As of 2022, most e-commerce and retail tech startups in Nigeria specialized in multi-products. This referred to nearly 20 percent of 58 ventures. Moreover, retail-tech ventures represented a share of over 15 percent, while those operating in food, drinks, and groceries accounted for around 14 percent of the total. Overall, startups in Nigeria are concentrated in Lagos.
Share of e-commerce and retail tech startups in Nigeria as of 2022, by sub-sector
The source defines startups as young businesses with no guarantee of success, and where people who choose to work forgo stability, substituting it with innovation and the promise of increased growth.
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Disrupt Africa. (September 15, 2021). Share of e-commerce and retail tech startups in Nigeria as of 2022, by sub-sector [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1338880/share-of-e-commerce-and-retail-tech-startups-in-nigeria-by-sub-sector/
Disrupt Africa. "Share of e-commerce and retail tech startups in Nigeria as of 2022, by sub-sector." Chart. September 15, 2021. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1338880/share-of-e-commerce-and-retail-tech-startups-in-nigeria-by-sub-sector/
Disrupt Africa. (2021). Share of e-commerce and retail tech startups in Nigeria as of 2022, by sub-sector. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1338880/share-of-e-commerce-and-retail-tech-startups-in-nigeria-by-sub-sector/
Disrupt Africa. "Share of E-commerce and Retail Tech Startups in Nigeria as of 2022, by Sub-sector." Statista, Statista Inc., 15 Sep 2021, https://www.statista.com/statistics/1338880/share-of-e-commerce-and-retail-tech-startups-in-nigeria-by-sub-sector/
Disrupt Africa, Share of e-commerce and retail tech startups in Nigeria as of 2022, by sub-sector Statista, https://www.statista.com/statistics/1338880/share-of-e-commerce-and-retail-tech-startups-in-nigeria-by-sub-sector/ (last visited December 21, 2024)
Share of e-commerce and retail tech startups in Nigeria as of 2022, by sub-sector [Graph], Disrupt Africa, September 15, 2021. [Online]. Available: https://www.statista.com/statistics/1338880/share-of-e-commerce-and-retail-tech-startups-in-nigeria-by-sub-sector/
