Journal of Emerging Trends in Engineering and Applied Sciences: Research Areas

Abstract:
The Nigerian vision 2020 was that by year 2020, Nigeria would have been one of the 20 largest economies in the world. But the vision was never realized. Having failed to realize the vision 2020, the Federal Government of Nigeria came up with another vision termed �The Agenda 2050�. The aim of the agenda is that by 2050, 100 millions of Nigerians would have been lifted out of poverty given the World Bank�s projection that Nigeria will become the world�s third most populous country by 2050 with over 400 million people. The focus of the Agenda are to address the major constraints to Nigeria�s growth and competitiveness, such as inadequate power supply, weak infrastructure, structural transformation of the economy from mono-product to a diversified, industrialized economy, investment in human capital in order to transform the Nigerian people into active agents for growth and sustainable development. It is an understatement to say that the world has become a global village. Therefore to achieve the vision, there is the need to align the vision with the global best practices. Nigeria should as a matter of urgency embrace ecommerce as a solid bedrock of economic development. This research aims to investigate how Nigeria has been fair in global ecommerce world towards not failing again on the Agenda 2050.This paper is written to sensitize the Federal Government of Nigeria on the need to align their vision with eCommerce technology in order to meet the national economic and population projection challenges of the country by year 2050.

Keywords: eCommerce, e-payment, cybersecurity, Internet, gateway

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