The Group Managing Director of Red Star Express Plc, Dr. Olusola Obabori, speaks on how the company’s investment in SMEs, perishable goods, will empower farmers. Chinedu Eze brings the excerpts:
But if you go down to the micro, somebody has a shop, he has an income of N25, 000 and government has helped us to classify such people in terms of their tax bracket. These are people who are selling on Instagram, who are selling on different platforms. They don’t even have a shop; some operate from home. Now because we have access to database of a lot of these people through various platforms, we work with SMEDAN . We invited SMEDAN and they gave us a list of these people.
You spoke about your interest in perishable goods. I will like to know how far you have gone in developing it? In the future when that space gets better we will be the first to profit. We have done our investment in cold chain trucks now, and in the last three, four years, you will see some of our trucks on the road, written Red Star cargo, cold chain services. They are brand new trucks; we bought them. Have we made money from them yet? No. But for those who have the power to move vaccines, which is also now premium, we are working for them.
There is a call up system that was created some time ago. It was an app. It had a problem at some point in time but I think that also has been fixed. So I will say that there is relative sanity in Apapa but it can be improved in the course of time. Apart from the core part of Apapa where they are still doing some roadwork, we have those challenges there. I remember one day we went to a meeting to see a customs agent; we came down from our car and walked into Apapa.
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