E-Commerce Adoption: Problems facing SMEs in Nigeria

Abstract

Developing countries can adopt E-commerce as a driver to economic growth and poverty eradication. The Small and Medium Enterprises (SMEs) Sector has a significant contribution in national economy and a key player in job creation, and GDP increase. SMEs contribute greatest part of Nigerian productive units and economy, in recent time’s Nigerian government introduced many initiatives to support and develop SMEs capabilities. Low usage of e-commerce among SMEs in Nigeria could be factored into many reasons. This research investigated the reasons for low adoption of e-commerce among SMEs in Nigeria. The finding of the research show that many factors contributed in non-adoption of e-commerce in SMEs sector: technical problems, lack of Internet security, lack of legal and regulatory support, limited knowledge/use of Internet banking and web portals by SMEs.