In an effort to address ongoing inefficiencies in Nigeria’s supply chain sector and improve financial access for small and medium-sized enterprises (SMEs), Suitroh Nigeria Limited, a logistics and FinTech firm, has officially launched its X-Inventory trade platform.
The platform was unveiled during a trade conference in Lagos on Thursday, which brought together key stakeholders from the finance and manufacturing sectors.
X-Inventory is designed to close the gaps between financial institutions, manufacturers, and retailers by simplifying the processes of production, distribution, and payment across Nigeria’s trade ecosystem.
During the launch, Mr. Ridwan Oderinu, Chief Executive Officer of Suitroh Nigeria Limited, explained the platform’s purpose: “X-Inventory is designed to tackle the root causes of supply chain issues,” Oderinu said.
“It connects key players in the trade ecosystem — banks, manufacturers, distributors, wholesalers, and retailers — and ensures that payments and product access are streamlined for all parties.”
Though still in its onboarding phase, the platform has already begun engaging Nigerian banks and manufacturers. Suitroh’s Managing Director noted that product accessibility for downstream users — such as distributors and retailers — is currently under development.
“Banks are doing a fantastic job in linking manufacturers to the ecosystem. The next step is to ensure accessibility of products to all stakeholders,” he added.
The company emphasized that a successful nationwide rollout will depend on both corporate partnerships and supportive government policy, alongside macroeconomic stability. As part of its expansion goals, Suitroh plans to onboard at least 10 banks onto the platform.
According to the firm, X-Inventory’s long-term goal is to empower SMEs through a unified digital platform that offers access to financing, inventory management, and real-time market visibility. The system will also provide capital-raising tools and marketing solutions to help businesses scale efficiently.
Oderinu expressed optimism regarding the policy landscape, highlighting frameworks like Nigeria’s Open Banking initiative and the Global Standing Instruction (GSI) policy as vital to the platform’s success.
“These policies give us an advantage. They ensure stakeholders like distributors and retailers can grow their businesses through improved access to finance and products via our platform,” the Suitroh CEO affirmed.
