Impact of the Commercial Law on E-Commerce Practices and Business Sustainability in Nigeria
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Abstract
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With the advent of global market interdependence and interaction,
coupled with the consistent spread of the internet facilities
across geographical boundaries, businesses engage in e-commerce
practices either to augment existing on-ground businesses or as
independent outfits. This study focused on the law on e-commerce
practice and business sustainability in Nigeria. The study applied
a conceptual review focusing on the trends of development of ecommerce
practice and the supportive effects of the legal system
in facilitating business sustainability in Nigeria. The study
relied on extant literature sourced from various outlets, relevant
to the topic of this study. The key findings highlighted and
discussed factors for improved e-commerce practices in Nigeria.
These included access to legal services, effective government
policy and institutional support, time and fair interpretation of
the law governing e-commerce, continuous evaluation of the ecommerce
processes in Nigeria, increased awareness and familiarity
with e-commerce facilities, and the adoption of suitable
technology. The study provides valuable insight into the support
of the Nigerian commercial sector on e-commerce practices. The
adoption of systems theory enhances the promotion of fairness
across the entire ambience of e-commerce practice and the support
of the law. This implied focusing on the continuous evaluation of
legal support and a flexible process of developing the needed
approaches to address emerging changes in e-commerce that can
enhance business sustainability in Nigeria.
Keywords
H Social Sciences (General)