Suitroh Nigeria Limited has launched a groundbreaking digital trade platform, X-Inventory, aimed at overhauling Nigeria’s fragmented supply chain ecosystem and improving access to finance for small and medium-sized enterprises (SMEs). The platform was unveiled at a high-level trade conference in Lagos on Thursday, drawing key players from the logistics, financial, and manufacturing sectors.
X-Inventory is designed to connect financial institutions, manufacturers, distributors, and retailers on a single digital platform, streamlining operations across production, distribution, and payments. The platform offers a new pathway for efficiency in Nigeria’s trade landscape, particularly in sectors such as pharmaceuticals and fast-moving consumer goods.
Speaking at the launch, Mr. Ridwan Oderinu, Chief Executive Officer of Suitroh Nigeria Limited, highlighted the platform’s mission to tackle longstanding inefficiencies in the Nigerian supply chain. “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.”
The digital platform is currently in its onboarding phase, with several banks already integrating manufacturers into the ecosystem. However, full accessibility for downstream players, particularly distributors and retailers, is still being developed.
“Banks are doing a fantastic job linking manufacturers to the ecosystem,” Oderinu added. “The next step is to ensure accessibility of products to all stakeholders.”
Suitroh’s Managing Director emphasized that the platform’s success depends not only on private-sector engagement but also on support from government and broader macroeconomic stability. As part of its national rollout strategy, the company aims to onboard at least 10 commercial banks.
X-Inventory’s broader goal is to empower SMEs by giving them access to financing, inventory management tools, and market visibility — all through one integrated system. Features such as capital-raising tools and real-time product marketing capabilities are expected to support business scalability and long-term growth.
Oderinu expressed optimism about Nigeria’s regulatory landscape, citing the Open Banking initiative and the Central Bank’s Global Standing Instruction (GSI) framework as vital to driving financial inclusion and enabling secure, seamless digital transactions.
“These policies give us an advantage,” he said. “They ensure stakeholders like distributors and retailers can grow their businesses through improved access to finance and products via our platform.”
With X-Inventory, Suitroh hopes to build a sustainable digital infrastructure that bridges longstanding gaps in Nigeria’s trade and supply chain network, positioning SMEs for faster growth and greater resilience in a digitally driven economy.
