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E-commerce to foster Buhari's plan to diversify economy

10 September 2015, 13:00

Abuja - Nigeria's largest online supermarket and grocery delivery service has outlined how e-commerce will foster President Muhammadu Buhari's plan to diversify the economy following the fall in the oil price.

According to Supermart.ng, trade and commerce is fast becoming an indispensable component of the non-oil sector of the Nigerian economy.

The wholesale and retail space for instance currently accounts for about
$100 billion.

This according to a McKinsey report has a potential of increasing to $300 billion by 2030.

Also read: SME sector to steer Nigeria into leading global economy

“The current traditional Wholesale and Retail business as we have it today is generally unorganized. What e-commerce companies like Supermart.ng has done however is to organise the market such that consumers can get everything they want in just one spot,” said spokesperson of Supermart.ng, Oluwatayo Alofun.

“This makes them to buy more. This explains why supermart.ng has partnered with leading supermarkets and local markets to put up a one stop shop online with over 60,000 items including Fresh food, foreign products, Nigerian ingredients, general groceries and baby products among others which will be delivered to buyers in as early as three hours of order.”

Alofun noted that there was need to create an atmosphere for buyers to buy more and sellers to sell more.

He noted that when sellers are able to make more sales it leads to business expansion which automatically creates room for more employments and also contribute to national growth.

- CAJ News


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