E-commerce in Nigeria
E-commerce also known as electronic commerce, is simply the buying and selling of goods and services and cash transactions using the internet. Through the e-commerce industry, the modes of business transactions is been revolutionized, by providing consumers with the ability to bank, invest, purchase, distribute, communicate, and explore anytime and anywhere access to the internet is available.
Nigeria is described as the fastest growing telecommunications country in Africa with growth rates reaching an amazing 21,891.1% in 2014. As at 2008, there was a 90% increase in the number of Nigerian internet users from the year 2001.Businesses in the country have taken their means of communicating and trading with their consumers to the online space.
Electronic Commerce is transforming the processes of buying and selling goods. Its continued increase is changing the nature, timing, and technology of both business-to-business (B2B) and business-to-consumer (B2C) commerce.We all are aware, how badly people are addicted to shopping. But when it comes to online shopping, it becomes much more enjoyable and convenient. The future holds a lot of prospects and success for the e-commerce industry in Nigeria.