The Director General of the National Information Technology Development Agency (NITDA), Kashifu Abdullahi Inuwa, has said Nigeria’s e-commerce businesses rose to over $17 billion early this year.
Inuwa said Federal Government’s digitalisation policy had accelerated the growth of the e-commerce and other sectors in the past few years.
The NITDA boss predicted that by 2025, the nation’s annual e-commerce spending would hit $75 billion.
Inuwa said this in a goodwill message he delivered at a workshop on National e-Commerce Policy and Strategy organised by the National Advisory Committee on Electronic Commerce and Digital Economy (NACEDE) at the weekend in Abuja.
The NITDA boss was represented by the agency’s Acting Director of Digital Economy and Development Department, Salisu Kaka.
Inuwa said the Digital Economic sector, which he called a super-set of e-commerce, remained essential to Nigeria’s economic recovery in the post-COVID era.
“There is annual spending of about $12 billion in 2022, and this is projected to reach $75 billion by 2025.
“Micro, Small and Medium Enterprises (MSMEs) appear to be the major beneficiaries of the concept of e-commerce as it enabled MSMEs to operate in the global marketplace. MSMEs can now participate in regional businesses and enjoys social, economic, and cultural networks seamlessly across international boundaries.”
