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E Commerce In Nigeria Essay

1855 Words8 Pages

An Overview of the Potential Impact of E-Commerce on Nigerian Firms
The Purpose of this study is to improve the knowledge of E-commerce. Also to bring out the history of e-commerce and how it has developed over the years, and will look at the potential impact it will have in Nigeria and the current stance of e-commerce in different countries across the globe.
Introduction
Electronic commerce has started to gain major stance across the world, its has brought about a brought about a new method of global communication and trade. With new technologies being invented every day to further help the cause it is hard to say how far this medium will go as it is still evolving. What exactly is E-commerce? Most people mistake it for internet commerce …show more content…

See Fig.1 below for more details

(Rao, 2003). These stages of development show how businesses grow from one stage where there is little or no e-commerce use to where they are fully integrated into this platform.
E-commerce has the ability to increase exponentially the productivity gains of an organization. It also has the potential impact to automate common processes such as logistics, sales, services, etc. In addition, because internet based can be used across any sector and firm, it is easy for it to be integrated into any value chain. In this environment, to succeed depends not only on competitive pricing, but also on sophisticated information links, forecasting capabilities and management systems (OECD, 2000). Nigeria has been seen as the fastest growing economy as regards to the telecommunication industry, as at June 2016 the telecoms industry contributed 9.80% to the country’s GDP which is a good increase from the 7.60% it was in 2014 (NCC, 2017). Even though less than 60% of the country’s population are active internet users, but what this implies is that there is still a growth expectancy of about 40% in the Nigeria internet

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