NEPC eyes $2.7tn African market through e-commerce

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The Nigerian Export Promotion Council, NEPC, is targeting the $2.7 trillion African market through the instrumentality of e-commerce.

Speaking at the launch of Agogo Africa supported by NEPC and African Union on Tuesday in Abuja, the Chief Executive Officer, NEPC, Dr Ezra Yakusak, said e-commerce had become a big industry, citing a report by an online platform, ecommercedb.com, which said that Nigeria was ranked 35th largest market for e-commerce globally and recorded a yearly growth of 42 per cent.

He said e-commerce was one of the fastest growing industries in the global economy, noting that the estimated yearly growth was put at 23 per cent and the industry was projected to hit $27 trillion by the end of this decade. He noted that the NEPC was willing to render support to individuals and organisations like Agogo Africa that presented viable options that would enhance market access for Nigeria goods and services of various sectors.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines