The fashion e-commerce sector presently contributes to 37 per cent revenues to Nigeria’s economy, says DrEzaYakusak, CEO, Nigeria Export Promotion Council (NEPC),
Yakusakadds, fashion including textile and footwear sub-sector remains the second largest contributor to Nigeria’s Gross Domestic Products (GDP) after food, beverages and tobacco according to latest Statista 2020 figures.
Given the present circumstances, Nigeria has no option but to support the growth of its non-oil revenue sector for her economy to recover fast, Yakusak adds
There is no longer any doubt that sectors such as the apparel, garment, arts and craft, cosmetics and the beauty industry have continued to make tremendous contributions to the growth of the nation’s GDP.
’Available statistics from ecommercedb.com indicates that e-commerce transactions in 2020 was over $5 billion, presently, it is ranked 35th largest market for e-commerce globally with yearly record growth of 42 per cent.
Yakusak emphasized that NEPC is willing to render support to individuals and organizations that present viable and services of various sectors all of which forms the basis of its partnership with Agogo Africa to launch a credible platform to onboard fashion and related sectors for trading.
