Skip to content
July 21, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Meta platforms contribute $820m annually to Nigeria’s economy
  • Business & Economy

Meta platforms contribute $820m annually to Nigeria’s economy

Admin May 21, 2026

Meta says its digital platforms contribute an estimated 820 million dollars annually to Nigeria’s economy while helping millions of businesses expand customer reach nationwide.

The company disclosed this in a report released on Thursday and conducted by independent research firm, Public First.

The report, titled ‘Nigeria’s Digital Economy’, examined the economic impact of Meta platforms across entrepreneurship, productivity, artificial intelligence and digital participation.

It stated that Facebook, Instagram, WhatsApp, Messenger, Threads and Meta AI had become vital digital infrastructure supporting businesses and economic participation nationwide.

According to the report, about 14 million Nigerian small and medium enterprises used Meta applications in 2025 to establish, operate and expand businesses.

The report stated that activities generated through Meta platforms contributed approximately two billion dollars to Nigeria’s Gross Domestic Product.

It added that instant messaging services provided through Meta platforms generated an estimated 640 million dollars in productivity gains across Nigeria’s economy.

According to the report, 81 per cent of surveyed businesses said Meta platforms helped them reach customers beyond their immediate geographical locations and physical markets.

It noted that businesses in Kano, Lagos and Abuja used Meta’s digital tools to access advertising, communication and commercial opportunities competitively.

The report stated that almost all surveyed businesses acknowledged improvements in customer engagement, communication efficiency and daily commercial operations through Meta applications.

It further highlighted WhatsApp’s increasing role as Nigeria’s leading gateway for artificial intelligence adoption and digital services access.

According to the report, 93 per cent of prompts directed to Meta AI across Sub-Saharan Africa were submitted through WhatsApp.

The report projected that artificial intelligence could contribute 22 billion dollars to Nigeria’s economy by 2035 through investment and improved digital infrastructure.

It added that 87 per cent of online Nigerians believed Africa-developed artificial intelligence products would drive economic growth, innovation and local problem-solving.

Commenting, Balkissa Ide Siddo, Director of Public Policy for Sub-Saharan Africa at Meta, described Nigeria as entrepreneurial and digitally engaged.

Siddo said the research demonstrated the opportunities created when entrepreneurs gained access to reliable digital tools capable of expanding business operations.

“From a tailor in Lagos reaching customers nationwide through Instagram, to a business owner in Kano receiving orders through WhatsApp, Meta’s platforms are unlocking economic opportunities,” she said.

She added that improved internet access, innovation-supportive policies and open-source artificial intelligence could strengthen Nigeria’s position among Africa’s leading digital economies.

Also speaking, Alison Neyle, Director at Public First, said Nigeria’s digital transformation was creating opportunities for businesses, creators and consumers.

Neyle said the findings showed Meta’s platforms were strengthening entrepreneurship, improving business participation and expanding economic inclusion across Nigeria.

She added that digital platforms were helping businesses overcome limitations associated with location, scale and access to broader markets.

According to Neyle, stronger infrastructure, wider internet penetration and improved access to open-source artificial intelligence tools could accelerate Nigeria’s long-term digital growth.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Alison Neyle Facebook Instagram Messenger Meta AI Threads Whatsapp

Post navigation

Previous Court voids INEC timetable for conduct of 2027 polls
Next GovGuide Nigeria: FG Committed to Leveraging AI for Improved Public Service Delivery

Related Stories

West Africa’s ECOWAS bloc signs agreement backing Nigeria-Morocco atlantic gas pipeline, statement reports regional heads
  • Business & Economy

West Africa’s ECOWAS bloc signs agreement backing Nigeria-Morocco atlantic gas pipeline, statement reports

July 20, 2026
NLNG honours Professor Barth Nnaji for his contribution to science and innovation
  • Business & Economy

NLNG honours Professor Barth Nnaji for his contribution to science and innovation

July 20, 2026
IPMAN to FG: Stop issuing licences for petroleum products import Fuel crisis
  • Business & Economy

IPMAN to FG: Stop issuing licences for petroleum products import

July 20, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Olisa Agbakoba to chair GOCOP 2026 conference in Lagos
  • National News

Olisa Agbakoba to chair GOCOP 2026 conference in Lagos

July 20, 2026
Court sentences 2 Ansaru commanders to life imprisonment Federal High Court
  • National News

Court sentences 2 Ansaru commanders to life imprisonment

July 20, 2026
Nigeria’s Erebor elected ATU confab preparatory committee chair
  • International News

Nigeria’s Erebor elected ATU confab preparatory committee chair

July 20, 2026
Reps Committee commences consideration of revised State Police establishment bill spokesman
  • National News

Reps Committee commences consideration of revised State Police establishment bill

July 20, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.