Have you seen some of the Nigerian E-commerce Stats by Philips Consulting?

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Philips Consulting released its second report on E-commerce in Nigeria and it claims it is “rapidly” growing. This is a follow up to its first report published in 2014 and there are some interesting takeaways:

  • 78 per cent prefer to pay for items upon delivery, rather than pay in advance
  • Yudala emerged as the joint third preferred retailer after only a year of operations
  • 52% of respondents revealed that they had experienced problems shopping online

Obviously a sample size of just 3000+ is inadequate to generalize 170 million people but it is rare insight that isn’t really available in Nigeria. Maybe the report of Nigeria’s senate wanting to regulate E-commerce might bring about more data? How crucial is such data to attracting investments into Nigeria’s emerging tech scene?

You can watch Bayo Adesanya, Associate Partner at Phillips Consulting, discuss the report here.

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I was just about to make a post about the e-commerce bill by the Nigerian Senate.

Apparently this is their definition of e-commerce:

http://www.nairaland.com/3430423/ekweremadu-presides-plenary-senate-reviews

Are they talking about regulating e-commerce and payment systems or are they talking about regulating the INTERNET??

Now I need to know what’s in that bill.

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