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Nigeria's $300 Duty-Free Threshold: Winners and Losers in E-commerce Market

Business1 min read
Nigeria's $300 Duty-Free Threshold: Winners and Losers in E-commerce Market

The introduction of Nigeria's $300 duty-free import threshold by the Customs Service is reshaping the e-commerce landscape. While consumers stand to benefit from savings, local e-commerce players face increased competition from foreign giants like AliExpress and Shein.

Professor Uchenna Uzo from Lagos Business School sees opportunities for middle and lower-class shoppers but warns of market dynamics shifting. The removal of duties may lead to cheaper items and increased online shopping, impacting consumer behavior and market share.

Plus234Feed summary based on reporting from Business Day. Read the original report below.

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