Nigeria, home to the largest market in Africa and a population of over 200 million. In the last decade the online shopping market in Nigeria has changed the way people shop and has allowed Nigerians to access goods internationally. The online shopping subsector had an annual growth of 20.5% in the period of 2019-2023. This market is growing at a rapid pace and bringing new opportunities to Nigeria.
The logistics and E-commerce sectors are currently one of the fastest growing areas in Nigeria. Nigeria recently completed the construction of the $1.5 billion Lekki Deep Sea Port and will begin working on Lekki Lagos Airport. The Lekki Airport is expected to assist manufacturers and other business owners within the area to transport their products abroad. This project will alleviate the traffic at the Apapa port by creating additional logistics routes.
Jumia has paved the way as an E-commerce platform suited for Africa. Jumia was founded in Nigeria and has been largely successful, dispersing across Africa. This company has mastered the logistics network in Nigeria and surrounding countries and should be used as inspiration for other businesses and start-ups looking to take advantage of the opportunity in Nigeria. Jumia has been a pioneer for Nigeria in the E-commerce sector and has encouraged more entrepreneurial endeavors and economic growth.
With these two markets growing alongside each other the demand for unique logistic solutions rises. The government has invested in infrastructure allowing for these logistic solutions and E-commerce is taking off. Demand to meet these solutions will continue to rise.
Mail Boxes Etc., a leader in the logistics and service industry for more than 40 years, plans to exploit this potential, in partnership with a master franchisee. If you're interested in learning more about this opportunity, please fill out this contact form. We look forward to exploring this exciting opportunity with you.
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