Global e-commerce and direct selling platform, QNET Limited, has been launched in Nigeria with an operational value of $9.09 trillion.
Partnering with a local firm, Transblue Limited, the platform is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027.
Regional General Manager sub-Saharan Africa for QNET, Mr Biram Fall, stated that the firm entered the Nigerian market to support the government’s poverty alleviation drive.
He said: “The entry of QNET in Nigeria is in line with the government of Nigeria’s vision to partner with the private sector to effectively achieve the desired economic recovery and transformative growth.”
$9.09tr E-Commerce Market Debuts In Nigeria
Managing Director of Transblue, Mr Akeem Ajisafe, said: “We are excited to embark on this journey with QNET, as we are confident that our mutual strengths will help bring Nigerians a unique opportunity to generate additional income.”
Ajisafe said through the entry of QNET in Nigeria, the company plans to empower millions of entrepreneurs and start-ups in Nigeria.
He explained that millions of Nigerians can buy products through the QNET platform while Transblue, which is a logistics firm, would facilitate the delivery of the product.
