2019
DOI: 10.4236/wet.2019.103004
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The Roles of Information and Communication Technologies (ICTs) and E-Commerce as Agents of Nigeria’s Economic Development: Review of Challenges and Prospects

Abstract: Electronic commerce which denotes the process of electronic transaction via internet has led to a very significant improvement in the level of growth, development, efficiency and productivity of global economies. In order to benefit from the economic opportunities offered by electronic commerce, Nigerian government and business organizations needs to effectively integrate Information and Communication Technologies (ICTs) as the major component of e-commerce campaign initiatives. The discussion in the paper is … Show more

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Cited by 5 publications
(3 citation statements)
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“…In addition to environmental and socio-cultural sustainability, economic sustainability is a crucial aspect in local, regional, and national sustainability [3]. E-commerce has led to economic growth [4] and has yielded sustainability in the local, regional, and national economies [5]. Achieving the sustainable development of the E-commerce industry is a current concern.…”
Section: Introductionmentioning
confidence: 99%
“…In addition to environmental and socio-cultural sustainability, economic sustainability is a crucial aspect in local, regional, and national sustainability [3]. E-commerce has led to economic growth [4] and has yielded sustainability in the local, regional, and national economies [5]. Achieving the sustainable development of the E-commerce industry is a current concern.…”
Section: Introductionmentioning
confidence: 99%
“…The integration of Information and Communication Technologies (ICTs) in space commerce, while beneficial, also presents challenges. Joseph (2019) discusses the role of ICTs in economic development, shedding light on the challenges related to technological integration and digital divide issues. These challenges are pertinent to space commerce, where advanced technologies are essential but not uniformly accessible.…”
Section: Economic Contributions and Challenges Of Space Commercementioning
confidence: 99%
“…Asides providing platforms for small businesses and large corporations to test their popularity in the market space, e-commerce platforms have contributed to the ease of doing business in Nigeria. Prior to the emergence of e-commerce platforms, doing business in Nigeria was riddled with perennial issues such as hostile market environment, high cost of business transactions, delay in processing customer orders and poor response to market disruptions [7]. The emergence of e-commerce platforms, according to Okoye and Obi [5], has brought about greater flexibility to the Nigerian business environment.…”
Section: Introductionmentioning
confidence: 99%