Jumia, the largest e-commerce company in Africa, has received commendations from NITDA for leading the expansion of e-commerce on the continent throughout the its last 10 years of existence.
The Nigerian Information Technology Agency Development (NITDA), one of the biggest and most reputable international shipping and logistics firms, celebrated and enjoyed pleasant moments with Jumia.
Jumia started off as an online shopping website in Lagos and has since expanded quickly over the past ten years, becoming recognized as the face of digital commerce in Nigeria and acquiring dominance in the logistics and digital payments sectors both there and throughout Africa.
According to the company’s most recent financial report, revenue climbed by 44% while the number of active customers increased by 28.7%, going from 2.4 million in the first quarter of 2021 to 3.1 million in the first quarter of 2022.
Kashifu Inuwa Abdullahi, Director General of NITDA, asserts that Jumia has been a respectable partner over the past ten years and has persevered in advancing the e-commerce sector, creating jobs, and upholding social responsibility.
Chioma Okeke, Head of the South West Zonal Office, acted as the Director-General of NITDA’s representative.
According to Abdullahi, in the ten years that Jumia has been in Nigeria, the company has improved the lives of millions of Nigerians and altered perceptions of those who are homeless there.
“Jumia is a worthy partner, we celebrate your success stories and commend your effort to shape the e-commerce industry in Nigeria.
“We have created more jobs for our youth and transformed the commercial face of wholesale and retail businesses while creating ease and comfort. To the Nigerian buyers. This is very commended and we do acknowledge you.”
The rapid progress over the past ten years has enabled numerous economic sectors to become more linked, having a substantial impact on the nation’s goods across countries and sectors, Abdullahi stated in his keynote speech on “The Role of ICT in Shaping the Nigerian Economy.”
He asserts that information technology has the ability to lower costs, boost service quality, shorten response times, and increase service accessibility for all economic sectors.
According to Abdullahi, ICT reduces bureaucracy for businesses reorganizing administrative processes across global supply chains, financial services, healthcare, government, and many other industries. It also creates a digital ecosystem that is transparent and even more compensated.
“Innovators such as Jumia are exploring ways to disrupt and transform traditional process models. It is being said you innovate or die as a business.
“Many industry leaders have already achieved significant business benefits, including greater transparency, enhanced security, increase efficiency, speed of transactions, and reduce costs.”
The head of NITDA added that Nigeria needed to be aware of how China’s use of electronic transaction data had significantly improved the level of growth, effectiveness, and productivity of the world’s economies.
Organizations need to successfully integrate information and communication technology as the main components of the e-commerce campaign initiative in order to take advantage of the economic prospects provided by electronic commerce on the part of the federal government and enterprises.
