Nigeria’s e-commerce industry estimated to hit $14.92bn by 2029

Nigeria’s e-commerce industry has been forecast to grow at a compound annual growth rate of 11.82% to $14.92bn in 2029.

The company noted that “the e-commerce market in Nigeria is estimated to be around $8.53 billion in 2024. It is expected to grow at a compound annual growth rate of 11.82% during the forecast period , reaching approximately $14.92 billion by 2029”. “This move signals the company’s commitment to bringing its signature homemade meals directly to consumers across the country”.

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Tinubu secured $20bn investment to revolutionise agriculture, economyMr Shettima said that these investments include $14 billion from India and $250 million from the Netherlands, with commitments of $500 million each for lithium development in Nasarawa State and from Germany.
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