FRAMEWORK FOR THE REGULATION OF E-COMMERCE IN NIGERIA1

Abstract

Electronic commerce (e-commerce) involves the buying and selling of goods and services online. With technological advancements and increased access to telecommunications in remote parts of Nigeria, the sector has grown rapidly, reshaping business operations and consumer behavior. Daily online transactions, often worth millions of naira, reflect the convenience and efficiency of internetbased commerce. However, this growth introduces legal challenges that differ from traditional physical trade. The paper defines e-commerce, explores its scope and significance in Nigeria, and discusses the need for effective regulation. It examines the current legal framework and the roles of regulatory agencies overseeing e-commerce in the country. The paper highlights the economic potential of the sector and calls for urgent legal reforms to resolve existing issues. By strengthening regulation and addressing legal gaps, Nigeria can maximize the benefits of e-commerce and enhance its global competitiveness in the digital economy. The paper employs the doctrinal legal analysis and comparative research methodology, draws on Nigerian statutes, regulatory agency guidelines, and international practices to evaluate the country's legal framework for e-commerce. Key regulatory bodies include the National Information Technology Development Agency (NITDA), Nigerian Communications Commission (NCC), and Central Bank of Nigeria (CBN). The paper concludes by advocating for a comprehensive and unified e-commerce policy, harmonized legal reforms, and improved inter-agency coordination. Strengthening Nigeria's legal and regulatory infrastructure will not only safeguard consumers and businesses but also enhance the country's global competitiveness in the digital economy.