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Home News

How Ogwugo is Facilitating Seamless Trade for Local Traders

by Joel Nwankwo
December 13, 2023
in News
0
Ogwugo
Chima Abafor, Co-Founder and Advisor of Ogwugo

Chima Abafor, Co-Founder and Advisor of Ogwugo

UBA
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Local and small traders often face a silent struggle. The complexities of trade seemed like an insurmountable hurdle. Fluctuating exchange rates and the lack of a secure platform for seamless transactions have left them feeling trapped within the confines of their stall.

The aspirations for growth and economic prosperity for small businesses usually seem distant, obscured by the challenges that come with venturing into unknown markets.

The logistical issues in Nigeria’s developing regions encounter numerous challenges that hinder their growth and economic impact. Limited access to international markets, complex export-import procedures, and inadequate infrastructure contribute to their struggles. The absence of efficient and reliable channels for international trade further compounds their struggles, limiting their reach and stunting economic growth in the state.

Seamless Trading for Small Traders

Unleashing the power of local traders in Enugu State and beyond, Ogwugo is a revolutionary platform that upends the status quo. Originating from the goal of uniting regional companies with different markets, Ogwugo offers small businesses and local manufacturers a smooth and effective way to conduct trade.

Founded by Chima Abafor, Ugochukwu Aronu in 2017, Ogwugo has been facilitating trade since its inception. The platform boasts a user-friendly interface, allowing traders to navigate global markets with ease. Through strategic partnerships and cutting-edge technology, Ogwugo has become a catalyst for economic growth, connecting local businesses to a world of opportunities. 

The platform offers a carefully selected collection of 100% genuine products, ensuring a reliable and authentic shopping experience. As of now, Ogwugo provides delivery services for items like food, drinks, and gas exclusively in Enugu, Nigeria, with plans to expand to other areas soon. For items such as electronics, fashion wear, phones, and more, they ensure delivery right to your doorstep, regardless of your location.

International Trade for Local Traders

Aside from its commitment to transparency, reliability, and fair trade practices, Ogwugo’s biggest strength is perhaps its ability to facilitate trade across Nigeria.

International trade through Ogwugo brings a plethora of benefits to local traders. By breaking down barriers to entry into global markets, Ogwugo enables small businesses to showcase their products to a wider audience. This expanded reach not only increases sales but also fosters cultural exchange and collaboration.

Furthermore, the infusion of international capital into local economies creates a ripple effect, spurring job creation and driving economic development in developing regions like Enugu State.

The platform is also Nigeria’s first e-commerce platform that accepts Bitcoin for payments. It also supports hassle-free, secure payment options, including POS on delivery, E-Wallet for convenient money transfers, and credit card payments, which also support cardless transactions.

A Vision for Economic Transformation

In essence, Ogwugo is not just a platform; it’s a catalyst for economic transformation in Nigeria’s developing regions. By giving local merchants the resources and chances they require to succeed internationally, Ogwugo is changing the perception of boundaries and presenting a more promising future for both companies and communities.

Local traders have the opportunity to overcome obstacles in their business lives and take part in the global marketplace thanks to the transforming potential of new platforms such as Ogwugo.

With Ogwugo in the forefront, the promise for sustainable trade in Enugu State and comparable regions is no longer just a pipe dream but a real possibility as global trade becomes more accessible.

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Author

  • Joel Nwankwo
    Joel Nwankwo

    Joel Nwankwo is a tech journalist. He is passionate about telling stories as it relates to Africa's social and financial tech advancements. You can reach him at joel.nwankwo@techeconomy.ng

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Joel Nwankwo

Joel Nwankwo

Joel Nwankwo is a tech journalist. He is passionate about telling stories as it relates to Africa's social and financial tech advancements. You can reach him at joel.nwankwo@techeconomy.ng

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