business

Glovo Boosts Nigerian Economy with ₦71 Billion Revenue for Partners, Empowers 2,200+ SMEs in Three Years

Published

3 months ago

June 24, 2025

Glovo Generates ₦71 Billion for Nigerian Partners, Empowers 2,200+ SMEs in Three Years

Global tech and delivery platform Glovo has generated more than ₦71 billion in revenue for its Nigerian partners between 2021 and 2024, supporting over 2,200 Small and Medium Enterprises (SMEs) and helping drive a 55% increase in digital payments within the country.

These milestones were revealed in Glovo’s latest Yellow Effect Report, which highlights the company’s local impact and underscores Nigeria’s pivotal role in its global expansion strategy. Since entering the Nigerian market in 2021, Glovo has grown rapidly into a major player in digital commerce and logistics.

Founded in Barcelona in 2015, Glovo has evolved from a six-person startup into a global Quick Commerce (Q-Commerce) leader, now operating in 23 countries and over 1,800 cities. Since joining the Delivery Hero Group in 2022, the company has fulfilled over one billion orders and facilitated €18.5 billion in revenue for its global partners.

In Nigeria, Glovo’s “local-first” strategy has helped more than 6,000 businesses—ranging from restaurants and grocery stores to informal traders—transition into the digital economy. The platform is now present in 11 Nigerian cities, with Lagos contributing more than 70% of its activities.

According to Lamide Akinola, Glovo’s General Manager in Nigeria, the report reflects a journey of shared progress:

“This report is more than just data; it’s a narrative of partnership. Nigeria has not only embraced Glovo but shaped how we grow, serve, and innovate.”

The Q-commerce sector in Nigeria, which is Africa’s fastest-growing, witnessed a 76% year-on-year growth in 2024. Glovo’s contributions have been central to this surge through its “Grow, Give, Green” sustainability model. The initiative has offered SMEs digital visibility, skill development, and new income opportunities—with some businesses attributing up to 25% of their revenue to the platform.

Glovo’s influence extends to job creation through its network of over 2,400 couriers, many of whom earn two to three times the national minimum wage. In 2024 alone, 80 couriers completed financial literacy training, reflecting Glovo’s investment in upskilling and long-term welfare.

The platform has also significantly advanced Nigeria’s cashless economy. From 2021 to 2024, digital payments on the app rose by 55%, powered by partnerships with fintech companies like Paystack and Salad Africa.

Beyond business, Glovo is creating social impact. In 2024, the company donated over 4,100 meals to underserved communities and launched empowerment programs like the Women in Tech initiative. In collaboration with SheCode Africa and the Lagos State Government, Glovo trained 100 women in coding, business development, and platform economics.

Reni Onafeko, Head of Growth at Glovo Nigeria, summed up the brand’s human-centered approach:

“From ₦71 billion in partner revenue to the 55% growth in cashless transactions, the numbers reflect a bigger truth: tech works best when people are at the center.”

Glovo’s co-founder and CEO, Oscar Pierre, emphasized the platform’s transformation of everyday life:

“What once seemed like a dream—getting anything delivered within minutes—has become a daily habit and basic need.”

business

Discover Life-Changing Digital Products You Can Buy Today on Selar

Published

2 weeks ago

September 1, 2025

globa_admin

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business

We are Hiring: Social Media Growth Ambassadors (2 Positions)

Published

4 weeks ago

August 18, 2025

globa_admin

Remote | Part-Time or Flexible Hours

Are you active on social media and passionate about business, jobs, and opportunities?
Do you know how to attract attention, spark engagement, and drive traffic online?
Then this opportunity is for you!

Role Overview:

We are looking for 2 dynamic individuals to serve as Social Media Growth Ambassadors for GlobabizEmpire.com — a trusted online platform for global jobs, business insights, and income opportunities.

Key Responsibilities:

Promote GlobabizEmpire.com consistently on Facebook, Instagram, WhatsApp, TikTok, or X
Share daily job updates, business news, and smart money tips from the website
Drive website traffic using content, trends, reels, and referral links
Respond to DMs/comments and convert viewers into website visitors
Provide weekly reports on reach, impressions, and traffic performance

What You’ll Need:

A strong presence on social media (min. 2,500 followers on at least one platform)
Great communication skills and social media creativity
Consistency and accountability
Passion for helping people grow their careers or income

What You’ll Get:

Monthly stipend + performance-based bonus
Opportunity to grow your personal brand with us
Free digital training + content materials
Certificate of Digital Advocacy (upon successful campaign)

How to Apply:

Send us a message with:

Your full name
Link to your active social media profiles
Short message on why you are the perfect fit
Screenshot of your past engaging post (if available)

Email: [email protected]
WhatsApp: +234 8153507382
Deadline: August 22, 2025

business

NEXIM Bank and SMEDAN Partner to Strengthen SME Export Capacity Nationwide

Published

2 months ago

July 25, 2025

globa_admin

NEXIM Bank and SMEDAN Sign Landmark MoU to Boost SME Export Growth in Nigeria

In a bold move to strengthen Nigeria’s small business ecosystem, the Nigerian Export-Import Bank (NEXIM) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a groundbreaking Memorandum of Understanding (MoU) aimed at accelerating the growth and global competitiveness of Small and Medium Enterprises (SMEs) across the country.

A Strategic Partnership for Economic Transformation

This MoU formalizes a strategic alliance between NEXIM and SMEDAN, focusing on:

Export financing and access to global markets
Tailored financial products for SMEs
Capacity-building and training programs
Promotion of Made-in-Nigeria products internationally

The collaboration is expected to streamline trade facilitation and offer Nigerian SMEs the tools and support needed to thrive in international value chains.

Empowering SMEs for Global Competitiveness

Speaking at the signing ceremony, Abba Bello, Managing Director/CEO of NEXIM Bank, emphasized the significance of this partnership in preparing Nigerian SMEs to compete globally, particularly under the African Continental Free Trade Agreement (AfCFTA).

“This collaboration with SMEDAN is a critical step in our mission to empower Nigerian SMEs. By combining our financial instruments with SMEDAN’s development expertise, we are creating a robust support framework that enables small businesses to scale and succeed in export markets,” Bello said.

Removing Barriers and Unlocking Opportunities

On his part, Charles Odii, Director-General of SMEDAN, noted that the agreement will help eliminate major hurdles that have long hindered SMEs from tapping into international markets.

“Our goal is to ensure Nigerian SMEs have not just the skills but also the financial backing to grow. This MoU with NEXIM Bank paves the way for real participation in global trade,” Odii remarked.

He also outlined key focus areas of the collaboration:

Providing export-oriented financing solutions
Offering expert training and advisory services
Simplifying export processes for MSMEs

🇳🇬 Aligning with Nigeria’s Economic Diversification Agenda

This partnership supports the federal government’s broader vision of economic diversification and inclusive growth, particularly through public-private partnerships that empower micro, small, and medium-sized enterprises (MSMEs).

About the Agencies

NEXIM Bank, established under Act 38 of 1991, is Nigeria’s official Export Credit Agency, providing financing, risk management, and advisory services to support the development of non-oil exports.

SMEDAN, created by the SMIDA Act of 2003, is the federal government’s leading institution tasked with fostering the growth, sustainability, and global competitiveness of MSMEs across Nigeria.