M-Commerce Implementation in Nigeria: Trends and Issues

Ayo Charles K () and Uyinomen O. Ekong ()
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Ayo Charles K: Covenant University
Uyinomen O. Ekong: Covenant University

Journal of Internet Banking and Commerce, 2007, vol. 12, issue 2, 01-15

Abstract: Nigeria was described as the fastest growing telecoms nation in Africa and the third in the World. The country had experienced a phenomenal growth from a teledensity of 0.49 in 2000 to 25.22 in 2007. This trend has brought about a monumental development in the major sectors of the economy, such as banking, telecoms and commerce in general. This paper presents the level of adoption of ICT in the banking sector and investigates the prospects of m-Commerce in Nigeria based on strengths, weaknesses, opportunities and threats (SWOT) analysis. Findings revealed that all banks in Nigeria offer e-Banking services and about 52% of the offer some forms of m-Banking services. The banks and the telecoms operators have enormous potentials and opportunities for m-Commerce but the level of patronage, quality of cell phones, lack of basic infrastructure and security issues pose a major threat to its wide scale implementation.

Keywords: M-Commerce; E-Banking; M-Banking; M-Business; M-Payment; E-Commerce; SWOT (search for similar items in EconPapers)
JEL-codes: G24 (search for similar items in EconPapers)
Date: 2007
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