Nearly half of Nigeria’s informal businesses generate less than N20,000 daily in revenue, according to the Moniepoint Informal Economy Report 2025, shedding light on the thin margins and persistent struggles of small enterprises that power the nation’s economy.
The report revealed that “44 percent of businesses in Nigeria’s informal economy make less than N20,000 ($12) daily,” placing most operators at the lower end of the income spectrum despite their significant contribution to national growth.
It further revealed that “the median daily revenue range is between N20,000 and N50,000, while the median profit range is between N10,000 and N20,000, with 70 percent of them earning less than N50,000 per day.”