Between eCommerce and Yahoo! Yahoo! Why crawl, walk or run when you can fly? ‘Gbenga SESAN Executive Director Paradigm Initiative Nigeria | | NIG Seminar on the I4J Initiative| Golden Gate Restaurant, Lagos, Nigeria | Thursday, May 22, 2008

What began as an exclusive for a few daring young men is spreading like cancer It’s a reflection of the measure of greed and lack of appreciation for delayed gratification Top 10 online crime list: US, UK, Nigeria, Canada, Romania, Italy, Spain, S. Africa, Russia, Ghana (2007 Internet Crime Report) As a nation, and as youth, the pain is more than the seeming gain! Zero trust, huge suspicion… Paradigm Initiative Nigeria :: ICTs for Socio-Economic Development :: Cybercrime: Gain or Pain

Why remain in the dark when you can glow in the light? It’s time to change direction Web addiction, often seen by how many hours spent online, can be put to good use eCommerce is not rocket science, it has lower barriers to entry compared to traditional businesses Add your “e” to someone else’s “commerce” to have a share of the global pie Paradigm Initiative Nigeria :: ICTs for Socio-Economic Development :: Change of Direction

25% growth in 2006 and over $250 million in online sales for 2007 Google.com surprised everyone on April 17 (“Is Google’s Missing Click Real?”) Amazon.com: 72 million customers by Q eBay: $1.83B revenue in Q Alibaba.com: 39% of Alibaba Group, $125M revenue for Q1 2007, $83M 2007 profit Paradigm Initiative Nigeria :: ICTs for Socio-Economic Development :: It’s a Really Huge Pie!

There are scores of businesses with successful eCommerce ventures in Nigeria NairaHost.com.ng: Meeting hosting needs, and now regrouping for full eCommerce potentials BooksNG.com: Truly innovative online bookstore, with surprising customer feedback MotorTrader.com: The key to your car Online advantage + Huge target population + Needed solution = Huge opportunities Paradigm Initiative Nigeria :: ICTs for Socio-Economic Development :: eCommerce in Nigeria

December (Abuja): My presentation on “eCommerce, Nigeria and the Next Generation” 2,722 days later, we have an opportunity to give wings to dreams through the NIG I4J initiative Though Nigeria is touted as one of the “riskiest” countries for eCommerce, we (at least) have a huge market within the country and region The barriers (ePayment, access, etc) are gone! Paradigm Initiative Nigeria :: ICTs for Socio-Economic Development :: 2,722 Days Later…

Between eCommerce and Yahoo! Yahoo! Why crawl, walk or run when you can fly? ‘Gbenga SESAN Executive Director Paradigm Initiative Nigeria | | NIG Seminar on the I4J Initiative| Golden Gate Restaurant, Lagos, Nigeria | Thursday, May 22, 2008