Over the past 5 decades, Nigeria has been dependent on its valuable oil resource, which has brought about great wealth, albeit to a select few.
However, in recent times, the internet, thankfully, is helping to slowly (but surely) change Nigeria’s economic sphere. Many entrepreneurs who had previously found it difficult to kick off their businesses or keep their businesses afloat now use the internet as a springboard to drive sales, generate traction and revenue.
This shift has further opened up the playing field for a new generation of entrepreneurs in Nigeria. People, who can identify business opportunities in Nigeria, even in the most unlikeliest of places. These 3 Nigerian startups are some of the many lot.
Udiit, a product of Tweaks Media, is supposedly an online marketplace where vendors (individuals & organisations) can create a storefront and sell their digital products (including, but not limited to audio messages/teachings, poetry/spoken word, music, academic podcast).
Udiit's is defintely playing in a difficult space, considering that many Nigerians still prefer to opt for the free downloads. However founder Ekemini Akpan believes that Udiit's unique offerings -- ranging from a prioritized support service, a 'set your price yourself' feature, flexible commission per product value, prompt(monthly) payouts, no estimated earnings/payout, and dedicated dashboard for customer and vendors/sellers -- can give them a survival chance going head to head with the likes of already established players like Spinlet, Nerveflo, and MyMusic.
It will be interesting to see how it pans out.
Frakem is essentially an online marketplace for building materials.
By assembling a wide range of exotic building materials, Frakem boasts of having what is presumed to be "Nigeria's number one destination for building materials"
Co-founded by Ogechukwu Nwagbo and Festus Nwagbo, their aim is to "eliminate the stress and search efforts of customers shopping for quality building materials by providing a secure online building materials retail store where customers can source, compare, and order for building materials from the comfort of their homes or offices." Even still, the ordered products are said to be delivered to the customer’s doorstep for free. By doing this, they believe they can connect manufacturers of home products to consumers in Africa.
Frakem will not be playing in a new space, as they have the likes of BumpaDeals, iondepot and Cribpark to contend with.
Supercar.ng is an online vehicle market place. However, haven mulled over how best to describe this platform, I think it's safe to describe Supercar.ng as a Nigerian platform for everything that pertains to vehicles.
In describing the company, Akinwumi Fakokunde, founder, as well as CEO says "Supercar.ng is a 'Fives' car solution on one website." If you're trying to figure out what that means, let me make it easy. These five solutions include, car sales, car purchase, car insurance quote, car loan processing, and auto mechanic and spare parts.
For a startup that is looking to launch on the 3oth of September 2016, it would seem rather fitting to focus on a particular solution. However, it can also prove to be a smart move considering that it could allow them switch to a particular one that best works for them in the long run. So let's see how that goes.
So guys what do you think about these startups?