E-commerce Will Remain The Core Driver Of The Nigerian Economy – Shobanjo

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• The Chief Executive Officer of Troyka Group, Mr. Biodun Shobanjo, said that e-commerce would remain the engine room and core driver of the Nigerian economy.
• He stated this while delivering the keynote address entitled “Internet and E-commerce Revolution in Nigeria: Where We Have been, Where We Are Heading and How to Get There?’’ at the Konga 2015 Seller Summit in Lagos .
• According to him, in 2014, the total global retail trade was about 32.49 trillion dollars and e-commerce contributed about 1.3 trillion dollars. He said the marketplace ecosystem should engender sales and marketing which would produce personal and community growth.

“E-commerce mirrors the village center and Konga should be seen as a village market on the Web where there is equal access and multiple accesses for buyers. In e-commerce, mutual trust and relationship mattered a lot,” he added.

• While welcoming participants to the event, Founder & Chief Executive Officer of Konga.com, Sim Shagaya said the Konga 2015 Seller Summit was in line with its vision of being the engine of trade and commerce in Africa.

“E-commerce is one of the fastest growing and most dynamic business sectors in the world today. The situation in Africa is quite unique; the need to create and build from the scratch is ubiquitous. At Konga, we quickly realized the opportunity to partner with our valued sellers and pool our individual strengths to succeed despite the various impediments in building vibrant small and medium businesses. We firmly believe that the Konga marketplace enables us to function at our best; allowing us to provide our valued customers with great customer experience, convenient shopping and swift logistics solutions,’’ Shagaya said.