2. Table of Content
E-Business overview
1
Definition of e-buisness
1.1
E-Buisness categories
2
Benefits of e-buisness
3
E-buisness in Nigeria
1.2
Challenges of e-buisness
4
3. Table of Content (cont)..
Interesting facts and figures
5
Summary and Conclusion
6
4. • Electronic buisness (e-buisness)
simply means the transacting of
business activities using
Information and Communication
Technology (ICT) facilities.
1.1 Definition of E-Buisness
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1.2 E-Buisness in Nigeria
This The growth of Internet usage in Nigeria continues to increase,
recording over 90% growth from 2000 to 2008 and up to 2016. While businesses in
Nigeria are reported to have online access with opportunity for e-commerce
activities, customers in the country however access business websites only to
source for information but make purchases the traditional way
In recent time, in Nigeria, many online shopping sites have sprang up and
many more are still developing, offering online shopping and business services to
millions of internet users within and abroad. However considering the population
of Nigeria with over 180 million, it is expected that the number of people involved
in e-buisness activity would have increased in proportionate order with the
population size.
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1.2 E-Buisness in Nigeria (cont)..
The problem is that many Nigerians still treat the issue of e-buisness with
much scepticism. Many doubt the security of their accounts while making payment
through an e-payment site. Others include high cost and inefficient means of
transportation (predominantly road transport on dilapidated road networks), the
genuineness of the business and the business partner involved in the online
transaction.
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2. E-Buisness categories
• Business to Business: Business to
Business or B2B refers to e-buisness
activities between businesses. These
transactions are usually carried out
through Electronic Data Interchange or
EDI. This allows more transparency
among businesses involved; therefore
businesses can run more efficiently.
• Example spectranet providing internet
services to this institution and Ikeja
electricity providng electricity to coca cola
company ikeja
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2. E-Buisness categories (cont)..
• Business to Customer: Business to
Customer or B2C refers to e-buisness
activities that are focused on
consumers rather than on businesses.
• example.Jumia.com, konga.com, jiji.com,
Amazon.com and eBay.com
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2. E-Buisness categories (cont)..
• Buisiness-to-Government (B2G):
Business-to-government e-buisness
or B2G is generally defined as
buisness between companies and
the public sector. It refers to the
use of the Internet for public
procurement, licensing procedures,
and other government related
operation
• example Business pay taxes, file
reports, or sell goods and services to
Govt. agencies.
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2. E-Buisness categories (cont)..
• Consumer-to-Consumer (C2C):
Consumer-to-consumer e-
commerce or C2C is simply
commerce between private
individuals or consumers
• Example: Hassan buying an iPod
from Kunle on jiji and Me selling a
car to my neighbor.
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2. E-Buisness categories (cont)..
• m-Buisness (mobile business)
mobile commerce is the buying
and selling of goods and services
through wireless technology-i.e.,
handheld devices such as cellular
telephones
• Example: Information services and
mobile banking.
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3 Benefits of e-Buisness
• Overcome Geographical Limitations
• Gain New Customers with Search Engine
Visibility
• Lower Costs
• Locate the Product Quicker
• Eliminate Travel Time and Cost
• Provide Comparison Shopping
• Enable Deals, Bargains, Coupons, and Group
Buying
• Provide Abundant Information
• Create Targeted Communication
• Remain Open All the Time
• Create Markets for Niche Products
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4 Challenges of e-Buisness
• Distrust
• High cost of broadband
• Piracy, poor ICT infrastructure
and inadequate protection of
intellectual property
• Limited access to venture
capital
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5 Interesting Facts and Figures
• Nigeria emerged top in Africa
with a B2C E-buisness Index of
30.4 and ranked 100th position
out of the 137 countries
covered in the study. It also had
an average of 3.8 million online
shoppers as at 2014.
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6 Summary and Conclusion
• Africa has a lot of prospects for e-
business development. Investing
in key ICT infrastructure will
continually provide the much
needed platform for e-buisness
growth and rapid economic
development on the continent.
Also the issue of distrust, which is
a global problem but seems to be
domesticated in Africa due largely
to inadequate ICT skills, especially
in electronic systems.