• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, August 5, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Adoption Of Mobile Tech To Shape Nigerian E-commerce Sector

by Royal Ibeh
2 years ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

Digital commerce is becoming the fastest growing commerce in the Nigerian market, even as the director of African Operations, Jiji Africa, Yuliy Shenfeld, has attributed the growth to the increasing adoption of technology and the rise of online payment platforms in the country.

Advertisement

A report by statista.com, revealed that, the e-commerce sector of the Nigerian economy is expected to peak at $9.02 billion in 2023 with an annual growth rate of 11.74 per cent, resulting in a projected market volume of $14.06 billion by 2027.

Shenfeld, while speaking to LEADERSHIP on the trends that are expected to shape the Nigerian e-commerce sector, stated that, although the Nigerian e-commerce industry faces several challenges, including; poor infrastructure, payment infrastructure, a general lack of trust in online transactions, non-reliable logistics and delivery networks, these challenges have in no way hindered the growth experienced in the industry.

“The reason being that e-commerce has the potential to play a significant role in the development of the Nigerian market by offering increased accessibility for Business owners and Job creation in areas such as software development, marketing, logistics, and customer service. It is a major growth driver that would improve the competitiveness of the Nigerian market on the global stage,” he stated.

Speaking on the adoption of technology, the director said,  more Nigerians are using their devices to make online purchases with the rise of smartphones and other mobile devices, adding that, the National Communication Commission (NCC) revealed that, 89 per cent of internet users make purchases online, with another 24 per cent planning to do so in the near future. 

RELATED

Rivers Set To Unlock New Frontiers As Port Harcourt Transforms To Int’l Energy Hub

Rivers Set To Unlock New Frontiers As Port Harcourt Transforms To Int’l Energy Hub

50 minutes ago
FULL LIST: Forbes Names Otedola Among Africa’s Top 20 Richest

‘Banks Sent Pretty Ladies To Me For Deposit, Asked Thugs To Recover Debt’, Billionaire Otedola Reveals

3 hours ago

On the growing interest in online payments, Shenfeld said, trust in online payment platforms is growing in Nigeria, making it easier for consumers to make purchases online. This trend, he said, has continued this 2023, as more consumers are becoming comfortable with digital transactions and online payment options, he added.

The director further said, the emergence of social media commerce will also boost the e-commerce, adding that, “Weetracker.com reports that the global social commerce market is set to reach a whopping $604.5 billion by 2027, with social media attracting high engagement levels from a wide audience. Hence, Social media platforms will continue to provide a convenient way for consumers to discover and purchase products.” 

E-commerce companies are also placing greater emphasis on providing seamless and personalised customer experience, from browsing to delivery and beyond, Shenfeld averred, adding that, this 2023, e-commerce companies have continued this trend as they strive to differentiate themselves from their competitors and build customer loyalty.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




SendShareTweetShare
Previous Post

Cashless Policy: Stanbic IBTC Reiterates Commitment To Seamless Transactions

Next Post

‘We Are Developing Standards To Push Commodities Globally’

Royal Ibeh

Royal Ibeh

You May Like

Rivers Set To Unlock New Frontiers As Port Harcourt Transforms To Int’l Energy Hub
Business

Rivers Set To Unlock New Frontiers As Port Harcourt Transforms To Int’l Energy Hub

2025/08/05
FULL LIST: Forbes Names Otedola Among Africa’s Top 20 Richest
Business

‘Banks Sent Pretty Ladies To Me For Deposit, Asked Thugs To Recover Debt’, Billionaire Otedola Reveals

2025/08/05
HEIRS Energies CEO To Advocate Africa’s Energy Sufficiency At US-Africa Energy Forum
Business

HEIRS Energies CEO To Advocate Africa’s Energy Sufficiency At US-Africa Energy Forum

2025/08/05
CBN Anchors Economic Stability With New Rates
Business

CBN Anchors Economic Stability With New Rates

2025/08/05
REA, Yobe Set To Convene Strategic Roundtable On 2023 Electricity Act
Business

REA, Esodora Sign MoU To Boost Energy Access Nationwide

2025/08/05
Abbey Mortgage Bank’s New Board Anticipates Growth
Business

Abbey Mortgage Appoints Okonkwo As ED

2025/08/05
Leadership Conference advertisement

LATEST

New APC Chairman Yilwatda Presides Over First NWC Meeting

Rwanda Agrees To Take 250 Migrants From US

Ex-Romanian President Iliescu Dies At 95

‘Tinubu’s Gov’t Worse Than Buhari’, Says Ex-Police Affairs Minister Waziri

Jigawa Releases N1.5bn For Civil Servants’ 2025 Agric Scheme

JUST-IN: Benue Assembly Suspends 5 Lawmakers

Lassa Fever: Nigeria’s Death Toll Rises To 155

‘Fish Out Killers Of 2 Youths,’ Benue Gov Orders Security Agencies

Rivers Set To Unlock New Frontiers As Port Harcourt Transforms To Int’l Energy Hub

Rotational Presidency Undermines Merit — Sowore

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.