Nigerians have been encouraged to look towards the area of e-commerce to assuage the negative impact of the COVID-19 pandemic on the economy.
An economic expert, Amb. Ubong Brownson who stated this in a media interaction on Tuesday in Uyo, Akwa Ibom State, urged Nigerians to diversify their streams of income by cashing into online businesses as the third wave of COVID-19 is taking a toll on the economy.
The Expert, however, warned them not to fall prey to investing in an online business without products to sell saying that such platforms are mere pyramid schemes or ponzi and would not be sustained.
He said “The COVID-19 pandemic changed the world. As bad as the pandemic has been and the losses it brought because of the lockdown to some nations economies, it also became an eye-opener to the possibilities available in the new world where everything can be done online.
“Now we have virtual meetings online, we buy and sell online, we have group meetings online, we have group recreational activities online, virtually everything now can be done online. So for those who wish the world to go back to normal or how it used to be, you need to wake up to the reality of the new world where we are.
“But those considering investing in online businesses must, first of all, ensure that owners of such online platforms have products to sell. This is because online businesses not generating money cannot stand. Such platforms are mere pyramid schemes.”