• Technology
    • Telecoms
      • Broadband
    • EnterpriseTECH
    • ConsumerTech
      • Gadgets and Appliances
      • Apps
      • Accessories
      • Reviews
      • Unboxing
    • Security & Data Protection
    • How To
    • GameTech
  • Business
    • Company News
    • StartUPs
      • Founder’s Story
      • Funding
    • Deals
    • People & Moves
    • SME & Entrepreneur Focus
      • BUSINESS SENSE FOR SMEs
    • Competition & Market Positioning
    • Commerce & Mobility
    • Travel
    • WomenPreneurs
  • Economy
    • Macroeconomic Trends
      • Macro Monday
      • TE Insights
    • Finance
      • Banks
      • Fintech
      • Insurance
      • Digital Assets
      • Personal Finance
    • Policies
      • Tech & Society
    • Market Analysis
    • Jobs & Workforce Economy
  • Features
    • Guest Writer
      • Chidiverse
      • Digital Lens
    • EventDIARY
    • IndustryINFLUENCERS
    • MarkTECH
    • NewsEXTRA
  • Editorial
  • Brand Content
  • TECHECONOMY TV
  • About Us
  • Contact Us
Tech | Business | Economy
  • Technology
    • Telecoms
      • Broadband
    • EnterpriseTECH
    • ConsumerTech
      • Gadgets and Appliances
      • Apps
      • Accessories
      • Reviews
      • Unboxing
    • Security & Data Protection
    • How To
    • GameTech
  • Business
    • Company News
    • StartUPs
      • Founder’s Story
      • Funding
    • Deals
    • People & Moves
    • SME & Entrepreneur Focus
      • BUSINESS SENSE FOR SMEs
    • Competition & Market Positioning
    • Commerce & Mobility
    • Travel
    • WomenPreneurs
  • Economy
    • Macroeconomic Trends
      • Macro Monday
      • TE Insights
    • Finance
      • Banks
      • Fintech
      • Insurance
      • Digital Assets
      • Personal Finance
    • Policies
      • Tech & Society
    • Market Analysis
    • Jobs & Workforce Economy
  • Features
    • Guest Writer
      • Chidiverse
      • Digital Lens
    • EventDIARY
    • IndustryINFLUENCERS
    • MarkTECH
    • NewsEXTRA
  • Editorial
  • Brand Content
  • TECHECONOMY TV
  • About Us
  • Contact Us
No Result
View All Result
  • Technology
    • Telecoms
      • Broadband
    • EnterpriseTECH
    • ConsumerTech
      • Gadgets and Appliances
      • Apps
      • Accessories
      • Reviews
      • Unboxing
    • Security & Data Protection
    • How To
    • GameTech
  • Business
    • Company News
    • StartUPs
      • Founder’s Story
      • Funding
    • Deals
    • People & Moves
    • SME & Entrepreneur Focus
      • BUSINESS SENSE FOR SMEs
    • Competition & Market Positioning
    • Commerce & Mobility
    • Travel
    • WomenPreneurs
  • Economy
    • Macroeconomic Trends
      • Macro Monday
      • TE Insights
    • Finance
      • Banks
      • Fintech
      • Insurance
      • Digital Assets
      • Personal Finance
    • Policies
      • Tech & Society
    • Market Analysis
    • Jobs & Workforce Economy
  • Features
    • Guest Writer
      • Chidiverse
      • Digital Lens
    • EventDIARY
    • IndustryINFLUENCERS
    • MarkTECH
    • NewsEXTRA
  • Editorial
  • Brand Content
  • TECHECONOMY TV
  • About Us
  • Contact Us
No Result
View All Result
Tech | Business | Economy
No Result
View All Result

Meta’s Contribution to Nigerian Economy Valued at $820m

… 81% of Nigerian Businesses say Meta has expanded their customer base – new research

Peter Oluka by Peter Oluka
May 21, 2026
in Company News
0
Meta’s Contribution to Nigerian Economy
L-r: Dr. Beluchi Nwanisobi, Deputy Director, Digital Economy Department, NCC, representing, Dr. Aminu Maida, The Executive Vice Chairman (EVC) and CEO of the Nigerian Communications Commission (NCC); Charles Odii, Director-General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN); Kojo Boakye, Vice President, Public Policy, Africa, Middle East and Turkiye, Meta; Dr. Bosun Tijani, Honourable Minister, Federal Ministry of Communications, Innovation and Digital Economy (FMCIDE); Sade Dada, Head of Public Policy, Anglophone West Africa, Meta; Kashifu Inuwa Abdullahi, The Director-General and CEO of the National Information Technology Development Agency (NITDA), at the launch of the Nigeria’s Digital Economy report hosted by Meta which held in Abuja on Thursday, May 21, 2026.

L-r: Dr. Beluchi Nwanisobi, Deputy Director, Digital Economy Department, NCC, representing, Dr. Aminu Maida, The Executive Vice Chairman (EVC) and CEO of the Nigerian Communications Commission (NCC); Charles Odii, Director-General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN); Kojo Boakye, Vice President, Public Policy, Africa, Middle East and Turkiye, Meta; Dr. Bosun Tijani, Honourable Minister, Federal Ministry of Communications, Innovation and Digital Economy (FMCIDE); Sade Dada, Head of Public Policy, Anglophone West Africa, Meta; Kashifu Inuwa Abdullahi, The Director-General and CEO of the National Information Technology Development Agency (NITDA), at the launch of the Nigeria’s Digital Economy report hosted by Meta which held in Abuja on Thursday, May 21, 2026.

Virtually all Nigerian businesses surveyed say Meta’s platforms have expanded their customer reach, according to new independent research that finds Meta is contributing an estimated $820 million (approx. ₦1.27 trillion) in annual economic value to Nigeria today, with AI adoption set to add $22 billion to GDP by 2035.

The “Nigeria’s Digital Economy” report, conducted by independent research firm Public First, finds that under the right conditions this figure could grow to $2 billion as digital adoption deepens, with Meta’s platforms functioning as essential digital infrastructure connecting Nigerian entrepreneurs to customers, markets, and new economic opportunity.

The findings reveal that 14 million Nigerian SMEs used Meta’s apps, Facebook, Instagram, WhatsApp, Messenger, Meta AI, and Threads, to start and grow their businesses in 2025, contributing $2 billion to Nigeria’s GDP and delivering an estimated $640 million in productivity gains through more efficient instant messaging.

WhatsApp is Nigeria’s gateway to AI

WhatsApp is playing a central role in connecting Nigerians to AI and new economic opportunities across the region.

The platform serves as Nigerians’ primary AI surface, reflecting the wider regional pattern where 93% of Meta AI prompts in Sub-Saharan Africa are made via WhatsApp, demonstrating how AI adoption in Nigeria is happening through the tools people already use every day.

Balkissa Ide Siddo, Director of Public Policy, Sub-Saharan Africa at Meta, said:

“Nigeria is one of the most dynamic, entrepreneurial and digitally engaged markets in the world, and this research makes clear the scale of what is possible when Nigerian ambition meets the right digital tools. From a tailor in Lagos reaching customers across the country through Instagram, to a small business owner in Kano taking orders on WhatsApp, to a creator in Abuja building a global audience on Facebook, Meta’s platforms are removing the traditional barriers to growth and unlocking real economic opportunity.

The fact that 80% of Nigerians say access to reliable internet has improved compared to a decade ago speaks to the progress already made and with continued investment in connectivity, smart policy that supports innovation, and the rise of open-source AI built for and by Africans, Nigeria is exceptionally well positioned to lead the continent’s next decade of digital growth. We are proud to be a long-term partner in that journey.”

AI and Nigeria’s next growth frontier

The research highlights the transformative potential of artificial intelligence for Nigeria’s economy and innovation ecosystem:

  • AI could add $22 billion to Nigeria’s GDP by 2035 with the right combination of investment, policy and innovation.
  • 87% of online Nigerians say AI products developed within Africa will be important for the continent’s economic growth.
  • Open-source AI gives Nigerian developers, businesses and creators the opportunity to build solutions in local languages, for local needs.

SMEs are reaching new customers across Nigeria

For Nigerian small businesses, Meta’s platforms have become a primary sales and discovery channel. 81% of online businesses surveyed said Facebook, Instagram, and WhatsApp have expanded their customer base beyond their local geography, reducing customer acquisition costs and giving a business in Kano access to the same advertising and commerce tools available to businesses in Lagos, London or New York.

93% of online adults say they feel more connected to a wider community through Meta’s family of apps, reflecting how deeply these platforms are woven into everyday life, commerce and community in Nigeria.

Alison Neyle, director at Public First, said:

“Nigeria’s digital transformation is creating new opportunities for businesses, creators and consumers alike. The findings show that Meta’s platforms are helping Nigerian firms grow across formal and informal sectors, supporting entrepreneurship and strengthening participation in one of the world’s most rapidly expanding digital economies. With the right combination of infrastructure, platform access and open-source AI, the upside for Nigeria is significant.”

Please follow and like us:
fb-share-icon
Tweet
Pin Share
Ad 16
Tags: Meta and Nigerian economyWhatsapp
Previous Post

Nigerians Can Now Repair Damaged Phones for as Low as N5,000 as CubeCover, SLOT Launch SuperFix

Next Post

Truecaller Introduces Travel eSIM, Now in 29 Countries

Next Post
Truecaller eSIM

Truecaller Introduces Travel eSIM, Now in 29 Countries

Leave a Reply Cancel reply

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

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

TECHECONOMY YOUTUBE CHANNEL

Search

No Result
View All Result
  • Technology
  • Business
  • Economy
  • Features
  • Editorial
  • Brand Content
  • TECHECONOMY TV
  • About Us
  • Contact Us

© 2026 Techeconomy - Techeconomy.

No Result
View All Result
  • Technology
    • Telecoms
      • Broadband
    • EnterpriseTECH
    • ConsumerTech
      • Gadgets and Appliances
      • Apps
      • Accessories
      • Reviews
      • Unboxing
    • Security & Data Protection
    • How To
    • GameTech
  • Business
    • Company News
    • StartUPs
      • Founder’s Story
      • Funding
    • Deals
    • People & Moves
    • SME & Entrepreneur Focus
      • BUSINESS SENSE FOR SMEs
    • Competition & Market Positioning
    • Commerce & Mobility
    • Travel
    • WomenPreneurs
  • Economy
    • Macroeconomic Trends
      • Macro Monday
      • TE Insights
    • Finance
      • Banks
      • Fintech
      • Insurance
      • Digital Assets
      • Personal Finance
    • Policies
      • Tech & Society
    • Market Analysis
    • Jobs & Workforce Economy
  • Features
    • Guest Writer
      • Chidiverse
      • Digital Lens
    • EventDIARY
    • IndustryINFLUENCERS
    • MarkTECH
    • NewsEXTRA
  • Editorial
  • Brand Content
  • TECHECONOMY TV
  • About Us
  • Contact Us

© 2026 Techeconomy - Techeconomy.