Social Media Advertising Becomes Nigeria's Fastest Growing Marketing Channel
By Ganiyi Jacinta Social media has officially overtaken many traditional channels as the most rapidly expanding method for Nigerian brands to connect with their customers. According to new industry data tracking advertising expenditure through 2026, the shift toward digital platforms is transforming the way businesses approach their marketing budgets. Social media advertising now stands as the single fastest-growing segment of the national digital advertising market. Spending in this space was valued at approximately USD 130 million in 2024 and is projected to climb to nearly USD 217 million by 2029. This aggressive pace of growth places social media firmly ahead of many older advertising formats that previously dominated the landscape. Short-form video is the primary engine driving this massive rise. Platforms like TikTok, Instagram Reels, and YouTube Shorts are generating significantly higher engagement rates than traditional static posts or long form videos...