Analysis of Electronic Transactions Bill in Nigeria: Issues and Prospects

Abstract

This paper is an attempt to analyse the Electronic Transaction Bill, 2011 sponsored by Hon. Uzoma Nekem-Abonta of the National Assembly. The Bill is designed to facilitate electronic transactions in Nigeria. Issues raised in the Act are something that needs to be discussed because for Nigeria to become active players in e-commerce, the enabling legal environment to enable electronic transactions need to be created in order to ensure equal opportunities, equality and economic development. It will further allow for the implementation of e-government services, improving the quality of services and reducing the cost of services, and increasing transparency and efficiency in the procurement and sale of goods and services. Therefore, the paper aims to promote public confidence on the Bill as well as enhance competitiveness in e-commerce.

DOI: 10.5901/mjss.2014.v5n2p215