Africa’s e-commerce giant, Jumia has received accolades from industry partners for driving the growth of e-commerce on the continent in the last 10 years of operation.
The online shopping company held its 10 years anniversary celebration at the Eko Hotel, Lagos, Wednesday with stakeholders across payments, ICT, logistics, and FMCGs in attendance.
The Nigeria Information Technology Agency Development (NITDA), DH one the largest and most trusted global shipping and logistics companies celebrated and share fine moments with Jumia.
From its early beginnings in Lagos as an online retail website, Jumia has grown rapidly within the last decade, becoming a household name representing digital commerce in Nigeria, while increasingly gaining authority in the logistics and digital payments space within the country and across Africa.
The company’s latest financial report shows that revenue increased by 44 percent, while its quarterly active subscribers increased by 28.7percent, from 2.4 million in Q1 2021 to 3.1 million in Q1 2022.
According to Kashifu Inuwa Abdullahi, Director General, NITDA, Jumia has been a worthy partner in the last decade and has shown resilience in driving the e-commerce industry, creating jobs, and being socially responsible.
The Director-General of NITDA was represented by Chioma Okeke, Head, South West Zonal Office
Abdullahi said in the last a decade of business operations in Nigeria Jumia has positively impacted the lives of millions of Nigerians and changed the face of the homeless in the country.
“Jumia is a worthy partner, we celebrate your success stories and commend your effort to shape the e-commerce industry in Nigeria.
“We have created more jobs for our youth and transformed the commercial face of wholesale and retail businesses while creating ease and comfort. To the Nigerian buyers. This is very commended and we do acknowledge you.”
Delivering a keynote address on “The Role of ICT in Shaping the Nigerian Economy”, Abdullahi said there is doubt the rapid development over the past decade has enabled several economic sectors to be more integrated, leading to a significant effect on the nation’s goods across for the National good across countries and sectors.
According to him, Information Technology has the potential to save costs, improve service quality reduce response time and access to services increased the effectiveness of e-commerce for all sectors of the economy.
Abdullahi said ICT creates a digital ecosystem that is transparent and still more compensated while eliminating bureaucracy for businesses restructuring administrating processes across global supply chains, financial services, healthcare, government, and many other industries.
“Innovators such as Jumia are exploring ways to disrupt and transform traditional process models. It is being said you innovate or die as a business.
“Many industry leaders have already achieved significant business benefits, including greater transparency, enhanced security, increase efficiency, speed of transactions, and reduce costs.”
NITDA boss said, in a timely moment, Nigeria needs to know the process of electronic transaction data in China it has led to very significant improvement in the level of development, efficiency, and productivity of global economies.
In order to benefit from the economic opportunities offered by electronic commerce federal government and businesses, organizations need effectively integrated information and communication technologies as the major components of the e-commerce campaign initiative.