In Nigeria is the 35th largest market for eCommerce with a revenue of US$5 billion in 2020, placing it ahead of Czech Republic and behind Israel.
With an increase of 42%, the Nigerian eCommerce market contributed to the worldwide growth rate of 26% in 2020. Revenues for eCommerce continue to increase. New markets are emerging, and existing markets also have the potential for further development. Global growth will continue over the next few years. This will be propelled by East and Southeast Asia, with their expanding middle class and lagging offline shopping infrastructure.