The Federal Government announced on Saturday that it was working to develop an e-commerce plan to support the sector’s growth.
This was announced by Otunba Niyi Adebayo, Minister of Industry, Trade, and Investment, in Abuja at a stakeholders’ forum on e-commerce and digital trade strategy for Nigeria.
In order to put the economy on a sustainable growth path, Adebayo observed that there was no better moment than the present to diversify the country’s economy away from the oil industry by creating a vibrant, lucrative, and effective non-oil sector.
He claimed that by 2025, the nation’s online shopping population, which stood at 76.7 million in 2021, would have increased to 122.5 million.
The minister, who was represented by the director of the ministry’s commodities and export department, Suleman Audu, stated that Nigeria was actively taking part in the current WTO negotiations to advance e-commerce.