A new study by Moniepoint Microfinance Bank has revealed that 42 per cent of Nigeria’s informal sector operators do not have enough savings to survive beyond one month without income, highlighting the fragile financial state of millions of small businesses across the country.
The findings form part of the second edition of Nigeria’s Informal Economy Report, which Moniepoint is set to launch on Friday, October 17, 2025, at the Abuja Continental Hotel.
According to the report, while 65 per cent of businesses recorded revenue growth in the past year, rising operational costs meant only 47 per cent saw higher profits. About 38 per cent of operators earn less than N10,000 daily, despite the sector being a key source of employment, with four in ten businesses acting as employers.
The research also points to a gradual digital shift in transactions. Customer payments are still largely cash-based, but electronic transfers now account for 48 per cent of payments made by business owners to suppliers.
Moniepoint said the report was designed to provide evidence-based insights that can guide policymakers, regulators, and financial institutions in shaping interventions that strengthen and formalise informal enterprises.
“The Informal Economy Report is a robust and important study that examines the informal market more closely and curates fresh insights into its realities. We believe its key outputs will serve ecosystem players and government well in policy direction and execution,” said Moniepoint managing director, Babatunde Olofin, in a statement announcing the launch.
The event will attract senior government officials, regulators, lawmakers, industry leaders, trade associations, academics, civil society, and development organisations. Participants will discuss strategies to create a more inclusive and sustainable economic landscape.
