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

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