Olooja Consolidates Partnership in Nigeria

Olóòja Marketplace G.V Announces Groundbreaking Joint Venture Partnership

Abuja, Nigeria - November 8, 2024

Olóòja Marketplace G.V is proud to announce a landmark joint venture partnership with renowned strategic partners Novarch B.V Properties, Shryder Trading, and A.G Caspian Resources.

This historic collaboration aims to drive sustainable expansion plans, revolutionizing the fulfillment of goods and services in Nigeria.

Partnership Objectives:

1. Enhance logistics and supply chain efficiency

2. Increase access to quality products for bulk purchasers

3. Foster economic growth, strengthening the Nigerian currency

4. Provide robust solutions for consumers and businesses

Key Benefits for Nigerian Bulk Purchasers:

1. Competitive pricing for bulk orders

2. Streamlined procurement processes

3. Access to diverse product categories

4. Reliable delivery and logistics services

5. Dedicated customer support

Strategic Partnership Synergies:

1. Novarch B.V Properties: Expertise in real estate development and management

2. Shryder Trading: Specialized knowledge in international trade and commerce

3. A.G Caspian Resources: Proven track record in resource management and optimization

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Olóòja Marketplace G.V CEO's Statement

This partnership marks a significant milestone in our mission to transform Nigeria's commerce landscape.

Together, we will create a robust ecosystem, empowering businesses and consumers alike.

Our joint venture will stimulate economic growth, increase employment opportunities, and contribute to the nation's prosperity."

Elvis Orejobi

Founder / C.E.O

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Partners' Quotes:

Novarch B.V Properties is thrilled to contribute its expertise to this visionary project." - Novarch B.V Properties CEO

Shryder Trading is committed to facilitating seamless international trade." - Shryder Trading COO

A.G Caspian Resources is proud to optimise resource utilisation." - A.G Caspian Resources CTO

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Joint Venture Details

- Partnership duration: 5 years (renewable)

- Initial investment: ₦5 billion

- Projected annual revenue: ₦20 billion

- Estimated job creation: 5,000

Joint Venture Equity Structure

Olooja Marketplace G.V, Novarch B.V Properties, and A.G Caspian Resources have agreed to the following equity stake distribution:

Olóòja Marketplace G.V:

70% Majority Stake

- Strategic leadership and operational management

- Contribution of e-commerce platform and existing infrastructure

Novarch B.V Properties:

20% Priority Stake

- Expertise in real estate development and management

- Provision of logistics and warehousing facilities

A.G Caspian Resources:

10% Stake

- Optimization of resource utilization and supply chain efficiency

- Access to international trade networks and partnerships

Consolidated Portfolio:

The consortium's combined strengths create a formidable portfolio:

1. E-commerce platform (Olóòja Marketplace G.V)

2. Logistics and warehousing (Novarch B.V Properties)

3. Supply chain optimization (A.G Caspian Resources)

4. International trade networks (A.G Caspian Resources)

5. Real estate development (Novarch B.V Properties)

Synergies and Benefits:

1. Enhanced logistics and supply chain efficiency

2. Increased access to quality products for bulk purchasers

3. Improved customer experience through streamlined procurement

4. Competitive pricing and improved margins

5. Strengthened Nigerian economy through job creation and revenue growth

Joint Venture Governance:

1. Board of Directors: 7 members (5 Olóòja Marketplace G.V, 1 Novarch B.V Properties, 1 A.G Caspian Resources)

2. Strategic decision-making: Majority voting (Olóòja Marketplace G.V)

3. Operational management: Olooja Marketplace G.V CEO

Financial Projections:

1. Initial investment: ₦5 billion

2. Projected annual revenue: ₦20 billion

3. Estimated growth rate: 20% YoY

4. Projected job creation: 5,000

This equity structure solidifies Olóòja Marketplace G.V's leadership while leveraging the expertise of Novarch B.V Properties and A.G Caspian Resources.

The consortium is poised to revolutionise Nigeria's commerce landscape.

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About Olóòja Marketplace G.V:

Olooja Marketplace G.V is a leading Nigerian e-commerce platform dedicated to providing innovative solutions for businesses and consumers.

Note to Editors:

- High-resolution images and logos are available upon request.

- Interviews with Olóòja Marketplace G.V and partner CEOs can be arranged.

Media Team