LAGOS — In a bold move to revolutionise Nigeria’s supply chain ecosystem, fintech-driven logistics company Suitroh Nigeria Limited has partnered with several banks to address critical challenges faced by small and medium-sized enterprises (SMEs) through its new digital trade platform, X-Inventory.

The platform, unveiled at a recent trade conference in Lagos, is designed to bridge longstanding gaps between financial institutions, manufacturers, and retailers, providing a streamlined approach to inventory access and financial inclusion for players across the supply chain.

Tackling the Root of Supply Chain Inefficiencies

Speaking at the launch, Suitroh Nigeria CEO Ridwan Oderinu described X-Inventory as an ecosystem enabler that connects banks, manufacturers including original equipment and pharmaceutical companies with distributors, wholesalers, and retailers.

“X-Inventory is designed to tackle the root causes of supply chain issues,” said Oderinu. “It connects key players in the trade ecosystem and ensures that payments and product access are streamlined for all parties.”

Though still in its onboarding phase, the platform is already attracting active participation from several banks that are facilitating manufacturer integration. These banks are expected to play a vital role in driving adoption by extending product access to downstream stakeholders.

Banks, Policy, and the Path to Launch

Despite early momentum, a full-scale rollout of the platform hinges on wider industry participation and supportive government policies. According to Suitroh, a minimum of 10 participating banks is required to ensure nationwide scale and functionality.

The company also highlighted the importance of macroeconomic stability and regulatory backing in sustaining the project. Citing Nigeria’s Open Banking regulation and the Global Standing Instruction (GSI) policy, Suitroh says such frameworks provide a fertile ground for expanding digital financial services to underserved segments.

“These policies give us an advantage,” Oderinu noted. “They ensure stakeholders like distributors and retailers can grow their businesses through improved access to finance and products via our platform.”

A Vision for SME Empowerment

Suitroh’s long-term ambition is to build an integrated commerce hub where SMEs can access not only inventory but also finance and market visibility all in one place. The company says X-Inventory will enable businesses to scale more efficiently, with features including real-time product marketing and capital expansion support.

The initiative arrives at a time when Nigeria’s SME sector, which accounts for nearly 50% of GDP, is in urgent need of tools that enable resilience and growth amid ongoing supply disruptions and credit access hurdles.

With early-stage bank partnerships already in motion and policy tailwinds in play, Suitroh is positioning X-Inventory as a transformative solution to help Nigerian SMEs break free from systemic bottlenecks and thrive in a digitally connected economy.