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Abstract
The paper dwells mainly on the background of trading in Nigeria. It examines current trade practice in Nigeria and application of e-trade efficiency in Nigeria’s economy. It examines the acceptance of this innovation by the trading community and to which degree it will affect the growth of Nigeria’s economy. It evaluates complexity of trade procedures prior to the spread of ICT innovations on trade practice which the etrade platform proffer solutions to traders especially importers and exporters of both companies and private individuals are plunged to complex trade process, inefficient border practice, un-simplified trade processes, costly transaction methods which amounts to high production and consumer goods. The evolution of e-trade which become a panacea to the identified problems has not received enough scholarly attention: it is against this backdrop that the study becomes imperative using the qualitative technique. The study reveals the challenges and prospects in etrade implementation. It was discovered indeed that e-trade if finally implemented in Nigeria, will unarguably boost economy and encourage beneficiaries to embark on more exportation and importation of goods which in turn will lead to economic stability and growth. The study proffers useful suggestions on other aspect of automation needed in the customs service. Keywords: e-trade, Automation, Services, Goods,ICT