The General Manager, Business Management Tools (MonieBook) at Moniepoint, Kolawole Osinowo, has described the nomination of MonieBook for the LEADERSHIP Product of the Year Award as an encouraging acknowledgement of the corporate’s efforts to deal with challenges confronting small companies in Nigeria.
Osinowo spoke in Lagos just lately when the Vice Chairman of LEADERSHIP Group, Mike Okpere, and the Group Executive Director, Abraham Nda Isaiah, visited Moniepoint to current the formal nomination and invitation letters forward of the 2026 LEADERSHIP Awards slated for December 1.
The nomination recognises MonieBook’s built-in strategy to enterprise administration, which mixes cost information, gross sales monitoring, stock administration, workers administration and buyer actions on a single platform to assist small and medium-sized enterprises (SMEs) enhance effectivity, cut back losses and make knowledgeable enterprise choices.
Reacting to the nomination, Osinowo stated the popularity was each shocking and thrilling, notably as a result of it acknowledged efforts to develop options for companies working in Nigeria’s difficult financial atmosphere.
“The amazing thing about the recognition is that it is not just surprising, but also exciting for us to be recognised for the work that we do, especially in the financial services space in Nigeria today,” he stated.
He defined that Moniepoint’s strategy was to establish the issues confronting companies and develop sensible options reasonably than merely highlighting the challenges.
“One of the things that we’ve identified here at Moniepoint is that there are usually a lot of problems everywhere, but we will not just sit back and complain; we will get our hands dirty and go in the field and try to solve those problems,” Osinowo stated.
He recognized poor visibility into gross sales, inventory ranges and profitability as a few of the challenges confronting small enterprise homeowners, noting that many operators generate substantial income with out realizing their precise revenue margins.
According to him, MonieBook was developed to deal with these gaps by permitting enterprise homeowners to trace gross sales and stock whereas routinely reconciling transactions performed by Moniepoint’s cost infrastructure.
“As you are bringing in the products from your suppliers, you are putting it into MonieBook. As you are selling on the Moniepoint terminal, it is doing automatic reconciliation, telling you when to restock. You also know your best sellers,” he stated.
Osinowo added that the platform permits companies to establish fast-selling merchandise, monitor stock ranges and detect discrepancies between bodily inventory and recorded transactions.
He defined that such data might assist operators stop inventory shortages and establish potential losses arising from poor stock administration or theft.
The MonieBook normal supervisor stated the platform was designed to accommodate the realities of Nigeria’s largely casual enterprise sector, the place many operators want easy, accessible instruments reasonably than sophisticated administration methods.
He famous that the product might function throughout point-of-sale terminals, laptops, gross sales registers, smartphones and tablets, offering companies with flexibility in managing their operations.
Osinowo stated the initiative mirrored Moniepoint’s broader goal of extending monetary inclusion to monetary prosperity by equipping small companies with instruments that would enhance their efficiency.
“It’s in the DNA of Moniepoint to get financial services to the last mile. So we’re extending that financial inclusion to financial prosperity,” he stated.
He disclosed that the corporate was increasing MonieBook’s capabilities, with a loyalty programme being launched and an accounting bundle anticipated earlier than the top of the 12 months.
According to him, the accounting function would assist companies preserve more practical monetary information and make their accounts accessible when required for regulatory or tax functions.
Speaking through the presentation, the Vice Chairman of LEADERSHIP Group, Mike Okpere, stated the nomination adopted a rigorous examination of the product and its relevance to companies working in Nigeria.
“The LEADERSHIP Group, after rigorous examination, concluded that the product you have introduced should be Product of the Year for LEADERSHIP,” he stated.
He defined that the go to was to formally inform Moniepoint of the nomination and invite the corporate to attend the award ceremony scheduled for December 1, 2026.
Okpere stated the corporate would share the award platform with distinguished Nigerians recognised for his or her contributions to nationwide growth, together with 5 state governors, the Founder and Chairman of BUA Group, Abdul Samad Rabiu, and the Founding Chairman and Editor-in-Chief of THISDAY Media Group and ARISE News Channel, Nduka Obaigbena.
He famous that the LEADERSHIP Awards had grow to be a longtime platform for recognising people and organisations whose contributions had made important impacts on the nation.
According to him, the awards, which have been held for 18 years, have beforehand recognised former Presidents Olusegun Obasanjo, Goodluck Jonathan and Muhammadu Buhari as Persons of the Year.
Other previous recipients embrace worldwide growth figures and monetary sector leaders equivalent to Ngozi Okonjo-Iweala, Akinwumi Adesina and Benedict Oramah, alongside conventional and spiritual leaders, together with the Sultan of Sokoto and Cardinal John Onaiyekan.
Also talking, a Director of LEADERSHIP Group, Abraham Nda Isaiah, defined the rationale behind MonieBook’s choice, noting that the product addresses the challenges created by fragmented enterprise administration methods, which frequently depart enterprise homeowners struggling to acquire a transparent image of their operations.
He stated MonieBook brings cost data, gross sales information, stock, workers administration and actions throughout a number of enterprise places collectively on one platform, offering entrepreneurs with real-time visibility into their companies.
According to him, connecting monetary transactions on to enterprise administration knowledge permits operators to observe efficiency extra successfully, strengthen accountability, cut back income leakages and minimise inventory losses.
He added that the built-in platform might assist Nigerian SMEs enhance operational effectivity and make better-informed choices, positioning them for sustainable development.
Nda-Isaiah stated the innovation demonstrated the worth of know-how in addressing sensible enterprise challenges, notably for small enterprises that require accessible instruments to handle their each day operations.
The LEADERSHIP Awards recognise people, company organisations and public establishments whose achievements have contributed to nationwide growth. The Product of the Year class focuses on merchandise that exhibit relevance, innovation and sensible worth within the Nigerian market.
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