Avoid Sapa By All Means: How to Keep Afloat During Inflation

Our lifestyles recently have been impacted by the outrageous price increase of commodities, no thanks to inflation. I remember when I went to purchase some groceries a few days ago with the assurance that the prices for the items were still the same. Save to say, I was disappointed and had to stylishly drop some groceries to avoid see finish while making payment with my Kegow wallet at the checkout.

The ridiculous fluctuation of prices is challenging. This increase in transportation costs brought on by fuel scarcity cannot be overlooked. This recent experience has affected a lot of people. Albeit, you need to figure out and even strategize whether your income is sufficient to meet your current expenses and not to live beyond your means. We compiled seven ways you can avoid sapa despite the surging cost of items.

  1. Draw up a budget

Planning what to spend on and how much helps to keep you in check and on top of your finances. You could adopt the 50-30-20 rule of budgeting. This implies that you divide your income into three categories, spending 50% on needs, 30% on wants, and 20% on savings. It will give you a chance to spend on what is most important.

  1. Identify your needs 

Reflect on how important it is to spend on things by categorizing your priorities. Try to weigh your must have, should have and could have. If the expenditure is a necessity, purchase the item; if not, avoid it. For instance, eating a healthy, balanced meal is definitely a need, but it doesn’t have to be from the most expensive restaurant in the hood.

  1. Create a shopping list and stick to it

Making a shopping list will not only help you feel accomplished, it will enable you to resist the urge to buy unnecessary items and shalaye later. While shopping, stick to your list and avoid being tempted to purchase extras. You can even make bulk purchases of some items and reserve them as the days go by.

  1. Cancel unnecessary subscriptions

Evaluate extra subscriptions like meal delivery, gym memberships, and magazines. Unsubscribe from the unimportant ones, especially those you do not use often.. Only keep them if you are sure that you are receiving your money’s worth. Better still, you can split the payment of necessary subscriptions with your friends.

5 .Get accountability partners

Sometimes we make financial plans and do not keep to them at the end of the day. Talk to a friend and reach an agreement to support one another’s efforts to financial prudence.

  1. Increase earning power

Do not depend solely on one source of income. Increase your earning potential by improving your skills, make smart investments, earn career-worthy certifications or get a side hustle.

  1. Review your expenses

Tracking where your money goes will help you to make smarter decisions on your spending habits. You might be surprised that you spend a  good amount on “Azul for the boys”, black tax or unnecessary bank deductions.

Well, if you’re tired of unnecessary bank deductions, it’s high time you moved to Kegow, our reliable mobile money application that helps you achieve fund transfer and pay for other bills without cut-throat charges. Click here to get started.

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Akinsanmi Adeleke

Business Mngr. and Enterprise Solution

Akinsanmi is a high-performing operations-management executive with expertise in optimizing organizational processes through system automation. His career accomplishments consist of more than 10 years of experience implementing technology projects, developing product requirements, and analysing support strategies and processes to facilitate improved operations and efficiency. A proficient problem-solver who designs solutions and assists developers with issues by envisioning business and technical perspectives to a problem. When it comes to completing a job from start to finish, the value of clarity and good communication can’t be overstated, his superior communication and problem-solving skills allow him to excel in driving teams through all facets of project life cycles and realizing improved efficiency and productivity.

Grown through the ranks at Chams PLC, starting as Biometric Technology Support, Database Administrator, and presently a Business Manager, he has efficiently led diverse teams to oversee, manage and successfully deliver a number of technology change management projects for both government and private clients. Applying strong relationship and stakeholder management skills, he has ensured the utmost satisfaction of all clients. His expertise, experience, and achievement across projects includes Business Analysis, Process Improvement/Automation, Open Source Development, ERP, HR and Payroll Automation and Auditing, Data Analysis, Public Financial Management Automation.

Reinforcing his experience are credentials that include a Master’s Degree in Information Technology from the prestigious University of Lagos, as well as various other professional certifications including Certified Business Analyst from Imarticus Learning in India, Oracle Certified Professional, Microsoft Certified Technology Specialist and a recognised Odoo Partner.

Babatope Olulode

Head of Sales, VOTA & I’m Alive

Babatope Olulode is the Assistant General Manager, Sales. He works primarily on VOTA and I’m Alive Solutions for the Company. With working experience in a vast variety of industries in Nigeria and the United States, he leads the sales effort to ensure that Chamsmobile products are highly sought after and exceed the expectations of our clients.

Prior to Chamsmobile, Tope worked at NETCOM Africa and was on the Board of Management of John Holt PLC as General Manager overseeing assets worth over N10 Billion. He also worked in Logistics as the Chief Operating Officer of CFL Logistics and Head, Business Development at Flux Logistics, a member of the Superflux Group. He was appointed as MD/CEO of Sattrak Telematics in 2008 after working with Nextzon Business Services, a firm providing Business advisory, venture financing and management, outsourcing and consulting services. In the United States, he joined AWABCO as a Manager and later JWB Ventures as General Manager after receiving a 98.5% score in serve-safe certification.

A multi-disciplinary and lifelong learner, Tope holds a Bachelor of Technology Degree from the Ladoke Akintola University of Technology Ogbomoso, and is a member of the American Marketing Association AMA. He earned an MBA from the Louisiana State University in 2004 and was awarded the Don Wilcox Scholarship for Outstanding Academic Performance. He’s an avid Film critic and loves to travel.

Kayode Akomolafe

Executive Director

Kayode Akomolafe is the Executive Director, Chamsmobile. Before his appointment, he was the Chief Operating Officer, Chams Plc. He is an accomplished professional in project management with over 20years experience in diverse field which include Identity management, solution design, system architect, customer service, IT operations and infrastructure.

Sequel to joining Chams Plc in 2008, Kayode worked with Aeriel Link Communications, a public relation outfit in Lagos as Business Development executive and Mr Biggs Division of UAC as Operations Auditors and Compliance Manager. He has managed and led different teams to deliver several projects for federal, state and private institutions out of which are ChamsCity digital mall that got the Guinness world record, NCC SIM registration, Nigeria Airforce identity management and staff audit, Nigeria Custom identity management system, Osun state staff audit, including human resources and payroll solution, and the famous national identity project with NIMC.

He holds a Bachelor of Technology from Federal University of Technology Akure, a Master’s Degree in Information System Technology from University of Liverpool, UK and an Executive MBA from Lagos Business school. He is an Alumni of Nanyang Business School, Singapore. He is a certified Scrum Master, a Professional Member of British Project Professional Society, Scrum Alliance USA and Agile Practitioners Association of Nigeria.


Mayowa Olaniyan

CEO/Managing Director

Mayowa Olaniyan is a finance and management expert. She is the Managing Director and Chief Executive Officer of Chamsmobile Limited, an associate company of Nigeria’s long-standing indigenous technology company, Chams Plc.

Mayowa’s managerial and strategy expertise is sought after in the corporate sector. With an accomplished career of over 27 years that spans across finance, audit, automobile, and technology, Mayowa is a thoroughbred professional and resilient administrator whose business leadership is well recognized among C-Level Executives, Board of directors, Regulatory Authorities and other key Stakeholders for the many outstanding performances in delivering company’s business and financial objectives.

Until her appointment as MD/CEO of Chamsmobile, Mayowa oversaw Chams Plc’s finance, strategy and services as Executive Director. In this role, she led the refinancing of Chamsmobile and reengineered the company’s mobile money operations and positioned same to play alongside other big leagues in the industry and also drove the financial and business strategy that shot the Chams group back to profitability. Prior to that role, she served as the Chief Strategist and Financial Officer.

A chartered accountant of repute, a Fellow of the Institute of Chartered Accountants of Nigeria (FCA) and Fellow of Chartered Certified Accountants (FCCA), global body for professional Accountants, Mayowa holds an MBA from Edinburgh Business School, Heriot-Watt University, UK.

She has a degree in Applied Accounting and post graduate diploma from Oxford Brooks University, UK. She is an alumna of NANYANG Technology University, Singapore and the prestigious Pan Atlantic University (Lagos Business School), Nigeria.