OnePipe Empowers Retailers, Distributors in Nigeria’s Informal Sector

Emma Okonji

OnePipe, a fintech operating company in Nigeria, recently concluded ‘The Growth Lab’, an educational platform specifically curated for Nigeria’s retailers and distributors in the informal sector.

The event was a pivotal part of OnePipe’s vision and mission, underlining the company’s commitment to the democratisation of financial technology and support for grassroots businesses in Nigeria

Head of Operations at OnePipe, Yvonne-Faith Elaigwu, said: “The Growth Lab was crafted with the intent of supporting the core of Nigeria’s economy – the informal sector, by providing them with actionable financial tools to foster growth and sustainability. This initiative is a clear indication of our unwavering commitment to promoting financial inclusion, economic advancement, and individual wealth within Nigeria’s expansive, yet overlooked informal economy.”

The informal economy in Nigeria, which accounts for approximately 65 per cent of the country’s GDP, houses millions of retailers and distributors. With the right financial tools, these entrepreneurs have the potential to transform their businesses. ‘The Growth Lab’ showcased this potential, primarily through a keynote speech by the CEO, Seams and Stitches Limited, Yemi Chukwurah, which elucidated OnePipe’s blueprint for using digital instruments to uplift professionals.

One notable tool, GrowTrade, was featured during ‘The Growth Lab’. GrowTrade is a cutting-edge platform devised to assist distributors and retailers in enhancing their businesses. Attendees were privy to testimonials from a distributor and retailers that have reaped substantial benefits from GrowTrade, witnessing a remarkable amplification in their business trajectory.

Head of Growth and Marketing at OnePipe, Abang Emenyi, said: “The Growth Lab event symbolises a platform, a declaration, and a pledge. We at OnePipe, recognise the latent potential of our retailers and distributors. The Growth Lab was conceptualised to harness this potential, propelling growth, enhancing efficiency, and edging us closer to our envisioned future – a Nigeria where financial freedom is accessible to all.”