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

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

Abuja, Nigeria — Nigerian fintech giant, Moniepoint Microfinance Bank, is set to launch the second edition of its groundbreaking Nigeria’s Informal Economy Report on Friday, October 17, 2025, at the Abuja Continental Hotel.

The new study, conducted by the proudly Nigerian-founded and led financial institution, offers fresh insights into the state of the informal economy — the heartbeat of Nigeria’s livelihoods and small-scale enterprise.

According to the report, 42 per cent of operators in the informal sector lack sufficient savings to sustain themselves beyond one month without income, highlighting the financial vulnerability faced by millions of small business owners nationwide.

The forthcoming publication has received notable backing from the Federal Ministry of Industry, Trade and Investment and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), reflecting growing institutional interest in strengthening the informal economy.

Nigeria’s informal sector accounts for over 80 per cent of total employment and remains a vital pillar of national economic activity, particularly for citizens excluded from formal job structures.

Moniepoint explained that the Informal Economy Report aims to provide data-driven insights that will support policymakers, regulators, and financial institutions in developing interventions to empower 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 high-profile launch event is expected to draw participation from senior government officials, lawmakers, regulators, trade associations, industry leaders, academics, civil society, and development partners. It will feature keynote addresses, panel discussions, and presentations of the study’s findings, with participants exploring strategies to foster a more inclusive and sustainable economy.

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

With this new edition, Moniepoint reaffirms its commitment to using research and innovation to empower Nigeria’s small businesses, deepen financial inclusion, and strengthen the backbone of the nation’s economy.