Business
E-Commerce: Analysts Foresee End To Physical Shopping In Nigeria
Some economic analysts and entrepreneurs have in Lagos, projected that E-commerce, especially online shopping, may eventually faze out physical shopping in Nigeria.
The analysts, who spoke with newsmen yesterday said that wholesalers and retailers across various sectors of the economy were gradually embracing internet solutions to their businesses.
A Doctor of Economics and Branding Strategist Dr Femi Odukunle, told reporters that business organisations were utilising opportunities presented by the internet to ensure accessibility of their products.
“E-commerce offers many online marketing opportunities to companies worldwide.
“The rapid growth of online shopping has impressed many retailers to sell products and services through online channel to expand their market,’’ he said.
President, Association of Small and Medium Business Owners Mr. Jude Onyeama said that many SME operators were utilising various shopping sites like Konga, Jumia, Kaymu and Dealdey to sell their products.
“We used Google ads and social media to advertise our products before the advent of online shopping in Nigeria.
“It used to be a European culture that we often thought could not be embraced in Nigeria because of the logistics involved.
“ It is heart-warming that consumers can now buy products ranging from household items, clothing, food and other durable items online in Nigeria,’’ he said.
Oyeama said that payment on delivery, free shopping coupons and free shipping were some of the strategies the organisations were using to attract shoppers to their websites.
Mr Sesan Ademoye, an Online Marketing Executive, said that the proliferation of online shopping would yield profits for manufacturers and financial institutions.
“Many of these online shopping sites often enter into partnerships with banks to enable online payments for goods purchased.
“ The creation of wider market for a company’s product will in turn yield increased profit for the company,’’ he said.
He noted that there was a need for managers of various online shopping websites to study consumer attitude to online shopping and what fluence their patronage.
“This will help address the needs and demands of the shoppers,’’ he said.
Mrs Iyabo Doherty, an online shopper, expressed concern over the unfriendly attitude of some customer care officers of online shopping sites.
She noted that the officers usually fail to respond promptly to orders or cancellation by customers.
Mr Henry Tomori, another online shopper, also said that some products displayed on some online shopping sites were of low quality and largely over-priced.
“The operators of these sites often factored the cost of running free delivery into the overall cost price of these goods.
“They prefer to sell inferior goods and offer free delivery instead of selling quality goods,’’ he said.
Mr Jude Tamuno, a Sales Executive with an online shopping site, told reporters that customers could reject goods purchased at the point of delivery.
“It is advisable for customers to select pay-on-delivery option while shopping online.
“This will make it easy for them to reject low quality goods at the point of delivery.
“It will also save them the stress of processing refund for goods they might have paid for,’’ he said.
Business
USTR Criticises Nigeria’s Import Ban On Agriculture, Others
The United States Trade Representative (USTR) has criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters.
This is the effect of President Donald Trump’s tariffs introduction on goods entering the United States, with Nigeria facing a 14 per cent duty.
The USTR highlighted the impact of Nigeria’s import ban on various sectors, particularly agriculture, pharmaceuticals, beverages, and consumer goods.
The restrictions affect items such as beef, pork, poultry, fruit juices, medicaments, and alcoholic beverages, which the United States sees as significant barriers to trade.
The agency argues that these limitations reduce export opportunities for United States businesses and lead to lost revenue.
“Nigeria’s import ban on 25 different product categories impacts United States exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
“Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit United States market access and reduce export opportunities.
“These policies create significant trade barriers that lead to lost revenue for United States businesses looking to expand in the Nigerian market”, the agency said .
In 2016, Nigeria implemented the ban on these 25 items as part of efforts to control imports and stimulate local production.
Some of the banned items include poultry, pork, refined vegetable oil, sugar, cocoa products, spaghetti, beer, and certain medicines.
On March 26, 2025, the Federal Government also announced plans to halt solar panel imports to encourage local manufacturing as part of its push for clean energy.
Business
Expert Seeks Cooperative-Driven Investments In Agriculture
A leading agribusiness strategist and digital agriculture expert, Ayo Oluwa Okediji, has sought cooperative-driven investments in sustaining growth of poultry industry in Nigeria.
He said the poultry industry was at a defining moment and requires urgent structural reforms to secure its future and ensure long-term sustainability.
Speaking on the theme, “Strengthening Poultry Farming Through Cooperative Synergy and Strategic Investments”, at the recently concluded Oyo Mega Poultry Workshop 2025 in Ibadan, Okediji called on poultry farmers, cooperative leaders, financial institutions and policy makers to rethink the existing structure of the poultry sector.
He stressed the need to transition from fragmented, individually-driven operations to well-structured, cooperative-led enterprises capable of attracting sustainable financing and securing long-term viability.
He said, “Our poultry sector cannot thrive on individual effort alone. We need to organise ourselves into cooperative clusters, build strong governance systems and position ourselves to attract the level of investment needed to sustain this industry beyond this generation.”
Drawing on lessons from successful global cooperative models such as Rabobank in the Netherlands and Landus Cooperative in the United States, Okediji introduced the FarmClusters Poultry Model, a locally adapted solution developed by Agribusiness Dynamics Technology Limited (AgDyna), a subsidiary of AgroInfoTech Africa.
According to him, the model is currently being piloted in Oyo State in partnership with PANOY Agribusiness Limited and local poultry cooperatives.
Business
NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers
The Rivers State Representative of the Nigeria Chambers of Commerce, Mines, Industries and Agriculture (NACCIMA), Mr. Erasmus Chukwundah, has urged palm oil farmers to consider hybrid seedlings for planting, if they must break even in palm oil business.
Chukwundah said this recently at the Free Oil Palm Business Climate Smart Best Management Practice/Assistance Training organized by Partnership Initiative In Niger Delta (PIND) for Palm Oil Farmers in Elele, Ikwerre Local Government Area.
The Rivers representative said until palm oil farmers begin to consider such hybrid oil palm seedlings, they may not meet up with the daily increasing demand of palm oil in the market.
According to him, the seedlings produce up to 30 bunches at once that ripen same time.
He said PIND decided to partner with Oil Palm Growers Association of Nigeria (OPGAN) to ensure that the message was received by the targeted audience.
According to him, palm oil remained a popular choice of industry operators as it could be converted to many other products such as vegetable cooking oil.
He also noted that products such as motor tyers, marine ropes and others are now gotten from the palm tree.
Chukwundah, who is the immediate past Director-General of Port Harcourt Chamber of Commerce, Mines, Industries, and Agriculture (PHCCIMA), further warned against use of unrecommended fertilisers in growing oil palms.
He noted that such practices could limit its export value or chances as the foreign marketers have a way of detecting such .
He reiterated the need for organic fertilizers, including poultry droppings, to enable them have a natural palm oil.
“People must reduce physical contact with palm oil production. That is why we are campaigning for hydrolic oil mills. The foreign markets are no longer interested in crude method of palm oil production”, he said.
Meanwhile, one of the farmers, Sonny Didia, who appreciated Chukwundah’s commitment towards the concern of farmers, appealed for an urgent need for loan opportunity with low interest rate in order to enable them beat the target.
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