The politicians will talk and they will confuse, but they cannot hide hard data. Nigeria is on sustained economic recession. You do not even need a professor to tell you that. Just look at the four figures we have below.
We have looked at the Alexa traffics of the popular e-commerce companies in the nation to gauge the health of the economy. Most of these companies are seeing increasing diminished traffics.People have limited spending powers and are buying lesser. So they are visiting these sites, less often, and shopping lesser.
The trend is very clear – consumer confidence in Nigeria is going south.
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- Jumia.com.ng
- Yudala.com
- MallforAfrica.com
To validate it, go to Tin Can Apapa Wharf and see the number of ships arriving in Nigeria. They have significantly reduced.