42% of SMEs Can’t Last a Month Without Income — Moniepoint - Thepodiummedia

Moniepoint: 42% of Nigeria’s Informal Sector Can’t Survive a Month without Income - Tech

A new study by Moniepoint Microfinance Bank, Nigerian-founded and led financial institution, has revealed that 42 per cent of Nigeria’s informal sector operators do not have enough savings to survive beyond one month without income, underscoring the fragile financial position of millions of small businesses across the country. The yet to be released report has received generous support from the Ministry of Industry, Trade, and Investment, and Sm…

42% of SMEs Can’t Last a Month Without Income — Moniepoint - Thepodiummedia

Moniepoint Microfinance Bank has revealed that 42 per cent of Nigeria’s small businesses cannot survive for a month without income, according to findings from the second edition of its Informal Economy Report. In a statement on Thursday, the bank said the report highlighted the fragile financial position of small businesses that employ a large share of Nigerians. The report, scheduled for release on Friday, received support from the Ministry of …

42% of Informal Workers Can’t Survive One Month Without Income - Moniepoint Report

A new study by Moniepoint Microfinance Bank has uncovered a sobering reality about Nigeria’s informal economy: 42% of informal workers have no savings buffer to survive beyond a month without income. The finding, drawn from Moniepoint’s 2025 Informal Economy Report, underscores the fragile state of financial security for millions of small business owners, traders, artisans, …

‎Why Moniepoint unveiled informal economy report

‎‎By Chioma Obinagwam ‎A new study by Moniepoint Microfinance Bank, a proudly Nigerian-founded and led financial institution, has revealed that 42 per cent of Nigeria’s informal sector operators do not have enough savings to survive beyond one month without income, underscoring the fragile financial position of millions of small businesses across the country. The yet […]

Moniepoint set to launch second edition of Nigeria’s Informal Economy Report in Abuja

A new study by Moniepoint Microfinance Bank, a proudly Nigerian-founded and led financial institution, has revealed that 42 per cent of Nigeria’s informal sector operators do not have enough savings to survive beyond one month without income, underscoring the fragile financial position of millions of small businesses across the country. The yet to be released […]