AfriPulse
The second edition of the Informal Economy Report, a comprehensive industry study of Moniepoint Microfinance Bank, is set to officially be launched on October 17, 2025, at the Abuja Continental Hotel.
According to Moniepoint, 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 Small and Medium Enterprise Development Agency of Nigeria (SMEDAN).
Nigeria’s informal economy is the backbone of the country’s livelihood, accounting for over 80 per cent of employment and driving the majority of economic activity.
For millions of Nigerians locked out of formal employment structures, the sector serves as a bulwark against poverty.
Moniepoint said the Informal Economy Report is 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 Managing Director of Moniepoint Microfinance Bank, Babatunde Olofin.
The unveiling is expected to attract senior government officials, regulators, lawmakers, industry leaders, trade associations, academics, civil society and development organisations.
It will feature keynote addresses, panel discussions and presentations of the study’s findings, with participants exploring strategies to create a more inclusive and sustainable economic landscape.
The Informal Economy Report follows the success of the inaugural edition, which received commendation from relevant ministries, departments and agencies (MDAs) and critical private sector players.
Source: Guardian Nigeria | Read the Full Story…
