E-Commerce Will Boost Economic Growth in Nigeria – Industrialist

Oyewale Oyelola

The Nigerian government has been advised to invest on infrastructures to aid e-commerce operation in Nigeria so as to boost her economic growth.

The Chief Executive Jumia Nigeria, Nicolas Martin stated this while speaking on potential of e-commerce for economic development.

Martin added that the e-commerce has potential of contributing about $500milliin to the country’s GDP annually.

He said, “The e-commerce business has the potential of contributing over $500million to Nigeria economy annually. Government need to provide infrastructures in terms of power, good road networks, Internet and others to boost the distribution chain in the country.

“The sector has the potential of contributing over 30 percent to Gross Domestic product of Nigeria, if Nigerians fully embrace e-commerce”.

He noted that the e-commerce sector would turn Nigeria to cashless society in future.

The Jumia Boss assured Nigerians that e-commerce operators, especially Jumia have provided security platform for online trading.