90% of Nigerian Businesses in the Informal Economy Make Less Than $327 In Monthly Profit

In a report released by Moniepoint detailing the informal economy in Nigeria, it was revealed that 90% of businesses in the informal space make less than N500,000 (~$327) in profit in a month. Details According to a survey conducted in 2017, 80% of Nigeria’s 40 million MSMEs are set to be in the informal sector. … Continue reading 90% of Nigerian Businesses in the Informal Economy Make Less Than $327 In Monthly Profit