• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book

    How Broadband Penetration, Others Are Boosting e-Commerce Growth, Says Kashifu Abdullahi

    By
    Prnigeria
    -
    November 18, 2020

    How Broadband Penetration, Others Are Boosting e-Commerce Growth, Says Kashifu Abdullahi

    The National Information Technology Development Agency, (NITDA) has said that the use of smartphones, increasing broadband penetration, social media, relatively safe e-payment systems are some of the factors that are contributing to the steady growth of e-Commerce in Nigeria.

    The National Coordinator, Office for Nigeria Content Development in ICT (ONC), Barrister kasim Sodangi who spoke for NITDA at the 2020 e-Commerce and Marketing Online Seminar for Micro, Small and Medium Enterprises (MSMEs), said e-Commerce in Nigeria is projected to have a steady annual growth of 14 percent.

    The seminar was organized by the Bureau of Foreign Trade, at the Ministry of Economic Affairs, Taiwan; and the Nigerian Export Promotion Council (NEPC).

    Quoting statistics from the National Bureau of Statistics, (NBS), NITDA maintained that the ICT’s enabled businesses contribute 8.4 percent to National Gross Domestic Product (GDP).

    Read Also:

    • Tinubu: Shuttle Diplomacy and the Power of Showing Up
    • MAAUN Public Health Students Host Seminar to Combat Drug Abuse and Preventable Diseases
    • FutureMap Graduates Over 1,000 Students from STEAM Camp in Jigawa

    NITDA revealed that e-Commerce opportunities that exists in Nigeria are mostly retail component, with estimated $12 billion according to Mckenzie, and it has been projected to reach about $75 billion by 2025.

    It said that the context of e-Commerce in Nigeria is determined by the population which is about 200 million with 132 million of them on the internet.

    According to NITDA, 62 percent of Nigerians that are under 24 have basic literacy and are acquiring digital skills. It stated that there are about 300,000 online purchases daily compared to the previous 30,000 witnessed in previous years.

    NITDA also revealed that persons between 25 and 35 are the most active shoppers or active groups in e-Commerce in Nigeria and 69% of e-Commerce activities in Nigeria are on mobile devices.

    The Executive Director of NEPC, Mr. Segun Awolowo said e-Commerce business in Nigeria experienced a surge at the emergence of COVID-19 because people were still able to carry out businesses without making contact.

    The Director General BOFT Taiwan, Cynthia Kiang said the seminar is aimed at fostering a better trade relationship between Nigeria and Taiwan in term of e-Commerce.

    By PRNigeria

    VISIT OUR OTHER WEBSITES
    PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
    EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
    HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
    ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
    • TAGS
    • Broadband penetration
    • e-Commerce Growth
    • Kashifu Abdullahi
    Previous articleBPSR, Firm Sign MoU on Digitalisation in Public Service
    Next articleAI, Robotics’ll Drive 4th Industrial Revolution–NITDA
    Prnigeria
    Prnigeria
    Xing

    RELATED ARTICLESMORE FROM AUTHOR

    Tinubu: Shuttle Diplomacy and the Power of Showing Up

    Nigerian Air Force new Headquarters

    Badaru Hails NAF’s Vision, Commissions New Headquarters Annex in Abuja

    How Irabor’s Book Launch Became National Security Summit as Obasanjo, Jonathan, Kukah, Sultan Spoke on Boko Haram

    GWA Award Winners 2025

    PHOTOS: Nigeria Customs, IMPR Bag Back-to-Back Golden World Award at IPRA 70th Anniversary

    Customs, NCC Strengthen Alliance on Device Monitoring, Security, Public Safety

    EFCC Arrests 42 Suspected Internet Fraudsters, Recovers Laptops, Phones in Yobe

    Military Foils Terrorist Attacks, Rescues Victims, Dismantles Hideouts in Sokoto, Kebbi

    ICPC

    ICPC Rises to 3rd Place in Transparency Index, Records Historic Leap in Integrity Score

    Nigeria and the Genocide Lie That Refuses to Die By Kabir Abdulsalam

    FULL TEXT INDEPENDENCE SPEECH: Tinubu Hails Nigeria’s Progress at 65 Tinubu, Lists Achievements, Promises Brighter Future

    President Bola Ahmed Tinubu

    Nigeria @ 65: Tinubu Hails Armed Forces, Claims Victory Over Boko Haram, IPOB, Bandits

    Bayo Onanuga: Between Bolekaja Publicity and Public Relations

    Recent Posts

    • Tinubu: Shuttle Diplomacy and the Power of Showing Up
    • MAAUN Public Health Students Host Seminar to Combat Drug Abuse and Preventable Diseases
    • FutureMap Graduates Over 1,000 Students from STEAM Camp in Jigawa
    • Finally, Tinubu’s Embattled Minister Resigns Amid Certificate Scandal
    • Tinubu Confers National Honour on Outgoing INEC Chairman Mahmood Yakubu
    • Home
    • About
    • Adverts
    • Contact
    © 2020 PRNigeria. All Rights Reserved.
    Latest News
    Tinubu: Shuttle Diplomacy and the Power of Showing UpMAAUN Public Health Students Host Seminar to Combat Drug Abuse and Preventable DiseasesFutureMap Graduates Over 1,000 Students from STEAM Camp in JigawaFinally, Tinubu's Embattled Minister Resigns Amid Certificate ScandalTinubu Confers National Honour on Outgoing INEC Chairman Mahmood YakubuArmy Partners Media to Tackle Fake News, Boost National SecurityBadaru Hails NAF’s Vision, Commissions New Headquarters Annex in AbujaJUST IN: INEC Boss Prof. Yakubu Hands Over Leadership to Acting ChairTroops Repel Terrorists Attacks in Borno, Launch Rescue Operation for Abducted VillagersCAN Refutes ‘Christian Genocide’ Claims, Says Violence in Nigeria Affects All FaithsAlleged Certificate Forgery: Why Uche Nnaji Must Resign or Get Fired ImmediatelyPantami Foundation Graduates 250 Gombe Youths in Tech, EntrepreneurshipTinubu Orders NAHCON to Reduce 2026 Hajj FaresSecurity Operatives Nab Influencers Over Defamatory Campaign Against Senator Shehu BubaArmy Dislodges Bandits in Taraba Forests Under Operation Lafiya Nakowa
    X whatsapp