ADVERTISEMENT
TechEconomy
Sunday, May 11, 2025
No Result
View All Result
Advertisement
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Digitisation Policy Impacting Nigeria’s eCommerce Market Projected to Reach $75 billion by 2025 – Kashifu Inuwa

Digitisation Policy Impacting Nigeria’s eCommerce Market Projected to Reach $75 billion by 2025 – Kashifu Inuwa

Techeconomy by Techeconomy
December 5, 2022
in Commerce
1
Nigeria eCommerce Market Projected to Reach $75 billion by 2025
Kashifu Inuwa, DG NITDA, speaks on potentials of Nigeria's ecommerce market

Kashifu Inuwa, DG NITDA, speaks on potentials of Nigeria's ecommerce market

RelatedPosts

Diana Tenebe writes on Food Insecurity in Nigeria | Nigeria's foodtech sector

Navigating the Maze: Solutions for Nigeria’s Flourishing Foodtech Industry

May 6, 2025

Industry Summit: Experts Unravel How to Navigate Consumer Preferences in the Nigerian FMCG

May 3, 2025

Kashifu Inuwa, the Director General of the National Information Technology Development Agency (NITDA) has said that the digitisation policy drive of the Federal Government as contained in the National Digital Economy Policy and Strategy (NDEPS) is impacting positively in corporate governance, Business-to-Business (B2B), Business-to-Customer (B2C), and Business-to-Government (B2G) relationships.

Inuwa stated this while delivering a good will message at the Validation Workshop for the National eCommerce Policy and Strategy by the National Advisory Committee, on Electronic Commerce and Digital Economy (NACEDE), which took place in Abuja.

He said, Digital Economic sector, which is a super-set of e-commerce, remains key to Nigeria’s economic recovery in the post-COVID era, deploying new technological innovations, such as e-commerce platforms, including social media-enabled trading handles, and ensuring rapid uptake of e-commerce for economic growth and competitiveness.

“Nigeria is experiencing the positive impact of e-commerce activities due to the growing increase in access to the Internet and related IT tools and services. The contributions of the telecommunications sector to the National Gross Domestic Product (GDP) was an average15% in July 2022 and experienced 44.5% broadband penetration with active internet subscriptions that peaked at 151 million,” Inuwa said.

The DG who was represented by Engineer Salisu Kaka, Acting Director, Digital Economy and Developement Department, further said,

“We have approximately 2000 digital innovation companies with 384 products in Nigeria. These Startups have raised over $2 billion in venture capital funding in 2021 alone. With an estimated 89,000 developers representing 12% of the African developers’ population, Nigeria’s e-commerce market size is about $17 billion. 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 eCommerce 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.

“Global corporations now operate with much consistency while MSMEs experience enhanced participation in international value chains, increased market access and reach improved internal and external market efficiency, and lower transaction costs,” he noted.

He also said that there is a need to maintain the tide and optimise the benefit of technology and e-commerce, which have necessitated Nigeria to have a robust national e-commerce policy and strategy.

“Additionally, Nigeria is a signatory to bilateral, regional, continental, and global treaties on trade and trade-related activities. Having a national policy that recognized these treaties is necessary for the mutual benefit of member nations.

United BANK

“The policy will help us as a nation to make use of trade agreements that facilitate e-commerce for national benefits and avoid possible distortions that could jeopardize the optimization of the opportunities in e-commerce and hinders the growth of our businesses.

“The Federal Government of Nigeria, under the leadership of His Excellency, President Muhammad Buhari (GCFR), through the supervision of Prof. Isa Ali Ibrahim Pantami, the Minister of Communications and Digital Economy, is keen on ensuring developments in Nigeria’s Digital Economy sector. I believe that e-commerce policy is central to these developments”, he added.

Mr. Suleman Adebayo Audu, the Chairman of NACEDE/ Director of the Commodities and Export Department, at the Federal Ministry of Industry, Trade and Investment, in his earlier remarks stated that taking advantage of the Digital Economy will boost the growth of eCommerce across the country thereby bringing Foreign Direct Investment (FDI), and grow the economy.

Adebayo averred that this policy document represented the priority of the Federal Government, the workshop will provide an avenue for inclusiveness of citizens to partake in the decision-making, and contributes ideas, initiatives, and critics that will be beneficial to the policy document before the full implementation for the benefit of the country.

The policy document will be compiled as part of the scorecard of the present administration which will boost the operations of eCommerce across the country.

The workshop organised by the Agency in collaboration with the Federal Ministry of Industry, Trade, and Investment (FMITI), aimed at providing a platform to review, deliberate, and contribute towards the full implementation of the policy document.

NITDA in collaboration with the Trade Department of the Federal Ministry of Industry, Trade and Investment (FMITI), have jointly worked to produce the draft National eCommerce Policy and Strategy document for Nigeria. The work is part of the Nigerian Government’s efforts to meet the ECOWAS, AU, and the global requirements for trade development in general and e-commerce in particular.

Loading

United BANK

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares

Tags: eCommerceNACEDENITDASuleman Adebayo Audu
Previous Post

SERVICOM: NITDA Committed to Improved Service Delivery – DG

Next Post

NITDA Denies Govt’s Involvement in ‘National Startup Investment Fund Program’

Techeconomy

Techeconomy

Related Posts

Diana Tenebe writes on Food Insecurity in Nigeria | Nigeria's foodtech sector
Commerce

Navigating the Maze: Solutions for Nigeria’s Flourishing Foodtech Industry

by Techeconomy
May 6, 2025
0

Nigeria's foodtech sector holds immense promise to transform our nation's food production, distribution, and consumption systems. However, this burgeoning industry...

Read more
The Industry Summit by The Industry Newspaper | consumer and FCMG

Industry Summit: Experts Unravel How to Navigate Consumer Preferences in the Nigerian FMCG

May 3, 2025
Temu Prices Skyrocket as Trump’s Tariffs Hit U.S. Shoppers

Temu Prices Skyrocket as Trump’s Tariffs Hit U.S. Shoppers

April 28, 2025
QNET Dissociates from Mighty Infinity Millionaire

QNET Dissociates from Mighty Infinity Millionaire, Reaffirms Ethical Standards in Nigeria

April 23, 2025
Shopify Sued in California

Shopify Accused of Secretly Planting Tracking Cookies on Users’ Phone to Harvest Personal Data

April 22, 2025
PETER LUDI, Managing Director of redPanda Solutions | Retailers

Retailers Need to be Self-enabled to Maintain Control of their Technology Stacks

April 16, 2025
Next Post
NITDA Denies National Startup Investment Fund Program - gettyimages-1196970115

NITDA Denies Govt’s Involvement in ‘National Startup Investment Fund Program’

Comments 1

  1. Pingback: Out of Stealth, Kapu Raises $8 million to enable affordability in the retail sector

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

CYBERSECURITY ESSENTIALS
byTecheconomy

BUILDING STRONGER NETWORKS AND COMMUNITIES

CYBERSECURITY ESSENTIALS
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Filmmaking and Technology: A chat with Micheal Chineme Ike
June 7, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz
uba

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.