Moniepoint to Launch Second Edition of Nigeria’s Informal Economy Report in Abuja

Moniepoint is set to launch second edition of Nigeria’s informal economy report in Abuja.

 

NewsOnline Nigeria reports that Nigerian fintech giant, Moniepoint Microfinance Bank, is set to unveil the second edition of Nigeria’s Informal Economy Report on Friday, October 17, 2025, at the Abuja Continental Hotel.

The new study, conducted by the Nigerian-founded and led financial institution, reveals that 42% of informal sector operators in the country lack sufficient savings to sustain themselves beyond one month without income. The finding highlights the economic vulnerability of millions of small businesses that power Nigeria’s vast informal sector.

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Supported by the Ministry of Industry, Trade and Investment and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), the upcoming report aims to shed light on the realities of informal businesses while offering data-driven insights to shape policy and financial inclusion strategies.

“The Informal Economy Report is a robust and important study that examines the informal market more closely and curates fresh insights into its realities,” said Babatunde Olofin, Managing Director of Moniepoint Microfinance Bank. “We believe its key outputs will serve ecosystem players and government well in policy direction and execution.”

Nigeria’s informal economy accounts for over 80% of employment and serves as a lifeline for millions of citizens excluded from formal job structures. The report seeks to help policymakers, regulators, and financial institutions design interventions that can strengthen and formalize this crucial segment.

The launch event will bring together top government officials, lawmakers, regulators, trade leaders, academics, civil society groups, and development partners. It will feature keynote addresses, panel discussions, and in-depth presentations of the study’s findings, with a focus on building a more inclusive and resilient economic framework.

The 2025 edition follows the success of the inaugural Informal Economy Report, which earned praise from the Federal Ministry of Industry, Trade and Investment, the Corporate Affairs Commission (CAC), SMEDAN, and business associations for its credible data and actionable recommendations.