These plots of Konga, Yudala and Jumia show that Nigeria is seriously under recession

These plots of Konga, Yudala and Jumia show that Nigeria is seriously under recession

It cannot be faked, Nigeria is under under economic mess. People are not shopping and that has affected the e-commerce sites. These three plots from the leading e-commerce sites in Nigeria show it all. They have dropped precipitately on Alexa ranking. Simply, people are not shopping and the click traffics in those sites have dropped.

Notice that Konga is losing traffic and that means lesser people are shopping therein. Possibly, the company may have to restructure more aggressively to cut operational cost. It started that when it moved its Founder, Sim Shagaya, from CEO to Chairman but the turning point does not seem to have arrived.

Share this post

Leave a Reply