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Banks Asked To Make E-commerce Viable To All Nigerians

The Minister of Communication Technology, Mrs Omobola Johnson, has asked banking institutions in Nigeria to re-double efforts in ‎making electronic commerce more viable to low … Continue reading Banks Asked To Make E-commerce Viable To All Nigerians


Omobola_JohnsonThe Minister of Communication Technology, Mrs Omobola Johnson, has asked banking institutions in Nigeria to re-double efforts in ‎making electronic commerce more viable to low income earners.

Mrs Omobola, who spoke at an event organised by the Chartered Institute of Bankers of Nigeria said using the e-commerce platform could help generate over 10 billion Naira for the country in the next three years.

At the moment Nigeria’s e-commerce system is one of the fastest growing systems in the world, with vast opportunities available for investors to tap into.

“We are looking at an industry that will be about a 10 billion dollar industry within the next two to three years.

“Even at 10 billion dollars, we are just scratching the surface. What is really going to drive this industry is the capacity for the low income Nigerians to make payment on this infrastructure at little or no cost,” she said.