Nigeria's e-shoppers to rise from 76.7 mn in 2021 to 122.5 mn by 2025

Minister handling the portfolio Otunba Niyi Adebayo revealed this at a recent stakeholder dialogue on e-commerce and digital trade policy for Nigeria in Abuja though his representative Suleman Audu, director, commodities and export department in the ministry.

The minister said the ministry is passionate about the growing investment opportunities in the e-commerce value chain. The sector grew from 14 per cent in 2019 to 17 per cent in 2020.

The current annual e-commerce spending in the country is estimated at about $13 billion, and is projected to rise to about $75 billion per annum by 2025, he was quoted as saying by Nigerian media reports.

Fibre2Fashion News Desk (DS)