicles. After sometime we noticed that a lot of our retailers go home with cash. So we ended up building bank solutions for our retailers,” stated Opaleye.

On what influenced the logistics aspect of owning a fleet of vehicles and not working with existing logistics firms, Alerzo Group CEO made clear that the tech firm wanted the best for its customers.

He stated: “No one has built efficiency the way we want it so we do delivery in four hours versus other players that do it the next day. That is a very key factor for us and as we scale up the business we are looking for partners hoping to key into our vision to actually offer quick and same day delivery to all our retail partners.”

Speaking on what the future holds, he expressed hope as he buttressed: “There is a very bright future for space. Retailers are waking up to understand that it is high time technology would change most of the problems. This at the end of the day makes the lives of consumers very easy because they would have products when they want them.”


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