Business Nigeria's e-Commerce Industry Struggles With Logistics, Payment and Funding Problems

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Nigeria's e-commerce sector, reportedly worth $10bn, is facing several challenges - funding, logistics and payment systems- which should be attended to immediately, Daily Independent says.

Excerpt:

Although Nigeria’s electronic commerce industry is projected to have a market potential worth about $10 billion, the sector is said to be grappling with some challenges, which now requires urgent attention.

Chief of the challenges facing the $550 million sub-Sector are the issues of logistics; payment system and local funding for the business.

Reports have it that the sector is has attracted significant foreign investments as two of the leading players in the sector received $50 million (N8.25 billion) investments in the last 18 months.

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