According to PayNXT360, social commerce industry in Nigeria is expected to grow by 46.0% on annual basis to reach US$1156.1 million in 2023.

The social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of 27.2% during 2022-2028. The social commerce GMV in the country will increase from US$1156.1 million in 2023 to reach US$4889.2 million by 2028.

This report provides a detailed data centric analysis of social commerce industry, covering market opportunities and risks. With over 50+ KPIs at country level, this report provides a comprehensive understanding of social commerce market dynamics, market size and forecast, and market share statistics.

PayNXT360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.