Grocery, Everyday Essentials Retail Market Worth $72Bn-Supermart

Gbolahan Fagbure and Raphael Afaedor co-chief executive officers of Supermart.ng, have disclosed that the grocery, everyday essentials retail market is worth $72 billion.

They were recently on CNBC Africa discussing 'Ecommerce as a growing sector in Nigeria’.

They also discussed the growth rates thus far of the e-commerce market in Nigeria and its drivers, the future of grocery retail online and the factors which will influence the future.

In addition, they explained how e-commerce is different in 2014 compared to 2012, the classes and earning powers of people shopping online, the evolving relationship between physical and online stores, what people are buying online are more.

Supermart.ng is an online delivery service which delivers groceries and every day essentials from favorite local stores such as Park n Shop – SPAR, MedPlus, Office Everything and more in 3hours across Lagos.

Supermart.ng offers the fastest delivery in Nigeria, the widest assortment of over 50,000 grocery items and the most convenient online shopping experience with our preselected delivery windows of 12-3pm, 3-6pm and 6-9pm.

Raphael Afaedor is the co-founder and co-CEO of Supermart.ng.

Prior to this, he was the founding Managing Director of Jumia Nigeria.

He was also the co-chairman of the 2009 Africa Business Conference of Harvard Business School.

Also, Gbolahan Fagbure is the co-founder and co-CEO of Supermart.ng.

He was the founding Chief Operating Officer at Jumia Nigeria and also founder of Africa Speaker Agency, which books and represents leading African speakers for engagements in Africa and globally.