Financial inclusion leader Moniepoint Microfinance Bank is set to launch the second edition of Nigeria’s Informal Economy Report on Friday, October 17, 2025, at the Abuja Continental Hotel.
The new report, which enjoys support from the Federal Ministry of Industry, Trade and Investment and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), sheds light on the financial vulnerabilities facing millions of small-scale entrepreneurs across the country.
A key finding from the yet-to-be-released study shows 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 economic condition of most informal businesses.
Nigeria’s informal economy, which accounts for over 80% of employment and economic activity, remains a lifeline for millions excluded from formal job structures, providing resilience against poverty and economic shocks.
According to Moniepoint, the Informal Economy Report aims to deliver evidence-based insights that help policymakers, regulators, and financial institutions develop strategies to 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,” 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.”
The launch event will bring together senior government officials, regulators, lawmakers, trade associations, academics, civil society groups, and development partners. It will feature keynote addresses, panel discussions, and presentations of the report’s findings, focusing on strategies to create a more inclusive, resilient, and sustainable economy.
The Informal Economy Report 2025 builds on the success of the inaugural edition, which received commendation from key institutions including the Corporate Affairs Commission, SMEDAN, and the Federal Ministry of Industry, Trade and Investment for its credible data and actionable recommendations.
