Press Release: is The First Reverse Commerce Market in Nigeria

The business of previously owned, new or used products, is a thriving one in Nigeria. According to recent UN stats, an estimated 80 per cent of Africans wear secondhand clothing.

Some argue that importing secondhand clothing (a.k.a Okrika or Akube) into the country creates a void in the existing fashion industry making it hard for local producers to compete. But the fact is that as long as the per-capita income of the average Nigerian is low, people will depend on used fashion products.

One solution to this problem is to allow the average Nigerian bring their used items and display them on an open market for others to purchase. For this reason, created a platform which enables both buyers and sellers of previously-owned goods meet and trade. The idea is to cut out the middle man and drive prices even lower.

Many have argued for years that Nigeria and Africa at large is the dumping ground for the Western world. It is not just gently used Western clothing that finds its way to Nigerian market stalls, but also castoffs that are practically unwearable.

Critics of the industry say that Nigeria cannot hope to build its own industry when it is flooded with cheap imports. But some experts, however, say it is not the used clothing imports that drive factories out of business, but inefficient production lines, governments, poverty, electricity and much more.

The problem is that the fledgling Nigerian fashion industry now competes against inexpensive second-hand clothing, as well as the devastating threat of cheap Chinese fashion flooding the country.

There are two sides to this coin. One side will help the industry grow in the long-term, while the other will enable the middle and lower class clothe and feed themselves and families. As the debate continues, Okriks has found a simple way to make buying secondhand items easy for the average low income earner.

Okriks reverse commerce business model allows vendors to sell their products and buyers to shop at will. People no longer have to travel long distances to purchase or sell their used products. All they have to do is list them on and buyers who are interested can purchase from the comfort of their homes.

With this new platform, Nigerians can also reserve their carts and pay 30 days after. This feature means a great deal to many Nigerians stated CEO of Okriks, Andrew Okwedadi: “People who are awaiting payday can easily reserve their carts by making a 10% down-payment”, he explained.

On all goods sold are pre-owned or from factory liquidated stock. They offer brand new overstock items at rock bottom prices. Buyers no longer have to make do with over-worn Okrika clothing, they can now buy first-grade Okrika online on the website at the same price as the open market.

Comments (22)

  1. netflix

    This video post is in fact enormous, the echo quality and the picture quality of this tape post is really awesome. Darice Kenneth Studley

  2. instagram takipçi satın al

    This piece of writing will help the internet visitors for creating new blog or even a weblog from start to end.

  3. ucuz takipçi satın al

    Hi there mates, its fantastic post regarding cultureand completely defined,
    keep it up all the time.

  4. php shell

    If some one desires to be updated with hottest
    technologies after that he must be go to see this site and be up to date
    every day.

  5. CBD for dogs

    Hello, I think your blog might be having browser compatibility issues.

    When I look at your blog in Ie, it looks fine but when opening in Internet Explorer, it has some
    overlapping. I just wanted to give you a quick heads
    up! Other then that, excellent blog!

    My web-site: CBD for dogs

  6. CBD gummies for sale

    This design is incredible! You most certainly know how to keep a reader entertained.
    Between your wit and your videos, I was almost moved to start my own blog (well,
    almost…HaHa!) Excellent job. I really loved what you had to say, and more than that, how you presented it.
    Too cool!

  7. takipçi satın al

    İnstagram hesabınız için takipçi, beğeni, video izlenme benzeri çok
    hizmeti en müsait fiyatlar ile satın alabilirsiniz.

    Instagram takipçi satın almanın hesabınıza yalnızca çok mühim katkısı bulunmaktadır.
    Instagram Türk gerçek takipçi satın al fırsatı ile şu avantajları elde
    edebilmeniz mümkün;
    *Takipçi satın aldıktan ardından hesabınız daha aktif tek bir duruma gelecektir.

    *Kalcı bir Instagram takipçi kitlesi oluşturma olanağı elde edebilirsiniz.

    *Yükselen takipçi sayınızla birlikte keşfet bölümünde çıkma olasılığınız da artmaktadır.

    Satın aldığınız takipçiler gerçek kullanıcılardan oluştuğu için gönderilerinize beğenip yorum yapabilirler.

    *Tüm bu fırsatlardan yararlanmak için siz de gönül rahatlığı ile Instagram Türk gerçek takipçi
    satın al hizmetlerimizden yararlanabilir ve marifetli sonuçlar elde edebilirsiniz.

  8. CBD oil for sale

    I don’t even know how I ended up here, but I thought this post
    was good. I do not know who you are but definitely you’re going to a famous blogger
    if you are not already 😉 Cheers!

  9. best cbd for dogs

    Hello would you mind stating which blog platform you’re working with?
    I’m looking to start my own blog soon but I’m having a hard time selecting between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your design and style seems different then most blogs and
    I’m looking for something unique.
    P.S Sorry for being off-topic but I had to ask!

  10. best cbd gummies

    A motivating discussion is definitely worth comment.
    I do believe that you should write more about this subject, it might not be a taboo subject
    but typically people don’t speak about such issues.
    To the next! Kind regards!!

  11. cbd for dogs with anxiety

    Hi there, this weekend is good designed for me, because this
    moment i am reading this fantastic informative piece of
    writing here at my house.

  12. gummies

    Hi it’s me, I am also visiting this web page regularly,
    this web site is actually good and the visitors are actually sharing nice

  13. CBD near me

    You actually make it seem really easy together with your
    presentation but I in finding this matter to be really something
    which I feel I’d by no means understand. It kind of feels
    too complex and very wide for me. I am taking a look forward in your subsequent post, I will attempt to get the hold of it!

  14. best cbd for sleep

    Hmm it seems like your blog ate my first comment (it
    was super long) so I guess I’ll just sum it up what I had written and say, I’m thoroughly enjoying your blog.
    I too am an aspiring blog blogger but I’m still new to the whole thing.
    Do you have any tips for novice blog writers?
    I’d certainly appreciate it.

    Here is my page: best cbd for sleep

  15. CBD for sale

    Hi there would you mind letting me know which webhost you’re working with?
    I’ve loaded your blog in 3 different internet browsers and
    I must say this blog loads a lot faster then most.
    Can you recommend a good internet hosting provider at
    a fair price? Many thanks, I appreciate it!

    Feel free to surf to my page :: CBD for sale

  16. CBD gummies for sleep

    You made some decent points there. I checked on the net for more info about the issue
    and found most people will go along with your views on this web

  17. CBD for dogs

    This is very attention-grabbing, You are an overly professional blogger.
    I’ve joined your rss feed and look ahead to seeking extra of your excellent post.
    Also, I’ve shared your web site in my social networks

    My web blog: CBD for dogs

  18. CBD gummies for sleep

    Hello to all, for the reason that I am really eager of reading this weblog’s post to be updated regularly.
    It contains good data.

  19. leke kremi

    Amazing! This blog looks exactly like my old one!

    It’s on a completely different subject but it has pretty much the same page layout and design. Great choice
    of colors!

  20. bursa escort

    We have all the necessary skills without leaking away your previous data. Aleta Mateo Bubalo Celestine Georas Yehudit

  21. escort bayan

    Wow, this post is good, my younger sister is analyzing these things, therefore I am going to let know her.| Margie Jess Norling

Leave a Reply

Your email address will not be published. Required fields are marked *