Lagos: Glovo, a leading technological multi-category platform, has generated a revenue of N71 billion for its local partners in Nigeria since its inception in 2021. The General Manager, Glovo Nigeria, Mrs. Lamide Akinola, made this known in Lagos at the 2025 Future of Commerce Summit.
According to News Agency of Nigeria, the summit gathered ecosystem leaders, restaurateurs, policymakers, fintech pioneers, digital marketers, and investors to explore the future of business in Nigeria’s fast-paced commerce landscape. Akinola stated that since its journey in Africa in 2017, Glovo has invested over £200 million in building and growing the delivery ecosystem on the continent. With over 6,000 shops and restaurants, Glovo continues to drive partner growth at scale, serving as a first entry-point for many businesses into the online world.
Akinola highlighted that in 2024 alone, quick commerce emerged as the fastest-growing segment with a 76 percent growth, underscoring Glovo’s role as a catalyst for rapid digital retail expansion. A significant transformation was also noted in user transactions via the app, with cash payments dropping from 88 percent of all orders in 2021 to just 39 percent today, marking a 55 percent decrease. This shift aligns with the government’s efforts to promote a cashless economy and highlights Glovo’s contribution to advancing financial inclusion in Nigeria.
Mrs. Folashade Ambrose-Medebem, the Commissioner for Commerce, Cooperatives, Trade and Investment, Lagos State, declared that the future of commerce in Lagos is digital, inclusive, and people-centered. She affirmed that with the state’s various programmes and strategic collaborations with platforms like Glovo, Lagos is bridging the financing gap for Micro, Small and Medium Enterprises, driving innovation, job creation, and long-term economic resilience.
In recognition of excellence within its ecosystem, Glovo presented awards to outstanding partners. City Subs received the ‘best rated’ award for the highest number of positive reviews for delivered orders, while Christian Ogbu and Bija Samson were honored as ‘veteran riders’ for their excellent performance and highest number of completed orders delivered on Glovo.