The Federal Government has said that the trading from e-commerce in the country is estimated to hit $13bn by the of this year even as it targets about $75bn come 2025.
The Permanent Secretary, Ministry of Industry, Trade and Investment, Dr Evelyn Ngige stated this in Abuja at the Second National E-commerce Roundtable Session in Nigeria.
Represented by the Director, Commodities and Export Department (CED), FMITI, Mr Suleiman Audu on Tuesday, Ngige also said this encouraging trend has attracted the entrance of payment service providers in the e-commerce market.
She noted that the Federal Ministry of Industry Trade and Investment has prioritised e-commerce as a major programme that would play a critical role in the promotion of commodity trade especially, with the current realities of the unprecedented global pandemic.
Ngige said her ministry was open to collaborating with any organisation that would support the development of the e-commerce ecosystem in Nigeria.
She also expressed optimism that the stakeholders’ engagement would provide a new frontier for e-commerce businesses to thrive in Nigeria as a tool for the diversification of the nation’s economy.
According to him, the second edition of the e-commerce roundtable session will consolidate on the achievements of the first session and align discussions to current realities especially in the impact of Covid -19.
She said the advent of Covid-19 has turned global attention to the importance of e-commerce in the conduct of businesses around the world